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

CCC urges apparel brands to ensure workers' payment

A global rights group - Clean Clothes Campaign (CCC) - called on apparel brands and retailers, including H&M, Primark and Nike, to commit a wage assurance, ensuring payment of workers of their supply chains. It also urged to enter into negotiations to establish a fund that will ensure that workers...

Hill Plantation Ltd. holds 35th AGM

The 35th annual general meeting (AGM) of Hill Plantation Ltd. (Ramgarh Tea Garden) was held on a digital platform recently, with Managing Director Nader Khan in the chair, says a statement.Members of the Board of Directors Matiur Rahman, Hasina Khan, Durand Mehdadur Rahman, Imran Khan and Dr. Shamim Khan were...

Imported onion reaches Ctg port

CHATTOGRAM, Sept 29: The first consignment of imported onions in two containers by sea route was unloaded at Chattogram seaport on Tuesday morning.The onion-laden ship, MV Kota Egnorik, berthed at the port jetty on Monday night.Sources said the vessel reached the port with 58 tonnes of onions brought by Indosuez...

Sukuk to 'widely contribute to development activities'

The government is going to introduce Sukuk in the country, which is a very time-befitting step, said Prof. Shibli Rubayat Ul Islalm, chairman of Bangladesh Securities and Exchange Commission, on Tuesday. Sukuk, once introduced, will widely contribute to various development-oriented activities of Bangladesh, he added. Prof. Shibli made the remarks...

TK Group to set up three units, invest $205m

TK Group, a local conglomerate, is set to invest US $205.28 million to manufacture consumer goods and chemical products at the Bangabandhu Sheikh Mujib Shilpa Nagar (BSMSN).It will establish several industrial units on an area of 60 acres and generate employment for over 2,000 people.Samida Food Products limited, a subsidiary...

Quazi Osman Ali along with other officials inaugurating 50th sub-branch

Managing Director & CEO of Social Islami Bank Limited (SIBL) Quazi Osman Ali along with other officials inaugurating the 50th sub-branch of the bank at Satarkul Bazar, North Badda, in Dhaka through a virtual platform on Tuesday

Pandemic to keep Asia's growth at lowest since 1967

TOKYO, Sept 29 (Arab News): The coronavirus pandemic is expected to lead to the slowest growth in more than 50 years in East Asia and the Pacific as well as China, while up to 38 million people are set to be pushed back into poverty, the World Bank (WB) said...

Canada to present arguments of Huawei CFO's US extradition case

VANCOUVER, Sept 29 (Reuters): Canadian prosecutors are set to present their argument on Tuesday after Huawei Chief Financial Officer Meng Wanzhou's lawyers sought to add a new charge in their effort to stop her extradition to the United States.The second day of hearing is the latest in a series of...

Walmart in talks for up to $25b investment in Tata's 'super app'

BENGALURU, Sept 29 (Reuters): Walmart Inc is in talks with Tata Group for an investment of up to $25 billion in the Indian conglomerate's planned "super app", the Mint newspaper reported on Tuesday, citing people familiar with the matter.The app, scheduled to be launched in India in December or January,...

NTT to spend $38b to buy out, take DoCoMo private

TOKYO, Sept 29 (Arab News): Japanese telecoms giant Nippon Telegraph & Telephone, or NTT, announced Tuesday it will spend $38 billion to buy out and take private its mobile unit NTT DoCoMo in one of the largest ever deals of its kind.NTT and NTT DoCoMo executives released details of the...

S Korea's online shopping keeps double-digit growth

SEOUL, Sept 29 (Xinhua): South Korea's online shopping kept a double-digit growth in August as people refrained from offline shopping amid the fear of the Covid-19 outbreak, a government report showed Tuesday.Revenue by online retailers advanced 20.1 per cent in August from a year earlier, according to the Ministry of...