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

Wholesale Price Index remains suspended for over a decade

Measuring inflation by the Wholesale Price Index (WPI) has remained suspended over the past one decade by the statistical office, leaving the people and policymakers uninformed about a gap between the prices at retail and producer levels.There are a number of ways to calculate the inflationary pressure in an economy...

Experiment gives SBC confidence

Sadharan Bima Corporation (SBC), a state-owned non-life insurance company, is willing to introduce weather index-based crop insurance as a regular scheme as the authorities consider it would help ensure food security and reduce poverty to a large extent.The government and farmers are also interested in the specialised insurance product in...

RMG TU right rejection slows in Dhaka, rises in Ctg

The rejection rate of applications seeking registration to form trade unions in the country's readymade garment sector increased in Chittagong zone and decreased in Dhaka zone during last three years, sources said. They, however, attributed the lower number of acceptance of applications by Dhaka office to the declining trend of...

Prime Minister Sheikh Hasina speaks at a video conference

Prime Minister Sheikh Hasina speaks at a video conference at Ganobhaban on Wednesday marking the launch of two digital platforms ‘Krishi Batayan’ and ‘Krishak Bandhu’ to expand the farmers’ access to e-agriculture service. - — PID photo

Govt to bring back all undocumented Bangladeshi workers from abroad

The government will bring back home all undocumented Bangladeshi workers from abroad as their presence will cast a bad impact on the country's overseas job markets, said sate minister for Foreign Affairs Shariar Alam on Wednesday."We can't lose our prospective markets due to illegal migrant workers," he said while speaking...

Nasim assures DGDA of required manpower

Health minister Mohammed Nasim assured on Wednesday the country's drug administration agency of taking necessary steps to provide it with adequate human resources to help it run efficiently."I shall raise the issue of increasing human resources at the drug administration office before the cabinet meeting on March 5", said the...

Bangladesh Krishi Bank gets new MD

Md. Ali Hossain Prodhania has joined Bangladesh Krishi Bank (BKB) as Managing Director (MD) recently. Prior to his joining, he was the Deputy Managing Director of Agrani Bank Limited. He started his banking career in Agrani Bank as Probationary Officer in 1986. Mr. Prodhania completed graduation with honours in Finance...

Foreign Investors' Chamber of Commerce & Industry

Md. Mosharraf Hossain Bhuiyan, NDC, Chairman, National Board of Revenue (NBR), attends the luncheon meeting of the Foreign Investors' Chamber of Commerce & Industry (FICCI) at a city hotel on Wednesdy. Seen on his left is Executive Director Jamil Osman and on his right is FICCI President Shehzad Munim and...

GM Korea to slash executive numbers, talks with union make little progress

SEOUL, Feb 28 (Reuters): General Motors' South Korean unit plans to slash the number of its executives, an internal letter seen by Reuters showed - the latest step by the US automaker as it attempts a politically contentious restructuring of the loss-making business.GM, which has some 16,000 employees in South...

India-Bangladesh Chamber of Commerce and Industry exchanges pleasantries

Abdul Matlub Ahmad, President, India-Bangladesh Chamber of Commerce and Industry, exchanges pleasantries with Chief Minister of Indian state of Andhra Pradesh Chandra Babu Naidu at the CII Partnership Summit 2018 held in Visakhapatnam recently.

Beyond Boundary Traveling Club

President of Beyond Boundary Traveling Club Azam Khan, new honorary member Shahzada Basunia, General Secretary and Tour Manager Moniruzzaman Chowdhury and Vice President Forhad Reza pose for photo after successfully completing Nepal Tour recently.

Ahsan Ishaque a passionate hotelier

Ahsan Ishaque, a passionate hotelier with vast experience in the hospitality industry in various positions, recently joined Dhaka Regency Hotel and Resort as Director of Sales and Marketing. His hotel career commenced with Dhaka Sheraton Hotel in 1999 as Manager Airport Guest Services.

Erdogan hails Algeria trade deals on Africa tour

ALGIERS, Feb 28 (AFP): Turkish President Recep Tayyip Erdogan welcomed the signing of trade deals with Algeria on Tuesday as he visited the country on the first leg of a tour of Africa.Erdogan said the agreements would allow Ankara and Algiers to diversify trade pending the signing of "an agreement...

US consumer confidence soars to 17-year record

WASHINGTON, Feb 28 (AFP): US consumer confidence leapt to a 17-year record in February, driven higher by strong expectations that jobs will remain plentiful in the near-term, according to a survey released Tuesday.Consumers' outlook about the future was also rosier, with more expecting their incomes to rise in the coming...

GIIS to launch smart campus in Singapore's digital district

Global Indian International School (GIIS) will open the most technologically -- advanced SMART campus in Singapore -- and probably all of Asia -- which combines 21st century pedagogy with state-of-the-art amenities to educate a new generation of leaders, says a Media OutReach press release.The SMART campus, upon completion, will be...