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

Appointment cards keep eluding garment workers: Govt findings

The anomalies in issuing appointment letters and identity cards are still high in garment factories, especially in non-trade group member mills, according to government findings.Inspectors at the state-run Department of Inspection for Factories and Establishment found roughly 83 per cent mills not affiliated with the industry associations issued appointment letters...

BAPI seeks cash incentives on finished pharma formulations

Bangladesh Association of Pharmaceutical Industries (BAPI) has demanded cash incentives on export of finished pharmaceutical formulations, as the pharma sector is mainly focused on export of finished products.If the government gives cash incentives on different tiers (more cash incentives for export to regulated countries and normal incentives for export to...

Spike in prices of building materials, interest rates worries developers

A sudden rise in interest rates and prices of key construction materials has created volatility in the country's real estate sector, a top developer of the country has observed.The developer also noted that the dream of middle-income people to own flats or apartments would be shattered again by the spike...

BCSIR signs MoU with Japan entity on construction

Bangladesh and Japan signed a memorandum of understanding (MoU) in the city Wednesday to conduct joint researches on sustainable construction and mitigation of arsenic from drinking water in the country, reports BSS.Bangladesh Council of Scientific and Industrial Research (BCSIR) and Japanese JDC Corporation inked the MoU at a function at...

Take action against corrupt meter reader: Ctg ACC commissioner

CHITTAGONG, Mar 28: The commissioner of Anti Corruption Commission (ACC) has instructed the authority concerned to take appropriate action after enquiry against a meter reader who allegedly tried to instigate a consumer to commit suicide as he complained about submission of an inflated-electricity bill (ghost billing).ACC Commissioner Dr Nasir Dr...

Sales of Walton ACs going up with rising temperatures

Sales of Walton brand air-conditioners have significantly increased as pre-summer temperature is rising for the last few weeks across the country, says a statement.Walton officials have said their new model ACs, including IoT (Internet of Things)-based smart ones with power efficient inverter technology's compressor, Walton brands inverter air-conditioners of 18000...

News Briefs-(29-03-2018)

Nat'l SME fair begins Apr 4A five-day 'National Small and Medium Enterprise (SME) Fair-2018' will begin in the city on April 4, bringing together local small and medium entrepreneurs under a single roof. Prime Minister Sheikh Hasina is expected to inaugurate the fair at Bangabandhu International Conference Centre (BICC), an...

Industrial and Infrastructure Development Finance Company

Managing Director (CC) of the Industrial and Infrastructure Development Finance Company Limited Md Shamim Ahamed inaugurating the seventh branch of IIDFC in Savar on Tuesday

Modhumoti Bank Limited

Chairman of the Audit Committee of the Board of Directors of Modhumoti Bank Limited and Vice-Chairman of the bank Shaikh Salahuddin presiding over a meeting of the committee at its Gulshan branch on Tuesday

Vegetable price declines give RBI room to hold rates

MUMBAI/BHOPAL, Mar 28 (Reuters): A sudden slump in India's vegetable prices following a spike in farm production will keep the central bank from tightening policy until the end of the year, analysts say, with inflation now tipped to slow more than originally forecast.The timely fall in vegetable prices is likely...

Pakistan online infringement case can help investment sentiment

ISLAMABAD, Mar 28 (Reuters): A legal battle between online marketplace OLX and Pakistan's largest automobile sales website over intellectual property theft and copyright infringement can help boost the confidence of big tech names to invest in the country.OLX contends PakWheels has been stealing vehicle classifieds and user data from its...

Nestle, other food groups likely suitors for GSK's Horlicks

LONDON/NEW YORK, Mar 27 (Reuters): Food giants Nestle, Kraft Heinz and Unilever are expected to bid for GlaxoSmithKline's Horlicks health nutrition business, which could fetch more than US $4.0 billion, according to people familiar with the matter.GSK has started a strategic review of Horlicks - a malt-based drink brand popular...

S Korean export boom continues in March

SEOUL, Mar 28 (Reuters): South Korea's exports were expected to continue their recent strong growth in March, driven by brisk global demand for memory chips and petroleum products, a Reuters survey showed on Wednesday.The median forecast from the poll of 12 economists predicted exports would rise 7.5 per cent from...

India seeks waiver from US steel, aluminium tariffs

NEW DELHI, Mar 28 (Agencies): India has asked the United States to exempt it from higher tariffs on steel and aluminium, saying Indian exports of the two products did not pose a security threat to America, three government officials said. Last week, U.S. President Donald Trump suspended tariffs for Argentina,...

Chinese state firms report solid growth in profit

BEIJING, Mar 28 (Xinhua): Chinese state-owned enterprises (SOEs) reported solid profit growth in the first two months of 2018 as the economy kicked off the year with better-than-expected performance, official data showed Wednesday. Combined SOE profits rose 25.3 per cent year on year to 367.3 billion yuan (around 58.5 billion...