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

Changes in design push up Lebukhali bridge project cost

Nine years have elapsed, but the Lebukhali Bridge is yet to take shape due to a faulty design and rising project cost.The project has made only 30 per cent progress as of August 2018 due to design-related complications, according to an official record.The Roads and Highways Department (RHD) undertook the...

Fix minimum wage for RMG workers at Tk 16,000

The Left Democratic Alliance, a platform of eight left-leaning political parties, has demanded that the government fix the minimum wage for the workers of the readymade garment (RMG) industry at Tk 16,000.Otherwise, the workers would launch demonstration to press home their demand for pay hike, said a press statement issued...

Develop border infrastructure, remove trade barriers to boost BD-India ties

AGARTALA, Sept 2: The economic prosperity of India and Bangladesh could be improved by developing border infrastructure and removing basic trade barriers, top politicians and experts said at a seminar on Sunday, reports IANS.Tripura Chief Minister Biplab Kumar Deb, who inaugurated the seminar, said the under-construction bridge over river Feni...

Govt plans to implement 10 power projects by 2030

The government is going to implement 10 mega projects of about 15,000 MW of capacity by 2030 as part of its Power System Master Plan (PSMP) 2016, reports UNB.Director General of Power Cell Mohammad Hossain, who is involved in chalking out the plan, said the government has already initiated a...

136 businessmen to receive CIP cards today

The government will award commercially important person (CIP) cards to 136 businessmen today (Monday) for their extraordinary performances in their respective fields in 2015, reports BSS.Commerce Minister Tofail Ahmed will hand over the CIP cards among the winners at a function at a city hotel.Out of the 136 businessmen, 94...

CUFL to resume production tomorrow

CHATTOGRAM, Sept 2 (BSS): The state-owned Chittagong Urea Fertiliser Company Ltd. (CUFL) will resume its production on Tuesday, nine months after it was shut down following gas supply crisis.The factory was declared closed on December 22 last year. Karnaphuli Gas Distribution Company (KGDCL) will resume gas supply to CUFL on...

LG Bangladesh Managing Director DK Son and KEPZ Corporation Managing Director Md Shahjahan

LG Bangladesh Managing Director DK Son and KEPZ Corporation Managing Director Md Shahjahan seen at the signing ceremony of an agreement for installation of the Variable Refrigerant Flow (VRF) system of LG in the Korean Export Processing Zone (KEPZ), at the KEPZ MD's office in Chittagong recently

No panic over Trump threat: WTO chief

US President Donald Trump's comments about potentially leaving the World Trade Organisation were consistent with what the United States has said previously and did not reflect new concerns.Director General of World Trade Organisation (WTO) Roberto Azevedo has said this in response to Trump's threat that he could pull out of...

Malaysia says body to study Forest City project

KUALA LUMPUR, Sept 02 (Reuters): Malaysia has said a committee will review the $100 billion Forest City real estate project, days after Prime Minister Mahathir Mohamad said foreigners would not be granted visas to live there.Mahathir's comments were a setback for Chinese developer Country Garden Holdings Co Ltd. as it...

Global central banks likely to sell 100b pounds

Central banks holding sterling as part of their forex reserves could sell more than 100 billion pounds ($127.53 billion) should Britain crash out of the EU without a trade deal, a Bank of America Merrill Lynch study showed.The prospect of a no-deal Brexit is becoming increasingly feasible in the eyes...

Nokia secures €500m EU loan

HELSINKI, Sept 02 (Reuters): Finland's Nokia has secured a 500 million euro ($572 million) loan from the European Investment Bank to step up development of next-generation 5G technology.The next-generation 5G tech is capable of faster speeds, wider coverage and more stable connections.The 5G mobile networks, which are still at an...

China's higher inflation not a big problem

BEIJING, Sept 02 (Reuters): China's higher inflation this year will not present a big problem, said vice-chairman of the National Development Reform Commission (NDRC), Ning Jizhe.Ning made the remarks on the sidelines of a news conference in Beijing when asked if higher inflation was a worry.Price pressures on some food...

Ford abruptly kills plan to sell China-made vehicles in US

DETROIT, Sept 02 (Reuters): Ford Motor Co has abruptly killed a plan to sell a Chinese-made small vehicle in the United States because of the prospect of higher US tariffs.The US automaker's decision came as President Donald Trump is escalating a trade battle with China, threatening to impose duties on...

Renesas may buy US chip maker

TOKYO, Sept 02 (Reuters): Japan's Renesas Electronics Corp is considering buying US chipmaker Integrated Device Technology Inc, a person familiar with the matter said.The potential acquisition, first reported by the Nikkei business daily, comes as Renesas is beefing up its business in chips for self-driving cars.The Nikkei reported that the...

UK mulls banning energy drink sales to children

LONDON, Sept 02 (Reuters): The sale of high-caffeine soft drinks to children could be banned in England, the British government said, citing public health concerns.The so-called 'energy drinks' contain high levels of sugar and caffeine and have been linked to obesity and a range of other health issues."With thousands of...