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

Only 37 RMG buying houses get registration from DoT

Only 37 buying houses have been registered with the Department of Textile (DoT) within the official deadline that ended in July last, officials said. The Ministry of Textiles and Jute (MoTJ) issued an amended circular on May 28 last, asking all the buying houses operating in the country to get...

Online transactions at BD missions by Dec

A government initiative is well under way to make online financial transactions at all Bangladesh missions abroad by this December.Once introduced, it is believed, financial management information system iBAS++ will expedite inflow of earnings of the missions to the national exchequer.Currently, all 77 missions which earn approximately Tk 40 billion...

DCCI dialogue focuses on using green technology

Speakers at a dialogue called for creating awareness about using green technology, reducing duty on environment-friendly equipment, and lowering interest rate to ensure sustainability of businesses.They also emphasised rainwater harvesting, using renewable energy sources, reducing misuse of energy, and adopting modern waste management system in this regard. They made the...

Int'l textile expo in city from Sept 04

Three international expositions on garment and textile sector will be held in the city from September 04 to 07.CEMS-Global, a conference and exhibition management services company, will host the event at the International Convention City Bashundhara (ICCB) in the capital, according to an announcement at a press conference in the...

MoU for renewable energy power plant today

The North-West Power Generation Company Limited will sign a memorandum of understanding (MoU) with China National Machinery Import and Export Corporation in the city today (Tuesday) aiming at implementing a renewable energy power plant project, reports BSS.Talking to the news agency on Monday, Director (Public Relations) of Bangladesh Power Development...

ONE Bank signs deal with Baby Shop Ltd

ONE Bank Limited and Baby Shop Limited have signed an agreement on making payment at Baby Shop stores, says a statement.Head of MFS & Agent Banking of ONE Bank Ltd. Gazi Yar Mohammed and General Manager of Baby Shop Ltd. Md. Jamal Uddin inked the deal on behalf of their...

Come forward to become entrepreneurs

Speakers at a programme in Rajshahi urged the youths to come forward towards becoming entrepreneurs.The call was made at the launching ceremony of Bangladesh Investment Development Authority (BIDA)'s week-long divisional level promotional campaign aimed at attracting local and foreign investment side by side flourishing the investment process, reports BSS.As part...

Thrust on making underprivileged children skilled workforce

The Underprivileged Children's Educational Programmes in Bangladesh (UCEP-Bangladesh) is playing crucial and laudable role in producing skilled workforces for local industries and entrepreneurs.Industrialists and business community leaders made the observation at a views-sharing meeting of employers and youths being trained at UCEP Rangpur Technical School at the Chamber Auditorium in...

BSTI files 14 cases in Khulna

KHULNA, Aug 26 (BSS): The Bangladesh Standards and Testing Institution (BSTI) has conducted 10 mobile courts and filed 14 cases against different organisations and business establishments in Khulna division for selling adulterated foods and not using digital weighing machines.They also slapped fine to the tune of Tk 28,000 and realised...

Smart China Expo kicks off in Chongqing

CHONGQING, Aug 26 (Xinhua): The four-day 2019 Smart China Expo kicked off here on Monday.Representatives, including heads of international organisations, academics and high-level enterprise officials from nearly 60 countries and regions, and more than 800 domestic and foreign enterprises have gathered in Chongqing Municipality in southwestern China to participate in...

Credit Suisse to shift focus to digital banking

ZURICH, Aug 26 (Reuters): Credit Suisse said on Monday it would invest hundreds of millions of francs in digital services and other parts of its Swiss division by the end of 2021 and said it no longer needed a bigger branch network in its home market than its rivals.Banks across...

Trump says China talks coming, Beijing calls for trade war resolution

BIARRITZ, Aug 26 (Reuters): The United States and China sought to ease trade war tensions on Monday, with Beijing calling for calm and US President Donald Trump predicting a deal after markets fell in response to new tariffs from both countries. Trump, speaking on the sidelines of the G7 summit...

India lockdown major blow for Kashmir tourism

SRINAGAR (India), Aug 26 (AFP): On Srinagar's Dal Lake, intricately decorated houseboats usually packed with tourists lie empty as Kashmir's tourism sector reels from a three-weeks-long lockdown imposed as India revoked the picturesque region's autonomy.With its breathtaking scenery, snow-capped mountains and placid lakes, temperate Kashmir is a popular destination for...

Nissan's Infiniti names new design chief

BEIJING, Aug 26 (Reuters): Nissan Motor Co's premium brand Infiniti said it has named Taisuke Nakamura as its new design chief, replacing Karim Habib who resigned from the post.Canadian designer Habib, who spent only about two years in the role, is the latest non-Japanese senior executive to have left Nissan...

Tesla’s Musk, Alibaba’s Ma to speak at tech event

SHANGHAI, Aug 26 (Reuters): Tesla Inc CEO Elon Musk and Alibaba Group Holding Ltd chairman Jack Ma will speak at a conference on artificial intelligence (AI) to be held this week in Shanghai, an Alibaba spokeswoman said on Monday.The two entrepreneurs will have a conversation in front of an audience...