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

5,000 traders to import used clothes this FY

A total of 5,000 traders across the country will get opportunity to import used clothes (second-hand clothes) in the current fiscal year, officials said.Importers will be selected on the basis of the population density in each district and through lottery by deputy commissioners (DCs) concerned, they added.Each trader can import...

MoU with EEU states in March to spur trade

Bangladesh will sign a memorandum of understanding (MoU) with the Eurasian Economic Union (EEU) member states at the end of next March.Commerce minister Tipu Munshi said this to reporters after at his secretariat office on Tuesday.Earlier, Russian Ambassador in Dhaka Alexander I Ignatov visited him there.Mr Munshi said there is...

Int'l poultry show, seminar to begin in city March 05

The 11th International Poultry Show and Seminar is going to be held in the city from March 05, aiming to ensure antibiotic-free safe poultry foods. It was disclosed at a roundtable titled "Poultry for Health Living", organised jointly by the World Poultry Science Association - Bangladesh Branch (WPSA-BB) and Bangladesh...

Move to double maize production by 2021

The ministry of agriculture (MoA) has been considering converting all lands under tobacco cultivation into maize fields to raise the production of the cereal up to 6.0 million tonnes by 2021, officials said.Presently, the country grows 3.2 million tonnes of maize a year and also imports another 1.0 million tonnes...

Tk 280b development projects thrust Ctg into limelight

CHATTOGRAM, Feb 24: Dozen-plus infrastructure development projects involving about Tk 280 billion (28,000 crore) have now made Chattogram a centre of attraction.The projects have been undertaken by the CDA, Chittagong Port, Chittagong City Corporation and the Roads and Highways Department. During the pre-election period, Prime Minister Sheikh Hasina inaugurated or...

Singer offers free AC cleaning service (2019-02-27)

Singer Bangladesh has offered 'Free AC cleaning service' to all existing Singer AC users, says a statement. To obtain this service, customers need to visit their nearest Singer Mega or Singer Plus shop and register their names during the period from February 21 to 28.Last year, around 25,000 customers got...

News Briefs(27-2-2019)

BSTI finds bottled water of 10 cos substandardBangladesh Standards and Testing Institution (BSTI) in a report submitted before the High Court on Tuesday said the agency has found bottled water marketed by 10 companies substandard and scrapped the licences of three of those. The report was produced before a High...

Southeast Bank and Well Park Residence

Anwar Uddin, Deputy Managing Director and HOB of Agrabad Branch, Southeast Bank Limited, and MA Mansur, General Manager, Well Park Residence, exchanging documents of an agreement signed between the two sides recently, under which the bank’s credit and debit card members will get up to 50 per cent discount facility...

Modhumoti Bank paid tributes

Modhumoti Bank Limited paid tributes to the language movement martyrs on the occasion of the Shaheed Day and International Mother Language Day. The photo shows bank officials led by Fahmida Saeed Saki, Executive Vice President & Branch Manager of Motijheel Branch of the bank, walking towards the Shaheed Minar in...

MoU between Agrani Bank and BWCCI

Agrani Bank Limited Managing Director and CEO Mohammad Shams-Ul Islam and Bangladesh Women Chamber of Commerce and Industry (BWCCI) Senior Vice President Sangita Ahmed exchanging documents after signing a Memorandum of Understanding (MoU) on behalf of their respective organisations at the bank's board room in the city on Monday in...

American businesses in China see gloomy year ahead

BEIJING, Feb 26 (AFP): US companies in China forecast a gloomy year ahead, with many worrying about a deterioration in bilateral trade ties and nearly a quarter delaying investments, a business survey showed Tuesday.The survey of 314 US businesses by the American Chamber of Commerce in China provided a full...

BASF profits tumble as car woes, trade wars bite

FRANKFURT AM MAIN, Feb 26 (AFP): German chemicals giant BASF reported Tuesday its annual profits slumped in 2018, with knock-on effects from major customer sectors and geopolitical headwinds including trade conflicts taking the business off the boil.Net profit at the group fell 22.6 per cent, to 4.7 billion euros ($5.3...

Court ruling could help J&J defeat St Louis talc lawsuits

NEW YORK, Feb 25 (Reuters): A Missouri Supreme Court ruling on talc lawsuits could reduce the liability and number of large trials Johnson & Johnson faces over allegations its talc products, including baby powder, cause cancer.The ruling will likely offer some respite to the healthcare conglomerate as it deals with...