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

BGMEA urges factories to pay wages timely to prevent labour unrest

The apparel apex body, BGMEA, has warned some of its member factories that are vulnerable to labour unrest to pay wages on time to prevent any untoward incidents in this current situation.Bangladesh Garment Manufacturers and Exporters Association (BGMEA) made the call at a meeting held at the BGMEA Complex in...

ICC Bangladesh President Mahbubur Rahman (7th from right) along with ICCB Executive Board Members

ICC Bangladesh President Mahbubur Rahman (7th from right) along with ICCB Executive Board Members and Country Heads of top three global apparel buyers held a meeting with Commerce and Finance Adviser Dr. Salehuddin Ahmed (7th from left) at his office in Dhaka on Tuesday. Commerce Secretary Md. Selim Uddin (3rd...

Tech, software parks to be renamed

All high-tech and software technology parks as well as their affiliated ICT facilities across the country will be named after their respective districts and locations shedding the present titles.The Information and Communications Technology (ICT) Division of the government made the decision at a meeting of the executive committee of the...

Sim Fabrics to set up denim plant in Jamalpur Economic Zone

Sim Fabrics Limited is set to invest $17 million in Jamalpur Economic Zone (JEZ) to establish a denim manufacturing plant.The proposed industrial unit to be set up on 5.0 acres of land is expected to generate over 250 employments.To this effect, the private organisation inked a land lease agreement with...

Donations pour in for flood victims

Bangladesh Jewellers Association held a press conference

Bangladesh Jewellers Association held a press conference at its office in the city on Wednesday with a call for steps to protect the jewellery industry. — Focus Bangla

Standard Bank holds Business Review Meeting ---

Standard Bank PLC organised a Business Review Meeting at the bank's Learning Centre, Head Office, Dhaka, recently with the participation of Heads of all branches and Heads & Senior Executives of all departments of the Head Office. Mohammad Mohon Miah, Managing Director & CEO (Acting), presided over the meeting.

NBL holds Workshop on NPL Management

Special Asset Management Division in association with National Bank Training Institute (NBTI) of National Bank Limited jointly organised a daylong workshop on 'NPL management & legal measures' at NBTI on Wednesday. A total of 37 personnel from different branches and Head Office of NBL participated in this workshop. Md. Abdul...

China’s gold demand likely to rebound as economic jitters spur buying

BENGALURU, Aug 28 (Reuters): Gold demand in China is expected to improve in coming months as consumers adjust to higher prices, industry officials said, with economic uncertainty and concerns about currency weakness driving investment flows.A revival of demand in the world's top consumer of the precious metal could further support...

UK's Starmer in Germany for first bilateral trip as PM

BERLIN, Aug 28 (AFP): UK Prime Minister Keir Starmer meets with German Chancellor Olaf Scholz in Berlin on Wednesday to discuss a new partnership between the countries, on his first bilateral trip since taking office last month.The British leader, who will also travel on to Paris, has pledged to rebuild...

US core capital goods orders dip in July

WASHINGTON, Aug 28 (Reuters): New orders for key US-manufactured capital goods unexpectedly fell in July and data for the prior month was revised lower, suggesting a loss of momentum in business spending on equipment that extended into the early part of the third quarter.Non-defense capital goods orders excluding aircraft, a...

US cos return to currency options to hedge election

NEW YORK, Aug 28 (Reuters): US corporations are turning to foreign exchange options again to protect their cash flow as they fear the US presidential election and diverging central bank interest-rate policies could spark a period of currency volatility, bankers said.Currency swings, which can hike costs, disrupt cashflows and dent...