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

Railway to set up rooftop solar plants in stations, workshops

Bangladesh Railway (BR) is going to set up rooftop solar plants in its stations, office buildings, junctions, workshops and staff quarters across the country as part of the government's plan to promote green energy across the country, reports UNB. Three major stakeholders -- Power Division, Bangladesh Railway, and state-owned financing...

Faster project work to help BD become rich: IMED secretary

The country's economy is expanding at a steady 8.1 per cent rate but it fails to ensure full implementation of projects in time, said Implementation Monitoring and Evaluation Division (IMED) secretary Abul Mansur Md Faizullah.This failure often results in a rise in expenditure and the misuse of public funds, he...

Bidding soon to appoint Ctg port berth operators

CHATTOGRAM, July 29: The tender to appoint new berth operators for the Chattogram Port Authority (CPA) will be invited soon after about three years, officials said.They said the last time an international tender, inviting applications from qualified berth operators to participate in the process to get appointment for operating berth/mooring...

BFIDC, Saudi co ink MoU to set up furniture factory

The government signed on Monday a memorandum of understanding (MoU) with a Saudi company to set up a state-of-the-art furniture factory at Kalurghat in Chattogram involving a cost of US$ 30 million.Bangladesh Forest Industries Development Corporation (BFIDC) and Engineering Dimensions (ED), a renowned business organisation of Saudi Arabia, signed the...

Emphasis on need for training on alternative dispute resolution

Muhammad A. (Rumee) Ali, Chief Executive Officer of Bangladesh International Arbitration Centre (BIAC), has emphasised the need of training on Alternative Dispute Resolution (ADR) to cater to the increasing requirement of businesses to settle disputes outside the court in an expeditious and amicable manner.He was speaking while inaugurating a two-day...

Assess impact of factories on Sundarbans: JS body

A parliamentary watchdog on Monday recommended the government to conduct a study to assess how environmental pollution, caused by factories in Sundarbans areas, is harming the public health. The Parliamentary Standing Committee on the Ministry of Environment, Forest and Climate Change came up with the recommendation at a meeting held...

News Briefs (30-07-2019)

Abdul Haque BARVIDA gets new presidentAbdul Haque has been elected unopposed the president of Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) for 2019-2021 term. Founder president of the association, Mr. Haque became the president of BARVIDA for the third time. Mohammed Shahidul Islam, proprietor of HNS automobiles, has been...

Quddus re-elected Rupali Ins chair

Mostafa Golam Quddus was unanimously re-elected chairman of Rupali Insurance Company Limited at the 187th meeting of the Board of Directors of the company recently. A former president of Bangladesh Garments Manufacturers and Exports Association (BGMEA), Mostafa Golam Quddus is the chairman of Dragon Group, one of the largest sweater...

US, China move trade talks to Shanghai amid deal pessimism

BEIJING, July 29 (Reuters): US and Chinese trade negotiators shift to Shanghai this week for their first in-person talks since a G20 truce last month, a change of scenery for two sides struggling to resolve deep differences on how to end a year-long trade war.Expectations for progress during the two-day...

Barclays, JP Morgan facing UK class action over forex-rigging

LONDON, July 29 (Reuters): Barclays, JP Morgan, RBS, UBS and Citigroup are being sued by investors over allegations they rigged the global foreign exchange market, in a test of US-style class actions in Britain.The claim, estimated to be worth more than 1 billion pounds ($1.24 billion), was filed at the...

Pfizer to combine off-patent drug business with Mylan

NEW YORK, July 29 (AFP): Pfizer announced Monday it will combine its off-patent drug business with the generic drugmaker Mylan to create a global leader in low-cost treatment, as drugmakers face intense political pressure to drive down prices in the United States.The new entity will be 57 per cent owned...

Standard Bank Limited won the 1st prize in Large Industry

Standard Bank Limited won the 1st prize in Large Industry (others) category at the 'National Productivity and Quality Excellence Award 2018' ceremony in the city on Sunday. The photo shows Mamun-Ur-Rashid, Managing Director and CEO of the bank, receiving the award from Industries Minister Nurul Majid Mahmud Humayun

Abdul Mannan, MP of Bogura-1

Abdul Mannan, MP of Bogura-1 (3rd from left), distributing relief materials among the flood victims at Sariakandi Upazila in Bogura as Yamaha Riders Club and ACI Motors organised a campaign for the flood victims recently

Md Abnus Jahan giving away a certificate to the participant

Sonali Bank Limited (SBL) Deputy Managing Director Md Abnus Jahan giving away a certificate to the participant of a two-week training course on "International Trade Financing and Trade Risk Management" organised by SBL at its Uttara Staff College in the city recently in presence of Principal in-charge Md Shajan Ali

BD Finance newly-inaugurated branch premises in Jashore

Managing Director & CEO of Bangladesh Finance and Investment Company Limited (BD Finance) Tarik Morshed (extreme left) speaking as the chief guest at the Customer Conference of the company at the newly-inaugurated branch premises in Jashore recently