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

SGFL to hire int'l cos to monitor drilling, survey

The state-run Sylhet Gas Fields Ltd (SGFL) will engage international consultants for the first time to monitor and supervise its drilling, work-over and three-dimensional (3D) seismic survey projects.It has already received a total of 50 bids from international consulting firms and their joint ventures to carry out the job on...

Japanese experts of different projects start returning to BD

The Japanese nationals, who left Bangladesh due to the spread of coronavirus, have started returning to their workplaces at different development projects in the country, sources said.They said that few Japanese consultants, contractors or experts have already arrived in Dhaka and some others to come at the end of this...

PM to open power plants today

Prime Minister Sheikh Hasina is expected to inaugurate two power plants, 11 grid sub-stations, six new transmission lines and electrification projects for ensuring cent per cent power in 31 upazilas today (Thursday), reports BSS."Prime Minister Sheikh Hasina will inaugurate two power plants along with 100 per cent power supply to...

BCSIR gets new chairman

Dr. Md Aftab Ali Sheikh of Chemistry Department from the Dhaka University joined Bangladesh Council of Scientific & Industrial Research (BCSIR) as its chairman on Wednesday. He placed a wreath at the monument of Father of the Nation Bangabandhu Sheikh Mujibur Rahman at Dhanmondi-32 in the city marking his first...

17pc electricity to come from renewable sources: Nasrul

Around 17 per cent of Bangladesh's electricity will come from renewable energy sources by 2041, said State Minister for Power, Energy and Mineral Resources Nasrul Hamid, reports UNB.Nasrul said this in an online bilateral meeting with UK Minister for Pacific and Environment Lord Zac Goldsmith on Tuesday.During the meeting, they...

MSMEs, farmers to benefit from IFC Covid-19 support

Thousands of micro, small, and medium enterprises (MSMEs), and millions of farmers across Asia and the Pacific will be benefited from the first phase of Covid-19 crisis response funding from the International Finance Corporation (IFC), a member of the World Bank (WB) Group, reports UNB.As the pandemic continues to send...

Japan signals push to re-open economy and boost stimulus

TOKYO, Aug 26 (Reuters): Japan wants to avert another state of emergency and needs to consider more stimulus to revive the economy, the top government spokesman said, signalling Tokyo's resolve to focus on re-opening businesses hammered by the coronavirus pandemic.Chief Cabinet Secretary Yoshihide Suga also dismissed speculation that Prime Minister...

AstraZeneca starts trial of Covid-19 antibody treatment

British drugmaker AstraZeneca (AZN.L) has begun testing an antibody-based cocktail for the prevention and treatment of Covid-19, adding to recent signs of progress on possible medical solutions to the disease caused by the novel coronavirus, reports Reuters. The London-listed firm, already among the leading players in the global race to...

Germany extends shorter work hours scheme

BERLIN, Aug 26 (AFP): A German scheme that tops up pay for workers who lost work hours because of the coronavirus pandemic has been extended by another year to stave off mass job losses.Chancellor Angela Merkel's ruling coalition of conservatives and centre-left Social Democrats agreed on Tuesday to allow the...

US consumer confidence fades further in August

WASHINGTON, Aug 26 (AFP): US consumer confidence continued to deteriorate in August, falling below the level seen in the early weeks of the pandemic as coronavirus cases rise, according to a survey released Tuesday.After dropping in July, the Conference Board's consumer confidence index fell further to 84.8 in August from...

China to import $300 billion of chips for third straight year

SHANGHAI, Aug 26 (Reuters): China is likely to import at least $300 billion worth of semiconductors for the third year running, an industry association official said, in a sign of continuing reliance on foreign know-how despite efforts to gain local capability."China is the world's largest importer of chips," Wei Shaojun,...