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

Govt drops Barapukuria coal import plan due to high cost

The government has abandoned the contingency coal import plan lingering the northern region's grapple with power woes.Higher import costs and restart of coal extraction from the Barapukuria underground coalmine led the state-run Bangladesh Power Development Board (BPDB) to abandon the coal import plan, a senior BPDB official told the FE...

Engage pvt sector in achieving SDGs, say experts

There is still a major lacuna in the institutional framework for engaging the private sector in achieving the sustainable development goals (SDGs), experts said. The private sector has a major role to play in attaining the SDGs, they said. The experts said the contribution of the private sector remained stagnant...

BD offers special economic zone to Qatari investors

State Minister for Foreign Affairs Md Shahriar Alam said the Bangladesh government is ready to offer one or more special economic zones to Qatari investors exclusively, which they can develop and operate as per their needs.He was addressing a seminar on 'Foreign Direct Investment Opportunities in Bangladesh' at Ritz Carlton...

Summit Power wins 'Fast-Track Power Plant' award

Summit Gazipur II Power Limited (300 MW) was awarded the 'Fast-Track Power Plant of the Year' in recognition as one of the leading fast-track power plants in the world, says a press statement. The ward was given at the Asian Power Awards in Jakarta, Indonesia, recently. Summit completed the construction-to-power...

Japan-BD jt venture gets 100 acres of land at Mirsarai

Bangladesh Economic Zones Authority (BEZA) has allocated 100 acres of land in Mirsarai to a joint venture investor Nippon and McDonald Steel Industries Limited.A land lease agreement in this regard was signed on Sunday at the BEZA premises.BEZA executive member Harun-or-Rashid and Md Sarwar Kamal of Nippon and Mcdonald Steel...

Metrocem's new cement hits market

Metrocem, one of the leading cement manufacturers of the country, has launched its new environment-friendly products in the market at a ceremony, says a statement.Managing Director of Metrocem Cement Ltd Muhammad Shahid Ullaah unveiled the new bag of Metrocem cement during the event at Hotel Cox in Cox's Bazar on...

'Achieving Sustainable Development Goals: Challenges and Way Forward'

Finance Minister AMA Muhith speaking at an international conference styled as 'Achieving Sustainable Development Goals: Challenges and Way Forward' at a city hotel on Sunday — FE Photo

Managing Director and CEO of NRB Bank

Managing Director and CEO of NRB Bank Limited Md Mehmood Husain along with other officials inaugurating the 37th branch of the 4th generation bank at Kadomtoli in Keraniganj, Dhaka, on Sunday

Managing Director of Farmers Bank Md Ehsan Khasru

Managing Director of Farmers Bank Md Ehsan Khasru, who is also advisor of Global Economist Forum Bangladesh, receiving UN accreditation card from Jatiya Sangsad Chief Whip ASM Feroz recently. Brazilian Ambassador Joao Tabajara de Oliveira Junior and Standard Bank Managing Director and CEO Mamun-Ur-Rashid also seen

Sonali Bank (SB) CEO and MD, Md Obayed Ullah Al Masud receiving an award

Sonali Bank (SB) CEO and MD, Md Obayed Ullah Al Masud receiving an award as the highest remittance recipient state-owned bank from Finance Minister Abul Maal Abdul Muhith at an event organised by Bangladesh Bank (BB) on Thursday. BB governor Fazle Kabir and senior officials of the Ministry of Expatriates...

Asian firms shuffle production from China to other countries

SEOUL/TOKYO, Sept 23 (Reuters): A growing number of Asian manufacturers of products ranging from memory chips to machines tools are moving to shift production from China to other factories in the region in the wake of US President Donald Trump's tariffs on Chinese imports.Companies including SK Hynix of South Korea...

US ports fear big losses in trade war

NEW YORK, Sept 23 (AFP): America's ports are fearful that they will be big losers as the escalating trade fight between Washington and Beijing bites into business.The anxiety is that tit-for-tat tariffs between the two economic superpowers will crimp shipments, denting port revenues.Kurt Nagle, head of the American Association of...

Nigerian govt under fire for fuel subsidy bill

LAGOS, Sept 23 (AFP): It's only September but Nigerians are already dreading Christmas. For years, the holiday season has been marred by paralysing fuel shortages, grinding business to a halt."Every December, I guarantee you, fuel scarcity will happen," said a barber in the prosperous Ikoyi district in Lagos, the country's...

0.3m to get jobs in hi-tech parks

RAJSHAHI, Sept 23 (BSS): State Minister for Information and Communication Technology Zunaid Ahmed Palak said more than 0.3 million youths, both boys and girls, will get jobs within the next three years in 28 hi-tech parks now being constructed outside Dhaka.The Rajshahi Bangabandhu Sheikh Mujib Hi-tech Park, now under construction,...