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

Teletalk to face fine for selling 'pre-activated SIM cards'

Bangladesh Telecomm-unication Regulatory Com-mission (BTRC) is going to take punitive action against state-owned mobile operator Teletalk for allegedly selling pre-activated SIM cards at Rangpur customer care using fake identities.A SIM is activated following verification of identities of the owner. In this case, the SIMs were pre-activated with fake identities before...

Global consultancy to help local cos build brands

International franchising solutions provider FranGlobal is going to organise the first international franchise and retail expo in Bangladesh next month. The event will see the participation from more than 50 international and local brands from different industries, showcasing their franchise opportunities.It will also feature knowledge-sharing sessions by industry experts from...

KL team shows interest in ICT investments

Newly-elected president of the Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI) Syed Moazzam Hossain welcomed a 10-member business delegation from Malaysia led by Dato' Tan Seng Sung of TC Management Service Corporation in BMCCI Office here. Moazzam Hossain initiated the discussion and briefed the forthcoming plan of activities of the...

Consul urges local businesses to invest in Kyrgyzstan

Bangladesh entrepreneurs can invest in Kyrgyzstan directly or under Kyrgyz-Bangladesh joint venture (JV) as loan facilities are available for JV there.Besides, workers from Bangladesh can be employed through such JV initiatives.Honorary Consul of Bangladesh in Kyrgyzstan Temirbek Erkinov said this during his meeting with leaders of the Federation of Bangladesh...

$245m deal with WB today

The government is set to sign a US $245 million additional loan agreement with the World Bank (WB) to ensure equity, efficiency and transparency in safety-net programmes.Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and World Bank country director Qimiao Fan will sign the agreement on behalf of their respective...

BGMEA distributes insurance cheques to RMG workers' nominees

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has distributed cheques of group insurance to nominees of workers and employees of ready-made garment factories, who died while doing jobs in their respective RMG units, says a statement.BGMEA President Md Siddiqur Rahman handed over the group insurance cheques to the nominees...

80pc of public procurement comes under e-GP

The electronic government procurement (e-GP) till date witnessed an exponential growth since its introduction in 2011 to conduct public procurement online as about 80 per cent of country's total public procurement up to the value of Tk 1.0 billion (Tk 100 crore) has come under e-GP till December 2017."The reason...

German industrial orders dip in November

FRANKFURT AM MAIN, Jan 8 (AFP): Industrial orders in Germany fell in November, data showed on Monday, but not enough to derail the growth outlook for Europe's biggest economy, analysts said.Industrial orders fell by 0.4 per cent in November from the preceding month, the federal statistics office Destatis calculated in...

ICAB Dhaka gets new chairman, secy

Md Ali Akther Rezvi FCA, Md Jasim Uddin FCA Md Ali Akther Rezvi FCA and Md Jasim Uddin FCA have been elected Chairman and Secretary respectively of the Dhaka Regional Committee of the Institute of Chartered Accountants of Bangladesh (DRC-ICAB), says a statement.They were elected in the Annual General Meeting...

Annual business conference of Modhumoti Bank Limited

The annual business conference of Modhumoti Bank Limited was held on Monday in Dhaka. Sheikh Fazle Noor Taposh, Chairman of Executive Committee of the Board of Directors of Modhumoti Bank Limited (MMBL) inaugurated the conference as the chief guest. Vice-chairman of Anwar Jute Spinning Mills Limited Manwar Hossain was present...

Launching ceremony of jeera-flavoured sparkling beverage of Coca-Cola

Shadab Khan, Managing Director of Coca-Cola Bangladesh Ltd., Tapas Kumar Mondal, Managing Director of International Beverages Private Ltd., and Robbert West, CEO of Abdul Monem Beverages Limited, attended Sunday the launching ceremony of jeera-flavoured sparkling beverage of Coca-Cola in Dhaka.

ROK sees speedy trade talks with US, but 'uphill battle' ahead

OSONG (South Korea), Jan 8 (Reuters): South Korea's trade ministry said on Monday it anticipates an "uphill battle" to revise its bilateral trade deal with the United States, but it expects Washington to proceed with the talks in a speedy manner. Trade Minister Kim Hyun-chong said that in the first...

Qatar Airways announces global sales campaign

Qatar Airways has announced its first global sales campaign of the year, the popular 'Global Travel Boutique', offering passengers discounts across all of the award-winning airline's cabin classes -- Economy, Business Class and First Class, says a press statement.The promotion will also provide passengers with the opportunity to win fantastic...

Ford plans launch of diesel truck to grab fuel economy edge

DETROIT, Jan 8 (Reuters): Ford Motor Co plans this spring to offer a diesel engine version of its best-selling F-150 pickup truck, looking to gain a marketing edge as its main rivals ramp up more efficient pickups of their own.Ford executives said they expect the F-150 diesel model with a...