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

No sign of improvement in city traffic situation

A cabinet committee has expressed disappointment at the failure of the Dhaka Transport Coordination Authority (DTCA) to properly coordinate the traffic system management in and around Dhaka city.The cabinet committee on government purchase (CCGP) observed that there was no sign of improvement in the traffic situation as the authority failed...

Focus on skilled labour force for economic growth

Speakers at a programme on Monday stressed the need for creating skilled labour force to ensure sustainable economic growth in the country.They also called for an inclusive and demand-driven skills development system, which would help boost productivity.The call came at the launching ceremony of the European Union-funded 'Skills 21-Empowering Citizens...

BABMA condemns presence of ‘illegal’ manufacturing units

Bangladesh Accumulator & Battery Manufacturers' Association (BABMA) has decried the unabated establishment of 'illegal' battery manufacturing units across the country.The BABMA has also alleged that the 'unauthorised' battery manufacturers have long been involved in illegal and hazardous use of acid, affecting overall environment.The association has already raised the issue with...

JS body suggests disposal of Tk 2.30b audit objections

A parliamentary panel recommended on Sunday settling of 12 audit objections for the fiscal year (FY) 2010-11.The audit objections concerning eight agencies under the civil aviation ministry involve over Tk 2.30 billion (230 crore).The recommendations came at the 85th meeting of the parliamentary standing committee on civil aviation and tourism...

Shahid Hamid elected PATA board member

Shahid Hamid, Executive Director of Dhaka Regency Hotel and Resort, has been elected as a member of the Executive Board of Pacific Asia Travel Association (PATA) Worldwide.The election was held during the PATA Annual Summit held in Gangwon-do, South Korea, recently, says a statement.This is the first time in its...

DNCRP fines 72 businesses

The Directorate of National Consumer Rights Protection (DNCRP) fined 72 businesses Tk 0.72 million on multiple allegations across the country on Monday.Of them, 11 businesses were fined Tk 0.35 million in the capital's Gulshan and Lalbagh areas, said a DNCRP statement.The fines for Herfi Restaurant, Rosh, Onila Sweets and Misti...

SC stays HC notice on Destiny for four weeks

The Appellate Division of the Supreme Court on Monday stayed a High Court notice regarding an issue of Destiny 2000 Ltd. for another four weeks, reports UNB. The High Court notice asked the authorities concerned to explain as to why directives should not be given to wind up Destiny 2000.A...

India's NTPC Q4 profit jumps 46pc

BENGALURU, May 28 (Reuters): Indian power producer NTPC Ltd reported a 46 per cent jump in fourth-quarter profit on Monday, marginally beating analysts' estimates.Profit after tax from continuing operations was 26.26 billion rupees ($389.59 million) in the three months ended March 31, compared with 17.95 billion rupees a year earlier,...

Veolia sees opportunity in China's waste crackdown

BEIJING, May 28 (Reuters): French water and waste services firm Veolia Environnement SA sees opportunities in China from Beijing's crackdown on waste imports and is preparing to open a ship-dismantling plant in the south of the country, company executives said on Monday.China has this year tightened impurity thresholds on waste...

China enjoys strong demand for foreign autos, cosmetics

BEIJING, May 28 (Agencies): Chinese consumer demand for foreign foodstuff, cosmetics and automobiles is strong, two surveys by China's commerce ministry showed on Monday, and local distributors plan to ramp up orders from overseas suppliers in the next 12 months.Nearly a third of the around 1,400 consumers surveyed said they...

India to ignore US ban on Iran, Venezuela

NEW DELHI, May 28 (AFP): India will keep trading with Iran and Venezuela despite the threat of fallout from US sanctions against the two countries, Foreign Minister Sushma Swaraj said Monday.Swaraj, asked at a news conference whether US action against Iran and Venezuela would damage India, said the country would...

News in Brief--(29-5-2018)

Myanmar invitesEoI for Yangonexpressway YANGON, May 28: Myanmar's Construction Ministry has invited expression of interest (EoI) from local and international firms for a ring road expressway in Yangon, the ministry said in a statement on Monday. The 47.5-km elevated four-lane road will connect downtown Yangon, Yangon Port, Yangon International Airport,...