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

Board recommends Tk 5,710 as min wage for cotton mill workers

The Wage Board has drafted its proposal recommending Tk 5,710 as minimum monthly wage for workers of the country's cotton textile sector, officials said.A gazette notification was issued on January 24 in this connection seeking opinions and objections, if any, within 14 days of the notification.Fifteen days after the gazette...

Ctg Port to have new multi-purpose terminal

CHITTAGONG, Jan 28 (BSS): The Chittagong Port Authority (CPA) is going to build a mega container terminal named Laldia Multi-purpose Terminal at a cost of Tk 30 billion (3000 crore) on 52 acres of land for enhancing capacity of the country's premier maritime port.The project is going to be implemented...

Japan offers assistance in energy sector

Japan is keen to continue cooperation with Bangladesh in various sectors, including power and energy, reports UNB."Prime Minister Sinzo Abe desires to continue cooperation with Bangladesh in various sectors," said visiting Japanese PM's Special Adviser Kentaro Sonoura during a meeting with Prime Minister Sheikh Hasina at her official residence Ganobhaban...

Investors urge big brands to back BD garment workers' safety

MUMBAI, Jan 28 (Thomson Reuters Foundation): A group of socially responsible investors has urged 160 major retailers who source clothes from Bangladesh to back the extension of an agreement which promotes the safety of millions of workers in garment factories in the South Asian nation.The Bangladesh Investor Initiative, whose members...

Ninth BIID expo kicks off Mar 1

The four-day long International Bangladesh Infrastructure Innovation and Development Expo and Dialogue-2018 (BIID) will kick off in the capital on March 1.Ministry of Power, Energy and Mineral Resources will organise the event in cooperation with Sustainable and Renewable Energy Development Authority (SREDA) and Power Cell, Power Division, to meet sustainable...

Dhaka, Ankara talk investment

Bangladesh has a very favourable environment and policies for foreign investments and Turkey can tap such opportunities. This was observed by Planning Minister AHM Mustafa Kamal while leading a delegation of Bangladesh in a meeting of Bangladesh-Turkey Joint Economic Commission in Istanbul, Turkey, on Thursday, according to a dispatch received...

Deutsche Bank to hike bonuses

FRANKFURT, Jan 28 (Reuters): Deutsche Bank will hike annual bonus payments to more than 1.0 billion euros ($1.2 billion) despite posting its third consecutive annual loss in 2017, a German newspaper reported.The move comes amid concern another year of low bonuses could prompt investment bankers to defect to more generous...

IMF asks Arab nations to reform system to meet public aspiration

RABAT, Jan 28 (AFP): The International Monetary Fund (IMF) is holding a two-day regional conference from Monday in Morocco with a message of reform amid growing "frustration" among the population of some Arab states."Rising social tensions and protests in several countries across the Middle East and North Africa are a...

News Briefs--(29-01-2018)

Midland Bank opens Khulna branch Midland Bank Limited formally opened its Khulna Branch at Shibbari Mor of Khulna Sadar recently. Md. Ahsan-uz Zaman, Managing Director and CEO of the Bank formally inaugurated the branch as the chief guest. Sharif Atiar Rahman, Senior Vice President, Khulna Chamber of Commerce and Industries,...

Midland Bank formally inaugurats Khulna Branch

Md. Ahsan-uz Zaman, Managing Director and CEO of the Midland Bank, formally inaugurated the Khulna Branch of the bank at Shibbari Mor in Khulna Sadar recently.

NRB Bank inaugurats Annual Business Conference 2018

Mr. Mohammed Mahtabur Rahman, Chairman of NRB Bank Limited, inaugurated the Annual Business Conference 2018 of the bank in Dhaka on Saturday. Among others, Managing Director and CEO of the bank Md. Mehmood Husain was also present.

Angola devalues currency in economy shake-up

LUANDA, Jan 28 (AFP): Angolan President Joao Lourenco was elected five months ago promising an "economic miracle". But the path to transforming the oil-dependent country's economy will be long and difficult-as was highlighted by anger over the de facto de-valuation of the local currency. Since January, new central bank governor...

Estonia to take euro crypto

TALLINN, Jan 28 (AFP): Estonia is looking to drag the euro into the crypto age-and tame the volatility plaguing bitcoin and its peers-by creating a digital token backed by the single European currency. Cryptocurrencies have been on a rollercoaster ride recently, with bitcoin swinging from $10,000 to nearly $20,000 and...

Lithuania first in Europe to open blockchain hub

VILNIUS, Jan 28 (AFP): Lithuania on Saturday opened what it calls Europe's first blockchain hub, with partners in China and Australia, that aims to accelerate start-ups as the eurozone Baltic state seeks to become a regional financial technology centre. Created by European Parliament member and entrepreneur Antanas Guoga, the Blockchain...

SBAC Bank Training Institute organised day-long orientation programme

South Bangla Agriculture & Commerce (SBAC) Bank Training Institute organised a day-long orientation programme at its head office in the city Sunday. Managing Director (C.C) Mostafa Jalal Uddin Ahmed was present as the chief guest. Head of HR Md Ghulam Nabi, Head of International Division Shafiuddin Ahmed and Head of...