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

IDCOL plans to mobilise $250m to make RMG sector energy efficient

Infrastructure Development Company Limited (IDCOL) plans to mobilise US$ 250 million to help make the country's garment sector energy efficient.Of the total, $150 million will be sought from the Green Climate Fund (GCF) and the rest $100 million will be co-financed by the financial institutions including banks.It was revealed at...

Govt readies answer to ILO complaints

The government has finalised a draft response to the complaints against it over the violation of the International Labour Organization (ILO) conventions, officials said.A number of countries filed the complaints at the International Labour Conference (ILC) held in Geneva in June this year.Labour and law ministries and stakeholders have jointly...

US cotton traders eye growing market share in Bangladesh

US cotton traders seek to raise their market share in Bangladesh by 33 per cent in the next five years, buoyed by the growing textile industry, especially the spinning sector, which largely depends on imported cotton.They also urged the Bangladesh government to scrap the age-old fumigation rules on the import...

Don't make financial dealings to go to Japan

The expatriates' welfare ministry has urged overseas jobseekers not to make financial dealings with anyone for going to Japan as technical interns.Only the aspirants who will successfully complete required training, arranged by the Ministry of Expatriates' Welfare and Overseas Employment (MoEWOE), will be able to go to Japan, said a...

Aromatic rice exports rises

Fragrant rice exports from Bangladesh have gradually been increasing thanks to rising demand for such item in the globe, said traders.They said the exports could be increased significantly if the government provides necessary incentives like that of competitor countries.However, Bangladesh exported above 22,400 tonnes of rice worth US$ 17.7 million...

Become entrepreneurs

Prime Minister's ICT affairs advisor Sajeeb Wazed Joy has urged the country's young people to become entrepreneurs and create jobs for others as well instead of focusing on getting jobs for themselves after study.He made the call in his address to a group of youths at ‘Youth on Politics, a...

Thrust on bridging rich-poor gap

Planning Minister M A Mannan on Wednesday expressed the hope that the gap between the rich and the poor would be bridged in the coming years through implementation of various plans and programmes of the government including the Delta Plan 2100, reports BSS."We'll implement the Delta Plan 2100 as an...

Tipu urges India to remove trade barriers

Commerce Minister Tipu Munshi has urged India to remove all tariff and non-tariff barriers to help Bangladesh increase its exports to the neighbouring country, reports BSS.He said Bangladesh is the largest trade partner of India in the sub-continent. The trade volume of the two countries is increasing day by day,...

BBA inks deal with Army

Bangladesh Bridge Authority (BBA) on Wednesday signed a deal with Bangladesh Army to set up a composite military farm near Padma bridge. - BSS

BPC gets new chairman

Md Shamsur Rahman, a Secretary of the government has been appointed as Chairman of Bangladesh Petroleum Corporation (BPC) for one-year term with effect from October 26, 2019, according to a press statement.

China implementing new rules to make business easier

BEIJING, Oct 23 (Reuters): China will implement new regulations that aim to make it easier to do business from Jan. 1, 2020, China's state planner said on Wednesday, amid increasing pressure on the world's second largest economy.The new policies will guarantee equal market access and protect fair competition in the...

Singer Bangladesh

Managing Director and CEO of Singer Bangladesh Limited MHM Fairoz (3rd from L, front row) opening the company's 400th showroom at Shahid Shohidullah Kaisar Road, Feni recently

NESTLÉ Professional Bangladesh

NESTLÉ Professional Bangladesh, the out of home business wing of Nestlé Bangladesh Ltd., celebrating International Chef's Day in collaboration with International Culinary Institute, Dhaka recently in presence of Managing Director of Nestlé Bangladesh Ltd Deepal Abeywickrema as the chief guest

Dr Jamaluddin Ahmed FCA (C) seen

Chairman of Janata Bank Ltd Dr Jamaluddin Ahmed FCA (C) seen at the bank's Asset Liability Management Committee's meeting at the committee room of the bank in the city on Wednesday with Chief Executive Officer and Managing Director Md Abdus Salam Azad (sitting on his right) present

Sheikh Salauddin Jewel (4th from L)

Member of Parliament from Khulna-2 constituency Sheikh Salauddin Jewel (4th from L) and Chairman of board of directors of Agrani Bank Dr Zaid Bakht (standing next to him) seen at the inauguration of the bank's new branch named Shaheed Sheikh Abu Naser Specialised Hospital Branch in Khulna city recently