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

Low-cost 'green block' use on rise among realtors

In lieu of traditional bricks, locally-invented 'green block' is gradually becoming popular among realtors, as it is cheaper and disaster-resilient in a quake-vulnerable country.The Housing and Building Research Institute (HBRI), under the Ministry of Housing and Public Works, invented the item recently. It is now being used by the realtors,...

Industry merger helps broaden cellphone user base in 2017

The country's mobile subscriber base increased by almost 15 per cent last year while that of internet climbed by more than 20 per cent, the government has said.The number of mobile subscribers in the country reached 145.114 million at the end of 2017, up from 126.391 million a year earlier,...

Businesses propose new body to contain cost-time escalation

A business body proposes that a national "high-performing authority" be formed to accelerate implementation of mega infrastructure projects to avert the prevailing practice of time and cost escalations.Leaders of the Dhaka Chamber of Commerce and Industry (DCCI) unveiled their proposition to reporters after a meeting with Commerce Minister Tofail Ahmed...

Tofail rules out syndicate role in onion price spiral

Commerce Minister Tofail Ahmed on Tuesday said there was no syndicate behind the onion price hike in the country."There were no activities of syndicate behind onion production, import and marketing of onion in the country," the minister said. He made the remarks while responding to a query placed by independent...

Dhaka, Hanoi to hold biz forum in March

A joint business forum will be held during the visit of the Vietnamese President in early March aiming to increase bilateral trade and investment in the potential sectors of the two countries.Vietnamese President Tran Dai Quang will arrive in Dhaka on March 4 on a three-day visit. This was disclosed...

Set up commercial courts at division level to address contract enforcement issues: Speakers

Terming alternative dispute resolution (ADR) a more business-friendly channel for resolving disputes, discussants at a roundtable have stressed the need for setting up commercial courts in divisional level to address issues of enforcing agreement.They also emphasised on a wider buy-in from the stakeholders to strengthen the outside court dispute settlement...

Bbq Bangladesh marks its fourth anniversary

Bbq Bangladesh, a franchise of Korean chain restaurant bbq, celebrated its four years of business in the country recently.The renowned chain restaurant arranged a programme in the capital to mark its fourth anniversary in Bangladesh, says a statement.Momin Ud Dowlah, Chairman and Managing Director of Eon Group of Industries and...

Youth group launches career portal

The government will facilitate youths in developing innovative ideas for the information and technology (ICT) sector to promote digitalisation, state minister for ICT Junaid Ahmed Palak said Tuesday.He made the remarks while inaugurating a Bangla website as the chief guest at Janata Tower in Dhaka.The government has already taken initiatives...

CBC's holds annual staff conference

The Annual Staff Conference-2018 of the Commercial Bank of Ceylon PLC was held in the capital recently, says a statement.Managing Director and Chief Executive Officer (CEO) of the bank Jegan Durairatnam attended the programme held at Le Meridian at Gulshan.Country Manager Varuna Kolamunna, Chief Operating Officer Najith Meewanage, Senior General...

India's Ola enters Australia as it battles Uber

MUMBAI, Jan 30 (AFP): Indian ride-hailing company Ola is launching in Australia, it announced on Tuesday, making its first foray abroad as it steps up a battle with rival Uber.Ola launched in 2011 and claims to handle around a billion rides every year across India's major cities.The company said it...

News Briefs--(31-01-2018)

Zulfiquer Aziz New chairman takes charge of Ctg port CHITTAGONG, Jan 30: Zulfiquer Aziz took charges of the Chittagong Port Authority as its chairman on Monday. He has replaced M Khaled Iqbal. Prior to shouldering the responsibility of the Chittagong Port chairman, Mr Aziz had been serving the country's prime...

Annual Business Development Conference 2018 of Bangladesh National Insurance Company

The Annual Business Development Conference 2018 of Bangladesh National Insurance Company Limited was held at a hotel in Dhaka recently. Mostafa Kamal, Chairman and Managing Director of Meghna Group of Industries, and Vice Chairman of Bangladesh National Insurance Company Limited, was present as the chief guest.

Kuwait approves deficit budget because of low oil prices

KUWAIT CITY, Jan 30 (AFP): Kuwait on Monday approved its budget for the 2018-2019 fiscal year, projecting a huge deficit for the fourth year in a row because of low oil prices.Next year's deficit is estimated at $16.7 billion, or 13.5 per cent of the OPEC member's gross domestic product.Finance...

French economy grows by 1.9pc in 2017

PARIS, Jan 30 (Agencies): The French economy notched up its fastest growth in 10 years in 2017, expanding by 1.9 per cent, the national statistics institute INSEE calculated on Tuesday. The figure, in line with forecasts by both INSEE and the Bank of France, represented a marked pick-up from 2016,...

S Korean export shows robust growth

SEOUL, Jan 30 (Reuters): South Korea's exports were expected to show robust annual growth in January, rising for a 15th consecutive month on strong global demand for computer chips and petroleum products as well as more working days than the previous year.A Reuters poll of 12 economists saw exports growing...