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

Economists call for exploring 'alternative' finances

Bangladesh needs to explore alternative global financing sources to tackle the looming challenges as it graduates from the Least Developing Country (LDC) in years, experts argued on Thursday. They underlined the need for more investments to reduce the infrastructure gap and nurturing the youth population to harness the demographic dividend,...

Planned urbanisation a must for sustainability

Speakers at a programme on Thursday said the process of urbanisation in Bangladesh has been going on without planning in the first place, making its sustainability vulnerable.They also noted that the city corporations and the municipalities act as both regulator and service provider, which should not be the case. The...

Govt forms new wage board for glass workers

The government has formed a new wage board to review the minimum monthly remuneration of the workers of the glass and silicate industry, officials said. The minimum monthly wages for the industry were fixed at Tk 5,000 last time in 2011, they added. The ministry of labour and employment issued...

Dept of Patent goes online

The country should prepare for its post-middle income period when costs of using foreign copyrights will surge significantly, experts said Thursday. They also suggested raising awareness about patent, design and trademark registration by the innovators and investors to cope with the changing situation. The observations came at the inaugural ceremony...

Consumer rights protection body struggles to reach out to people

Though its journey began seven years back aiming to protect consumer rights, Directorate of National Consumer Rights Protection (DNCRP) has failed to make people aware about its own activities, let alone showing a good performance.However, the rights protection body is now planning to build seven software apps to reach out...

Ministry forms body to craft guidelines for locally-made two, three-wheelers

A move has been taken to prepare a guideline to decide whether a two-wheeler or three-wheeler, built with at least one indigenously-made component, can be considered as locally-manufactured vehicle as the authority concerned often faces problem in dealing with application seeking recognition for this kind of vehicles as locally-made one.The...

BB plans tripartite meeting to strengthen ADR

Bangladesh Bank (BB) is planning to hold a tripartite meeting to find out ways to strengthen the Alternative Dispute Resolution (ADR) system to settle the large number of cases in the banking sector."ADR is gradually becoming a popular process to settle the huge number of cases in the banking sector....

News Briefs (19-01-2018)

Envoy pledges support to boost Dhaka-KL trade ties Malaysian High Commissioner in Dhaka Nur Ashikin Binti Mohd Taib on Thursday assured Bangladeshi businesspeople of providing all possible support to boost bilateral trade and investment between Bangladesh and Malaysia. She made the assurance when the newly-elected members of the Board of...

Metal Agro Limited receiving first prize from Senior Secretary of Agriculture Ministry at Vegetable Fair 2018

Afzal Husain, Senior GM of Metal Agro Limited, receiving the first prize from Senior Secretary of Agriculture Ministry Md. Moinuddin Abdullah at the recently-concluded Vegetable Fair 2018, held in Dhaka

Toshiba reaches deal to help resolve Westinghouse bankruptcy

TOKYO Jan 18 (Reuters): Toshiba Corp said on Thursday it had clinched an agreement to sell its claims in bankrupt US nuclear plant maker Westinghouse Electric Co LLC in a deal that will add $3.7 billion to the Japanese owner's depleted capital base.The Japanese conglomerate has also agreed to transfer...

AB Foods' sugar outlook gets dented by lower EU prices

LONDON, Jan 18 (Reuters): Primark owner Associated British Foods maintained full-year earnings guidance on Thursday, but cautioned revenue and profit at its sugar business would fall by more than previously expected due to lower European Union sugar prices.The group trades from 350 Primark fashion stores and also owns major owns...

Singaporeans against higher taxes to support elderly

SINGAPORE, Jan 18 (Reuters): Singaporeans are not in favour of higher taxes to support their rapidly ageing population, a survey published on Thursday showed, and would prefer the country to tap its national reserves to deal with future social spending increases.Singapore has some of the lowest tax rates in the...

Thai central bank for accommodative monetary policy

BANGKOK, Jan 18 (Reuters): Thailand's central bank said on Thursday its monetary policy committee thought monetary policy should remain accommodative to support economic growth and help inflation get back to the target range.The Bank of Thailand (BOT) forecast headline inflation at 1.1 per cent for 2018, and for consumer prices...

Watchmakers look to make Chinese market tick

GENEVA, Jan 18 (AFP): Watchmakers at the industry's major fair in Geneva this week said they are bringing themselves up to speed in the digital age following China's economic recovery.Through online stores, social networks, and brand new boutiques in China's central cities, manufacturers at the international luxury watchmakers show SIHH...

TVS Auto Bangladesh Limited launches TVS Apache RTR 160 motorcycles

TVS Auto Bangladesh Limited Managing Director J Ekram Hussain launches TVS Apache RTR 160 motorcycles at a ceremony in the capital recently.