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

Ctg Port gears up to propel export growth

CHATTOGRAM, Apr 16: With procurement of cargo handling equipment worth Tk 12 billion and construction of new port jetties and container terminal infrastructure facilities in the pipeline, the Chittagong Port is gearing up to help meet the nation's goal of fetching US$ 60 billion in export earnings by 2021.Presently, the...

Govt moves to formulate act to promote jute pulp paper

The government is considering formulating a Jute Pulp Paper Act, aiming to bring back the past glory of golden fibre.The move came following requests from businesses and trade bodies. Earlier, the Dhaka Chamber of Commerce and Industry (DCCI) called on the government to formulate such an act considering the prospects...

Ola to add 10,000 electric three-wheelers to fleet

NEW DELHI, Apr 16 (Reuters): Indian ride-hailing firm Ola, backed by Japan's SoftBank Group, said it will add 10,000 electric three-wheelers to its fleet over the next 12 months as part of a plan to promote the use of electric vehicles.Ola plans to have 1.0 million electric vehicles on offer...

Walkar footwear opens outlet in Rangpur city

Walkar, footwear brand of RFL Group, opened its outlet in Rangpur city recently, says a statement.Numerous stylish footwear including casual shoes, kid's shoes, sports shoes and sandals for people of all segments of the society, are available at the outlet.RN Paul, Managing Director of RFL Group, inaugurated the outlet at...

China approves beef imports from Ireland

DUBLIN, Apr 16 (Reuters): Ireland will become the first European Union (EU) country to gain access to China's fast-growing beef market after its agriculture minister said on Monday that Beijing had approved imports from three Irish processors.Beijing banned imports of beef from European countries and the United States following outbreaks...

JD Wetherspoon drops social media in protest

LONDON, Apr 16 (Reuters): British pubs group JD Wetherspoon closed all its social media accounts on Monday, saying it was taking a stand against an industry accused of misusing personal data and allowing bullying to run rife.Despite a global furore over the harvesting of personal information from Facebook accounts, few...

Noble Group changes debt restructuring deal

SINGAPORE, Apr 16 (Reuters): Singapore-listed Noble Group announced on Monday a "simplified structure" to its controversial $3.4 billion debt restructuring deal and said this had won the support of its founder and biggest shareholder, Richard Elman.Following talks between Noble and a group of senior creditors, the company said all its...

Chinese central SOEs' profit goes up by 19.4pc in Q1

BEIJING, Apr 16 (Xinhua): China's central state-owned enterprises (SOEs) saw their net profits surge 19.4 per cent in the first quarter of the year, China's top SOE regulator said Monday. The total operating revenue of central SOEs increased by 8.7 per cent year on year to 6.4 trillion yuan (about...

S Korea enjoys trade surplus for 74 months in a row

SEOUL, Apr 16 (Xinhua): South Korea's trade balance stayed in the black for 74 months through March thanks to brisk exports coming from strong demand for locally-made semiconductors, customs data showed Monday. Final figure for trade surplus was 6.8 billion U.S. dollars in March, staying in the black since February...

Asia-Pacific boosts cloud capabilities

SINGAPORE CITY, Apr 16: Mature Asia-Pacific (APAC) economies continue to top the Cloud Readiness Index (CRI) 2018 rankings. Developed by the Asia Cloud Computing Association (ACCA), the CRI places Singapore and Hong Kong ahead of much larger APAC markets such as China, India, and Indonesia, says a Media OutReach release.The...

Prime Minister Sheikh Hasina receiving a donation cheque for Tk 50 million from Directors of the United Commercial Bank

Prime Minister Sheikh Hasina receiving a donation cheque for Tk 50 million from Directors of the United Commercial Bank Nurul Islam Chowdhury and Bazal Ahmed for the Prime Minister's Relief and Welfare Fund at Ganobhaban recently

Habibur Rahman, Chairman, Board of Directors of Pubali Bank, handing over a donation cheque for Tk 50 million to Prime Minister Sheikh Hasina

Habibur Rahman, Chairman, Board of Directors of Pubali Bank, handing over a donation cheque for Tk 50 million to Prime Minister Sheikh Hasina for the Prime Minister's Relief Fund at Ganobhaban in the city recently

Chairman of The Premier Bank Dr. HBM Iqbal handing over a donation cheque

Chairman of The Premier Bank Dr. HBM Iqbal handing over a donation cheque for Tk 50 million to Prime Minister Sheikh Hasina for the Prime Minister's Relief and Welfare Fund at Ganobhaban in the city recently

Chairman of the Executive Committee of the Board of Directors of Shahjalal Islami Bank nwer Hossain Khan handing over a donation cheque

Chairman of the Executive Committee of the Board of Directors of Shahjalal Islami Bank Anwer Hossain Khan handing over a donation cheque for Tk 50 million to Prime Minister Sheikh Hasina for the PM's Relief Fund at Ganobhaban