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

Transport-sector craves for internal resources

Transport sector that undertakes many mega-projects has a greater liking for easy-available internal resources and seeks an additional nearly Tk 10.64 billion in such funds in revised development budget. Officials said Wednesday the Ministry of Road Transport and Bridges (MoRT&B), however, sought a lower amount from external resources (project aid)...

179 construction workers die in 2017, study reveals

Lack of adequate safety equipments and working in hazardous condition caused death of 179 construction workers in the country and left 42 others seriously injured at their workplaces in 2017, a study has revealed. Annual Workplace Safety Report 2017, prepared by Bangladesh Occupational Safety, Health and Environment Foundation (OSHE), revealed...

ADB promises to step up ties with ACC

The Anti-Corruption Commission (ACC) has initiated preventive measures alongside arrests and actions to stop spread of graft, the head of the anti-sleaze watchdog said Wednesday.The commission has formed 'Satata Sangha' (integrity units) at 21,000 secondary schools and 600 'Satata Store' across the country to keep the future generation away from...

Call to use modern tech in commercial food processing

Speakers at a seminar on Wednesday urged private entrepreneurs for the proper use of modern technologies in commercial processing of food and preservation. They made the call at a seminar on "Appropriate use of modern technologies to produce agro-processed products" at Daffodil International University in Dhaka. Agro Products Business Promotion...

Explore development potential: President

President M Abdul Hamid has called on all concerned to explore and utilise properly the country's development potential to build a developed nation in the 21st century."The nation needs coordinated efforts of all to explore the development potential..... Nobody gives the pace of development, it has to be achieved," the...

Teletalk to launch 4G service in May

Posts, Telecommunications and Information Technology Minister Mostafa Jabbar has said Teletalk is likely to launch fourth generation (4G) mobile service in May."The state run mobile company - Teletalk has a plan to launch 4G service at all divisional cities across the country with its own finance of nearly Tk 200...

Biman gets new board of directors

Muhammad Enamul Bari Former chief of Bangladesh Air Force (BAF) Muhammad Enamul Bari has been appointed chairman of a 13-member new board of directors of Biman Bangladesh Airlines for the year 2018.The board has been reconstituted by the Ministry of Civil Aviation and Tourism, said a handout on Wednesday, reports...

US defends America First agenda ahead of Trump visit to Davos

DAVOS, Switzerland, Jan 24 (Reuters): Senior US officials hit back on Wednesday against suggestions that Donald Trump's "America First" agenda was hurting globalisation and trade, setting an aggressive tone ahead of the US president's visit to the World Economic Forum.World leaders, including Canada's Justin Trudeau and Brazilian President Michel Temer,...

Global economy to grow at a robust pace this year: Reuters poll

BENGALURU, Jan 24 (Reuters): The global economy is expected to grow at a robust pace this year and reach an altitude not seen since 2010, as momentum builds in developed economies and inflation revives, Reuters polls of over 500 economists showed.Major central banks are expected to move away from ultra-easy...

News Briefs-(25-01-2018)

Finance Div releases Q3 cash incentivesThe government has released the third installment of cash incentives amounting to Tk 11.25 billion for disbursement among major exporters for fiscal year 2017-18. In a circular issued on Wednesday, the ministry of finance has requested the Chief Accounts Officer of the Finance Division to...

AMA Muhith speaking at the inaugural function of international tradeshows

Finance minister AMA Muhith speaking on Wednesday at the inaugural function of international tradeshows titled Garmentech held in Dhaka — PID Photo

Woori Bank organised a workshop on "Anti Money Laundering & Combating the Financing of Terrorism"

Woori Bank organised a workshop on "Anti Money Laundering & Combating the Financing of Terrorism" recently in Dhaka. Zakir Hossain Chowdhury, General Manager and Operational Head of BFIU of Bangladesh Bank, was present as the chief guest.

Employees and staff of Amin Jute Mills demonstrate

Employees and staff of Amin Jute Mills demonstrate with empty plates and bowls on the road in front of the jute mill in Chittagong City on Wednesday to press home their various demands, including payment of arrear and allowances. — Focus Bangla

S Arabia will soon begin issuing tourist visas as it seeks place on tourism map

AL WAHBAH, Saudi Arabia, Jan 24 (AFP): Gazing at a shimmering salt pan below, a group of first-time Saudi hikers descended craggy slopes into a volcanic crater, part of a hidden trove of natural wonders being promoted to kickstart tourism. Saudi Arabia will soon begin issuing tourist visas, opening up...

Auto industry to drive Japan's economic growth, suggests DHL trade data

TOKYO, Jan 24: The strength of the automotive industry will play a major role in Japan's continued trade growth, say the findings of the Global Trade Barometer released today by DHL, says Media OutReach.The first ever Global Trade Barometer, an early indicator of global trade developments calculated using Artificial Intelligence,...