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

Salt prices halve in peak season

CHATTOGRAM, Feb 24: The salt farmers are incurring losses due to a fall in prices of the commodity. The ground-level price of salt was Tk 500 per maund and mill-gate price Tk 570 per maund in the first week of this month. The ground-level price is now only Tk 260...

PM to inaugurate, lay foundation stones of 49 projects in Gopalganj today

Prime Minister Sheikh Hasina is expected to inaugurate 44 projects during her daylong visit to Gopalganj today (Saturday), reports BSS.The premier is also likely to lay foundation stones of five other projects.The 44 projects include two rural piped water supply schemes - one at Dumuria union under Tungipara upazila and...

Facebook, Instagram roll out paid subscription in Australia, NZ

SYDNEY, Feb 24 (AFP): Facebook and Instagram began a week-long rollout of their first paid verification service on Friday, testing users' willingness to pay for social media features that until now have been free.Facing a drop in advertising revenues, parent company Meta is piloting a subscription in Australia and New...

Ericsson to lay off 8,500 employees

STOCKHOLM, Feb 24 (Reuters): Telecom equipment maker Ericsson will lay off 8,500 employees globally as part of its plan to cut costs, a memo sent to employees and seen by Reuters said.While technology companies such as Microsoft, Meta and Alphabet have laid off thousands of employees citing economic conditions, Ericsson's...

Bank of Japan's next chief says monetary easing 'appropriate'

TOKYO, Feb 24 (AFP): The Bank of Japan's long-standing monetary easing policies are "appropriate", its next governor Kazuo Ueda told parliament on Friday, suggesting no sudden changes to the bank's stance when he takes the helm in April.Under current boss Karuhiko Kuroda, the bank has unleashed a raft of extraordinary...

BASF to cut jobs, close units in response to high energy costs

FRANKFURT (Germany), Feb 24 (AFP): German chemical giant BASF said Friday it would cut thousands of jobs worldwide and close several units at its historic home in Ludwigshafen as it contended with sharply increased energy prices."High energy prices are now putting an additional burden on profitability and competitiveness in Europe,"...

Indonesia Battery Corp eyes surge in electric scooters sales on incentive plan

JAKARTA, Feb 24 (Reuters): State battery company Indonesia Battery Corporation (IBC) is targeting a local market share of up to 30 per cent for electric motorbikes, its chief executive said on Friday, as the government tries to jumpstart the adoption of electric vehicles.The government is aiming to reach 2.0 million...