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

Bangladesh can benefit from blockchain technology

Business entities in Bangladesh can benefit immensely from the emerging blockchain technology, a leading technology expert has said recently. "Loyalty point systems built on blockchain are poised to be a currency of the future," said François Lançon who heads the Asia-Pacific operations of the global hitech giant Oracle. "This is...

Indonesian firms bag $274m orders

Indonesian companies have received orders totalling US$274 million (Tk 22.5 billion) from Bangladeshi importers at the three-day 'Indonesia Fair 2018' that ended on Saturday.Deputy Trade Minister of Indonesia Arlinda disclosed the figure at the closing ceremony of the first ever trade and tourism fair held at Le Meridien Hotel in...

DCCI focuses on growth-oriented budget

The Dhaka Chamber of Commerce and Industry (DCCI) is going to place its budget proposals to the finance minister today (Monday), suggesting creating a better economic environment which will help attain eight per cent GDP growth in the fiscal year (FY) 2018-19. Emphasising the need for proper policies of empowerment,...

Women's participation in TUs still limited: Study

Women workers' participation in the country's trade unions (TUs) and other platforms is still very limited despite their active role in labour rights movements at grassroots level, a study has revealed.Loopholes in labour law, conflict of interests among co-workers and male counterparts' dominating attitude are key challenges to women's participation...

KSRM signs deal with CCCC

KSRM has recently signed an agreement with and China Communication Construction Company Ltd. (CCCC) to supply deformed bars for the construction of Karnaphuli Multi-Lane Road Tunnel, says a press statement.On behalf of KSRM Steel Plant LTD, Md Jashim Uddin, Senior DGM, Marketing and Sales, and Sujon Kumar Dey, Sr. Manager,...

State-owned jute mills workers go on strike

Workers of eight state-owned jute mills in Khulna division enforced a half-day strike on Sunday to press home their 11-point demand, reports UNB.The strike began around 9:00am.Workers of Crescent Jute Mills, Platinum Jute Mills, Khalispur Jute Mills, Star Jute Mills, Alim Jute Mills, Eastern Jute Mills, Jashore Jute Mills and...

Projects to protect people from disaster running at slow pace

CHATTOGRAM, Apr 29: Twenty-seven years have passed since the devastating cyclone battered Bangladesh's coasts but a large number of people in the southern-eastern, southern and south-western districts are still open to the risks of an attack by cyclones as many coastal protection embankment construction projects undertaken by the government have...

United Hospital observes nat’l nutrition week

The 'Dietetics and Nutrition' department of United Hospital Limited observed the National Nutrition Week 2018 by conducting free health check-up including nutrition counseling at the hospital's Health Check Booth on Sunday, says a statement.Earlier, Faridur Rahman, Managing Director and Nazmul Hasan, CEO of United Hospital inaugurated the Health Check Booth...

US markets do not expect Fed rate hike this week

WASHINGTON, Apr 29 (AFP): Markets do not expect the US Federal Reserve to raise interest rates this week, as policymakers take time to assess how much pressure is building in world's largest economy.The central bank's Federal Open Market Committee, which is due to begin a two-day meeting on Tuesday, has...

Tourists throng Uzbekistan

SAMARKAND, Uzbekistan, Apr 29 (AFP): Coiffed, cheerful and multilingual, identical twins Fatima and Zukhra Rakhmatova do not immediately resemble agents of ex-Soviet Uzbekistan's long-feared security apparatus.But the photogenic 30-year-old pair are frontline members of a newly formed, user-friendly Tourist Police deployed in the famed Silk Road city of Samarkand and...

Sanctions to limit room for Russia's economic recovery

MOSCOW, Apr 29 (Reuters): The latest round of U.S. sanctions against Moscow will limit scope for rate cuts in Russia as well as room for economic recovery, a Reuters monthly poll of 23 analysts and economists suggested.The new round of sanctions imposed on Russia by the United States in April...

Cryptocurrency project 'on track’ in Iran despite ban

DUBAI, Apr 29 (Reuters): Iran has developed an experimental local cryptocurrency, a government minister said on Saturday, days after the country's central bank banned trading in digital currencies including bitcoin.Iran's central bank last week prohibited local banks from dealing in cryptocurrencies due to concerns about money-laundering as the country tries...

Managing Director and CEO of Islami Bank Bangladesh Ltd Md Mahbub ul Alam speaking

Managing Director and CEO of Islami Bank Bangladesh Ltd Md Mahbub ul Alam speaking as the chief guest at a 'Business Development Conference' at its Chattogram zonal office on Saturday

UK supermarket chain Sainsbury says in merger talks with Asda

LONDON, Apr 29 (AFP): Britain's supermarket chain Sainsbury said it was in talks to merge with rival Asda, in a deal that would create a retail giant with around 30 per cent share of the British market."Sainsbury's confirms that it and Walmart Inc. are in advanced discussions regarding a combination...

Flow battery to boost use of renewable power: Lockheed

WASHINGTON, Apr 29 (Reuters): Lockheed Martin Corp hopes to launch a new 'flow' battery made of inexpensive, nontoxic materials that can help utilities save money and use more renewable energy, company officials have said."You open up a chance not only to make renewables more marketable and more useful, you might...