Finance News: Latest Financial News, Finance News today in Bangladesh

Govt plans commercial centres around two city railway stations

The Bangladesh Railway (BR) has envisaged a project to establish commercial centres around the Kamalapur and Airport railway stations in the city at an estimated cost of Tk 50 billion (5,000 crore).A team comprising officials from the BR and the Prime Minister's Office (PMO) will visit Japan next month to...

Ispahani top beverage brand: Study

Ispahani continues to be the top beverage brand in Bangladesh, according to a recent study by Kantar Worldpanel, a Spain-based firm that deals in consumer knowledge and insights based on continuous consumer panels. Kantar Worldpanel published its study ‘Brand Footprint 2018’ on May 16, says a press statement.Ispahani dominates the...

BPC importing 77,000 tonnes of diesel from India

The government is going to import 77,000 tonnes (578,420 barrels) of diesel from India through rail wagon to meet the domestic demand for a period of May-December this year, reports UNB.According to official sources at the Energy Division, the state-owned Bangladesh Petroleum Corporation (BPC) has already completed negotiation with the...

Feather pillow makes foray into US mkt

Bangladeshi feather pillow makers have set their sight on grabbing a market share in the US, as a local company made its first shipment of duck down-made pillows to America recently. Trade analysts consider this a great stride towards diversification of the country's fast-growing export basket.The US imports luxury sleeping...

Form price commission for agro products

Speakers at a seminar have urged the government to form a price commission for agro products and pass an act on food and nutrition right in order to ensure food security in Bangladesh and make the agriculture sector profitable, reports UNB.They observed that agriculture is the mainstay of Bangladesh's economy,...

Robi gets 1.0m 4G subscribers

Robi, a mobile phone operator, has recently reached the milestone of 1.0 million 4G subscribers within the first quarter of this year, reports UNB.By this time, Robi has also expanded its 4.5G network to 425 thanas with more than 4,000 sites.With the launching of 4G network on February 20, Robi...

Nepal seeks time to sign protocol

Implementation of the four-nation motor vehicle agreement (MVA) is once again facing interruption as Nepal seeks time to further scrutinise the sub-regional deal.Sources said the passenger protocol of the MVA, which was due to be signed by three out of the four member states in April, has been facing delay.The...

Wardah Cosmetics starts online live tips, talk show

Wardah Cosmetics, the internationally-reputed beauty products rich in natural and herbal ingredients, will organise a fashion and beauty-related online live tips and talk show in the city, says a statement.The aim of the tips and talk show, titled 'Wardah Inspiring Beauty', is to assist women move one step forward to...

Signing ceremony of agreement between Southeast Exchange Company (South Africa) Pty Ltd., and Islami Bank

Managing Director of Southeast Bank Limited M Kamal Hossain and Managing Director & CEO of Islami Bank Bangladesh Limited Md Mahbub-ul-Alam seen at the signing ceremony of an agreement between the Southeast Exchange Company (South Africa) Pty Ltd., a subsidiary of Southeast Bank, and the Islami Bank recently

Foodpanda mobile app and website

Head of Retail Banking of Eastern Bank Ltd M Khorshed Anowar and Co-founder and Managing Director of Foodpanda Zubair BA Siddiky exchanging documents after signing an agreement at EBL head office in Gulshan recently, allowing Foodpanda customers to pay for their orders online through Foodpanda mobile app and website, using...

Uber plans taxi-hailing service in Japan

TOKYO, May 22 (Reuters): Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to other taxi providers.The pilot will run through March 2019 as the US firm seeks to expand in the country where the ride hailer has been blocked from setting up...

Toll Brothers' profit misses estimates due to higher costs

NEW YORK, May 22 (Reuters): US luxury homebuilder Toll Brothers Inc's second-quarter profit missed Wall Street estimates on Tuesday, hurt by higher costs due to rising prices for building materials and shortages of land and skilled workers.Costs rose 20.5 per cent to $1.29 billion in the quarter, while orders, an...

Dr. Reddy's Q4 profit falls

BENGALURU, May 22 (Reuters): Indian generic drugmaker Dr. Reddy's Laboratories Ltd posted a 19 per cent drop in quarterly net profit on Tuesday, missing analysts' estimates, pulled down by headwinds in the US market.The company's net profit, for the quarter ended March 31, came in at 2.72 billion rupees ($39.98...

Merkel seeks unity with Beijing amid US trade bargaining

BERLIN, May 22 (AFP): German Chancellor Angela Merkel visits China on Thursday, seeking to close ranks with the world's biggest exporting nation as US President Donald Trump shakes up explosive issues from trade to Iran's nuclear deal.Finding a common strategy to ward off a trade war and keep markets open...

Public sector workers join strike against Macron's reforms

PARIS, May 22 (AFP): French public sector employees joined rail workers in striking Tuesday to protest overhauls proposed by President Emmanuel Macron, calling them an "attack" by the centrist leader against civil services as well as their economic security. It is the third day of major stoppages and demonstrations by...