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

NBR expands duty benefit on import of RMG fire safety tools

National Board of Revenue (NBR) has extended the duty benefit on import of fire safety equipment by the export-oriented ready-made garment (RMG) industries to help them comply with the safety rules.It has also relaxed the condition of importing the materials under the benefit by scraping the provision of availing the...

BD, S'pore trade bodies sign MoUs

SINGAPORE, Mar 13 (BSS): Apex business organisations of Bangladesh and Singapore and the government enterprises have signed four Memorandums of Understanding (MoUs) to foster economic partnership in the future.The instruments were signed at the Bangladesh-Singapore Business Forum-2018 on Tuesday.The first deal was signed between Bangladesh Investment Development Authority (BIDA) and...

Little room for female garment workers in superior role: Study

Representation of female workers at the supervisory level in the readymade garment factories remains poor due to their lack of expertise, training and education, according to a study.Only three to four per cent of female workers hold supervisory positions in the sector although women make up majority of the workforce,...

HSBC marks Int'l Women's Day

The Hongkong and Shanghai Banking Corporation Limited in Bangladesh celebrated the International Women's Day with an event titled 'Celebrating Womanhood', says a press statement. On the occasion, a panel discussion was organised with the theme of 'Press for Progress'. The panellists made a strong call to motivate and unite colleagues...

Millers urge govt to buy raw jute from farmers

The country's private jute millers have requested the government to procure raw jute from the farmers to ensure fair price for their produce.A letter, sent to the Ministry of Textiles and Jute by Bangladesh Jute Mills Corporation (BJMC) recently, stated that cultivators are now deprived of fair prices for their...

China to unveil development plan for Greater Bay Area

BEIJING, Mar 13: A national-level development plan for the Guangdong-Hong Kong-Macao Greater Bay Area will be unveiled soon, putting infrastructure interconnectivity on top of the agenda, Ma Xingrui, governor of southern China's Guangdong province disclosed at a panel discussion during an ongoing session of the 13th National People's Congress (NPC).The...

Green investment rises by 24.61pc

Investments under green initiatives increased by 24.61 per cent or Tk 34,326.75 million as of the October-December quarter of 2017, compared to the previous July-September period, reports BSS."The green banking activities of banks and financial institutions (FIs) in the quarter ended December 31, 2017, evidences upward trend. Bangladesh Bank is...

CHINAPLAS starts in Shanghai Apr 24 with four big concurrent events

SHANGHAI, Mar 13: The four-day 'CHINAPLAS 2018' trade fair will begin in Shanghai on April 24, reports Media OutReach.It says, the development of plastics and rubber technologies has roared ahead like a tiger in recent years and CHINAPLAS, as a leading trade fair, offers a technology-oriented platform for those sectors...

Global economy to see strongest growth in seven years in 2018

PARIS, Mar 13 (Reuters): The global economy will see its strongest growth in seven years in 2018 thanks to a rebound in trade and investment, the OECD said on Tuesday, while also warning a trade war could threaten the improved outlook.Updating its outlook for G20 economies, the Organisation for Economic...

China's trade embraces good start in 2018

BEIJING: China's foreign trade embraced a larger-than-expected increase in the first two months of 2018, with a total value of 4.52 trillion yuan ($714 billion) for goods imports and exports, up 16.7 per cent compared to the same period last year.Exports stood at 2.44 trillion yuan ($386 billion), up 18...

News in Brief(14-03-2018)

Qatar Petroleum announces deal with Abu Dhabi DOHA, Mar 13: State-owned Qatar Petroleum announced Tuesday it has signed a deal with Abu Dhabi to operate the shared Al- Bunduq offshore oil field, despite a bitter diplomatic rift. "We are delighted to sign this concession agreement, which will ensure the continued...