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

BD seeks detailed offers from two Indian firms

Bangladesh has sought detailed proposals from two aspirant Indian suppliers to initiate importing re-gasified LNG (liquefied natural gas) from the neighbouring country."We have sought detailed offers from Indian Oil Corporation Ltd (IOCL) and H-Energy to select the RLNG (re-gasified LNG) supplier finally," Energy and Mineral Resources Division Secretary Md Anisur...

Gender pay gap persists in fishing community: Study

Women workers involved in fish processing are getting 25 per cent less wages compared to their male counterparts, according to a study of a non-government organisation. Besides, 31 per cent women of fishing families do not have an opinion on the purchase of family property while 56 per cent of...

Akter Parvez, a visionary of automobile industry

PHP Automobiles Ltd. is committed to introducing innovative solutions that offer customers delight in areas of sales and service. The 'Talking Car' concept is part of the company's digitisation efforts that will offer a unique and user-friendly experience to its customers for understanding the car and its features.Akter Parvez, Managing...

Pvt firm seeks to export 5,000 tonnes of hilsa

A private firm has requested the government to allow export of 5,000 tonnes of hilsa to different countries in Asia, Middle East, and Europe on the occasion of the birth centenary of Bangabandhu Sheikh Mujibur Rahman, officials said.The firm, Eutech Systems limited, has recently written a letter to the commerce...

Rice bran oil exports to India set to double

Bangladesh's export of rice bran oil to neighbouring India is set to double in 2020-21, according to Indian media report.Bangladesh has already exported 60,000 tonnes to India during the April-October period compared with 75,000 tonnes during the entire 2019-20 fiscal year, the Economic Times reported on Sunday."With the peak season...

Work on deep-sea port begins

CHATTOGRAM, Nov 16: Work on the deep-sea port at Matarbari in Cox's Bazar formally started on Monday. "The foreign consultancy company for the dream project held a meeting with us today and started the work formally," chairman of Chattogram Port Authority (CPA) Rear Admiral S M Abul Kalam said while...

bKash provides ventilators to Police Hospital

bKash, the country's largest mobile financial service provider, has donated six ventilators to Central Police Hospital (CPH), Dhaka, to facilitate the Covid-19 treatment, says a statement. The donation is a part of the ongoing efforts of bKash to provide the leading hospitals with necessary medical equipment.Humayun Kabir, Head of Regulatory...

Parliament passes Marine Fisheries Bill

The 'Marine Fisheries Bill, 2020' was passed in Parliament on Monday with a provision for maximum three-year imprisonment or Tk 50 million fine or both for fishing illegally within Bangladesh's maritime boundary by any foreign national, reports UNB.Fisheries and Livestock Minister SM Rezaul Karim moved the Bill in the House...

Total, CMA CGM complete major LNG operation at Rotterdam

PARIS, Nov 16 (Reuters): French energy company Total and container shipping group CMA CGM announced on Monday that they had completed a major liquefied natural gas (LNG) bunkering operation at the Port of Rotterdam.The companies said a 23,000 'TEU' (twenty foot equivalent unit) containership received around 17,300 m3 of LNG,...

China's factory output beats forecasts as Asia shakes off Covid slump

China's factory output rose faster-than-expected in October and retail sales sped up, as the recovery in the world's second-largest economy from its Covid-19 slump gathered momentum, reports Reuters.Industrial production climbed 6.9 per cent in October from a year earlier, data from the National Statistics Bureau showed on Monday, in line...

Global Mobile Broadband Forum ends

The 11th Global Mobile Broadband Forum (MBBF) has successfully concluded recently in Shanghai, China, says a statement.The ICT product and solution leader, Huawei, has gathered global carriers, industry chain partners, vertical leaders, and research organisations together at this open online forum to discuss the possibilities of 5G and share its...

Islami Bank Bangladesh inaugurated 13 sub-branches in Dhamrai Bazar

Islami Bank Bangladesh Limited inaugurated 13 sub-branches in Dhamrai Bazar, Chiriakhana Road, Faidabad, Urdu Road, Rayerbag and Meradia of Dhaka, Baluchora of Chattogram, Mirer Bazar and Shafipur Bazar of Gazipur, Nathullabad and Banglabazar of Barishal, Moilapota Mor of Khulna and Jajira of Shariatpur virtually on Monday, says a statement. Md....

Biden to focus on reviving a pandemic-hit US economy

WILMINGTON, Del./WASHINGTON, Nov 16 (Reuters): President-elect Joe Biden on Monday will focus on reviving a pandemic-battered US economy as he prepares to take office, as outgoing President Donald Trump promised more lawsuits of the type that so far have failed to alter his election defeat.With the number of coronavirus cases...

Trade barriers will be dismantled under Biden

BERLIN, Nov 16 (Reuters): Germany hopes that trade barriers between the United States and Europe will be dismantled once the new administration under President-elect Joe Biden takes office, German Economy Minister Peter Altmaier said on Monday."I hope from the bottom of my heart that the new US administration will help...

No covid on NZ meat product exports

WELLINGTON, Nov 16 (Reuters): New Zealand Prime Minister Jacinda Ardern said on Monday she was confident no meat products were exported from the country with COVID-19, after Chinese authorities said they had detected coronavirus on its frozen beef products.The Chinese city of Jinan said over the weekend it had found...