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

Committee seeks to double compensation amount

The government is set to amend several provisions, including the one related to the compensation for workplace death and injury, in the labour law to raise the amount to Tk 0.2 million, officials said.A tripartite committee tasked with working on amendments to the labour law has finalised the draft amendments.In...

Khulna-Mongla rail project cost set to escalate

Khulna-Mongla rail project is set to be costlier as half the work, including construction of a rail bridge over the Rupsha, is yet to be completed.The project under Indian Line of Credit (LoC) is unlikely to meet the June 2018 deadline as it still faces different problems, including design confirmation...

Widen tax net, cut tax rates: BCI

Bangladesh Chamber of Industries (BCI) has recommended setting a tolerable revenue-collection target in the upcoming national budget to boost industrial growth and investment. It also suggested widening the tax net and reducing the tax rates, which will help earn more revenues. In a statement on Thursday, President of BCI Mostafa...

Marcel opens showroom in Jashore

Akhtar Electronics, an exclusive distributor showroom of Marcel, was inaugurated at Jhikargacha Bazar in Jashore on Wednesday, says a statement.It has an array of collection of electrical and electronics products and home appliances of Marcel brand. Marcel brand Ambassador and film actor Amin Khan inaugurated the showroom amid a cheerful...

Experts for including supply chains, care workers in ILO Convention

The new ILO Convention must define workers and workplaces comprehensively as well as include corporate supply chains and unpaid care workers in order to set international standards against harassment and violence, participants at a seminar said on Wednesday. The International Labour Organization (ILO) is going to place a standard-setting item...

BPATC's special foundation training for RHD engineers

The Bangladesh Public Administration Training Centre (BPATC), Savar, has organised a special foundation training course for sub-assistant engineers of Roads and Highways Department.As many as 32 sub-assistant engineers are participating in the 60-day special foundation training course, the first of its kind, according to a statement.The theme of the special...

Protectionist measures worry Asia-Pacific exporters : Survey

Asia-Pacific exporters are deeply worried about a possible fall in turnovers in the wake of an increase in US protectionist measures and their potential for triggering a trade war with Asian countries at the centre.The turnover will decline 10 per cent to 20 per cent due to uncertainty over and...

Ctg Port users press for easing lighterage congestion

CHATTOGRAM, May 24: Port users urged Chittagong Port Authority (CPA) to fix cleaning charge of containers and a time frame for discharging cargo from lightering vessels.Leaders of Port Users Forum (PUF) made the call during a meeting at Chittagong Chamber of Commerce and Industry (CCCI) in the port city on...

GE's power unit fights for growth

NEW YORK, May 24 (Reuters): Vistra Energy Corp and Dominion Energy Inc - which serve about 5.5 million electricity customers in more than a dozen US states - both say they are done building combined-cycle natural gas-fired power plants.Instead, they are building large solar plants, which offer plentiful and inexpensive...

Nestle to speed up product innovation

LONDON, May 24 (Reuters): Food giant Nestle plans to combine its scientific research operations into a single unit in an attempt to speed up development of new products at a time when competition from smaller rivals is intensifying.The world's biggest packaged food maker, with brands including Nescafe coffee and Perrier...

Participants listening to lectures

Participants listening to lectures at a fashion and beauty-related online live tips and talk show, organised by Wardah Cosmetics in the capital recently

Delhi launches WTO challenge over Washington tariffs

GENEVA, May 24 (AFP): India has opened a World Trade Organisation challenge against the steel and aluminium tariffs imposed by the United States, a document circulated to WTO members on Wednesday said. Accusing Washington of "multiple violations" of WTO rules, India formally asked the US for "consultations" over the tariffs...

UK will pay Brexit bill before EU trade deal

Suella Braverman LONDON, May 24 (AFP): The British government acknowledged Wednesday it must pay its Brexit divorce bill before securing a new trade deal with the EU, despite previously insisting the cash could be a bargaining chip. Prime Minister Theresa May agreed in December to a financial settlement totalling o35...

China denies plan to cut US trade surplus

BEIJING, May 24 (AFP): China said Thursday it has not set a target to cut its trade surplus with the US but will seek to increase imports after the two sides stepped back from a potential trade war. Officials from Beijing were reported to have offered to slash the country's...

Singapore lifts GDP growth forecast

SINGAPORE, May 24 (Xinhua): Singapore's Ministry of Trade and Industry (MTI) announced on Thursday that the country's gross domestic product (GDP) forecast for the whole year of 2018 was ranged from 2.5 to 3.5 per cent, compared to the 1.5 to 3.5 per cent announced previously. The ministry said global...