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

Pay wages by June 10, festival allowance before Eid holidays

Garment workers will receive their monthly wages for May by June 10 and festival allowance before the Eid holidays in their respective factories.Besides, they might receive partial payment for June if factory owners and workers can reach a consensus on the issue through negotiations.The crisis management core committee headed by...

BIWTC to launch four container vessels

The state-owned Bangladesh Inland Water Transport Corporation (BIWTC) is finally set to introduce four container vessels after nine years of taking an initiative to do so, said officials.In 2009, the Executive Committee of the National Economic Council (ECNEC) approved a project in this regard. But contracts with the shipbuilders were...

Anwar Landmark gets int'l award

Anwar Landmark Limited won the 'International Construction Award', presented by the Global Trade Leaders Club. The company got the award for being the best construction company of Bangladesh, says a press statement. Hossain Khaled, Director, Anwar Landmark, received the award at the award giving ceremony in Madrid, Spain, recently.The award...

Jamdani Fair begins in city (2018-05-30)

A 10-day 'Jamdani Fair' kicked off in the city on Tuesday, aiming to promote the century-old tradition of weaving the fabric.Industries Minister Amir Hossain Amu inaugurated the fair as the chief guest at the National Museum in the capital.Bangladesh Small and Cottage Industries Corporation (BSCIC) has organised the exposition.The industries...

Debit and Credit card holders of NRB Bank enjoy 10 per cent discount on all products of Zeil's Shop

In presence of Managing Director and CEO of NRB Bank Ltd Md Mehmood Husain (5th from right), Chief Operating Officer of the bank Imran Ahmed and Managing Director of Zeil's Shop Ltd. Jashim Md Al Amin exchanging documents after signing an agreement in the city recently under which Debit and...

Rajshahi Krishi Unnayun Bank (RAKUB) Chairman Muhammad Nazrul Islam is receiving repayment of loans from borrowers

Rajshahi Krishi Unnayun Bank (RAKUB) Chairman Muhammad Nazrul Islam is receiving repayment of loans from borrowers while visiting Rajshahi zone's Godagari and Rajbari branches, and Chapainawabganj zone's Chapainawabganj and Chhatrajitpur branches during the bank's grand loan recovery camp recently

UAE bans fruits from Kerala

DUBAI/MUMBAI, May 29 (Reuters): The United Arab Emirates (UAE) has banned imports of fresh vegetables and fruits from India's Kerala state where 13 people have died due to an outbreak of the rare brain-damaging Nipah virus, the Gulf state said on Tuesday.The UAE's Ministry of Climate Change and Environment also...

Close ties fail to protect Abe from Trump tirades

TOKYO, May 29 (Reuters): Tariffs on steel, threats of car import levies and intense pressure for a two-way economic deal: despite warm personal ties, U.S. President Donald Trump is giving Japanese Prime Minister Shinzo Abe a decidedly tough time on trade.Trump has also withdrawn from a multilateral Trans-Pacific Partnership (TPP)...

Alibaba leads consortium in $1.4b deal to buy ZTO

SHANGHAI, May 29 (Reuters): Alibaba Group Holding Ltd on Tuesday said it has led a consortium of investors to buy about 10 per cent of Chinese courier ZTO Express (Cayman) Inc for $1.38 billion, as part of the e-commerce firm's push into offline services.The consortium includes Alibaba's majority-owned logistics affiliate...

Uber in talks to resume services in Abu Dhabi

ABU DHABI, May 29 (Reuters): US ride-hailing company Uber Technologies is in talks to resume services in Abu Dhabi after a nearly two-year suspension, a transport official said on Tuesday.Services of Uber and Middle East rival Careem were suspended in Abu Dhabi in August 2016 after some drivers were detained...

Swiss bank BCP halts all new businesses with Iran

LONDON, May 29 (Reuters): Swiss lender Banque de Commerce et de Placements (BCP) has suspended new transactions with Iran and is winding down activities with the country after US President Donald Trump's pullout from the nuclear deal with Tehran, the bank said on Tuesday."We have suspended any new transaction related...

Fortis Healthcare begins fresh bidding process

BENGALURU, May 29 (Reuters): Fortis Healthcare Ltd on Tuesday decided to initiate a fresh bidding process, after the board's previous choice of the investment offer in the bidding war did not appeal to shareholders.Three bidders - a consortium of Hero Enterprise Investment Office and the Burman Family Office, a consortium...

KWS seeks to buy Bayer's vegetable business

FRANKFURT, May 29 (Reuters): German seed seller KWS Saat has made a rival offer for Bayer's vegetable seed business, a unit Bayer had agreed to sell to BASF as part of its planned merger with Monsanto.KWS on Tuesday said its non-binding proposal was first made to Bayer on Jan 26,...

Cuba to amend constitution to widen reforms

HAVANA, May 29 (AFP): Cuba will seek to amend its constitution to further open up the economy but without modifying the "irrevocable character of socialism," authorities there said Monday. Former president Raul Castro, who stepped down last month, introduced reforms in 2011 to open the top-heavy, centralised economy to small...

News in Brief--(30-5-2018)

India's exports hit $350b in this fiscal yearNEW DELHI, May 29 : India's exports could rise as much as a fifth in the current fiscal year ending March 2019 to reach about $350 billion, a leading trade body said on Tuesday. The Federation of Indian Export Organisations (FIEO) also hopes...