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

Garment safety remains elusive as factories keep collapsible gates

Many garment factories are yet to ensure safe exist facilities and remove lockable gates as required by western buyers and the government, leaving workers vulnerable to fire accidents, insiders have said. According to the industry insiders, some 40 per cent of the total operational garment factories, especially the units inspected...

Domestic paper industry booms as new mills come into play

Domestic production of paper has increased substantially in the last few years due to setting up of new factories, sector insiders have said, which has helped mitigate the country's import dependence. At present, according to their estimate, around 60 per cent of the annual demand -- half a million tonnes...

Dhaka, Colombo sit tomorrow to finalise maritime deal

A high-powered meeting between Bangladesh and Sri Lanka will be held in Dhaka Tuesday to discuss finalisation of a maritime connectivity agreement, aimed at boosting bilateral trade and commerce between the two countries, officials said. To participate in the first-ever shipping secretaries' level meeting, a five-member Sri Lankan delegation --...

Government seeks special WB financing thru IPFF window

Government authorities have sought low-interest loans for project financing in private economic zones from the World Bank's Investment Promotion and Financing Facility (IPFF) window to nudge the EZs into takeoff. Officials said the Bangladesh Economic Zones Authority (BEZA) under the Prime Minister's Office (PMO) has placed the request for the...

News Briefs

BIFFL reaches Tk 10b loan disbursement mark Bangladesh Infrastructure Finance Fund Limited (BIFFL) has recently achieved the milestone of disbursing Tk 10 billion in the infrastructure projects in Bangladesh. Established in 2011, the government owned-BIFFL has been financing infrastructure development and environment-friendly projects aimed at facilitating the country's sustainable economic...

Photo: Union Bank Training Institute

Testing lab set to open next month

The much-awaited 'testing lab' for the country's packaging and accessories sub-sector is set to start operation from next month, which is expected to help cut lead time for the export suppliers as we as substantially cut testing costs. They said the lab, set up at an expenditure of Tk 17.4...

Milk Vita makes Tk 180m profit

State-owned Bangladesh Milk Producers' Cooperative Union Ltd marketing its products under the brand name Milk Vita made a profit of over Tk 180 million (18 crore) in the fiscal year 2015-16, reports UNB. It was disclosed at a review meeting on Milk Vita activities held at Dugdha Bhaban, Tejgaon, in...