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

Around 4,000 women workers return home in three years

Around 4,000 women workers returned home from Saudi Arabia in last three years allegedly because of workplace exploitation, sources said.Of them, 2,641 women came back home in 2017 while a good number waiting at safe homes and immigration camp in the Arab country.The number of allegedly exploited women migrants would...

Atiur makes case for AI in apparel industry

Collaboration of Human and Robot (Cobots) could be a pathway towards integrating technological innovation in Apparel Industry Bangladesh, said former Bangladesh Bank governor Atiur Rahman. He made the remarks while presenting a keynote speech at the International Conference on the Apparel Industry: Productivity Improvement, Disruptive Innovation and Leadership at a...

Women migrant labourers need alternative market

Migrant rights activists on Wednesday urged the government to explore alternative job markets for women migrant workers as they were being exploited in many ways in the Middle Eastern (ME) countries.They also stressed the need for increasing skilled women workers to enhance their protection and wage benefits abroad.The rights group...

Four new gen Boeing to join Biman fleet in 2018, 2019

(Top) US Boeing company’s new generation 787-8 ‘Dreamliner’ and (bottom) its interior. — File photo Biman Bangladesh Airlines will add four new generation Boeing aircraft 787-8 to its fleet in August and November this year and October and November 2019."An agreement was signed with Boeing Company for procuring 10 new...

Commonwealth Bank interim profit falls on scandal costs

SYDNEY, Feb 7 (AFP): Australia's biggest bank, the Commonwealth, revealed on Wednesday it has put aside Aus$375 million (US$296 million) to pay potential fines from a money laundering scandal as it posted a slide in half-year profit.The lender also booked a Aus$200-million provision to cover a series of compliance and...

Volume of non-oil trade with UAE reaches $1.2b in 2016

ABU DHABI, Feb 07: The ministerial meeting of the fourth session of the UAE-Bangladesh Joint Committee was held in Abu Dhabi, reports WAM.The meeting was chaired by Dr Anwar Gargash, Minister of State for Foreign Affairs, and by Mohammad Abdul Mannan, Bangladesh's State Minister of Finance and Planning.Dr Gargash noted...

Chinese investment in US 'will bring opportunity rather than threats'

Ray Bingham BEIJING, Feb 07 (Xinhua): Chinese investment in the US tech sector could bring more opportunities than threats and should be viewed from the right perspective, according to a U.S. private equity (PE) investment fund. Policymakers may bemoan Chinese investment in U.S. companies, but those same investments can provide...

News Briefs--(8-02-2018)

Palak praises medical outsourcing firm AugmedixBangladeshi outsourcing firm, Augmedix, will contribute to branding country abroad, said State Minister for ICT Zunaid Ahmed Palak. "Skype represents Estonia and Nokia fames Finland worldwide. Similarly, medical start-up Augmedix will uphold Bangladesh with a new identity globally" he added. Zunaid Ahmed Palak made the...

IDCOL receives SAFA Best Presented Annual Report Awards and SAARC Anniversary Awards

Infrastructure Development Company Limited (IDCOL) has received the SAFA Best Presented Annual Report Awards and SAARC Anniversary Awards for corporate governance disclosures-2016. M Maftun Ahmed, company secretary, and M Mizanur Rahman, Unit Head of Finance and Accounts of IDCOL. received the awards from Nepal's Finance Secretary Shankar Prasad Adhikari and...

HSL procures 400 computerised flat knitting machines from STOLL

Bangladesh Country Head of STOLL Thomas Hoffmann and Director and CEO of Hera Sweaters Ltd (HSL) Md Mostaqur Rahman sign an agreement on behalf of their respective companies at Baridhara in the capital recently. Under the deal, HSL will procure 400 computerised flat knitting machines from STOLL.

Malaysia's December export growth slows

KUALA LUMPUR, Feb 07 (Reuters): Malaysia's exports rose at a much slower annual pace for a second consecutive month in December, government data showed on Wednesday, as commodity prices and shipment volumes fell.Exports expanded 4.7 per cent in December from a year earlier, widely missing the 12.4 per cent growth...