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

RMG units to invest $2.0b in MEZ, create 0.5m jobs

Apparel makers are likely to invest a total of US$ 2.0 billion at the proposed garments park in Chittagong's Mirsarai Economic Zone (MEZ), creating around 0.5 million job opportunities there. Land for setting up garment factories in the country's largest economic zone (EZ) is expected to be ready by this...

BD not yet ready for fourth industrial revolution: Experts

Bangladesh needs to adopt proper policy, develop infrastructure and reform the education system in order to benefit from the Fourth Industrial Revolution, experts at a discussion said on Wednesday. Though digital industrialisation helps increase production, reduce trade cost, enhance competitiveness and improve global supply and value chain, Bangladesh is not...

'Create skilled manpower, develop infrastructure to face challenges'

Plastic goods manufacturers on Wednesday suggested the government should create skilled manpower and develop infrastructure to face challenges confronting the country following its graduation from the LDC status. "As we became eligible for graduation from the LDC to a developing nation, we have to deal with various challenges," president of...

News Briefs-(22-03-2018)

LDC graduation not final story of success: Atiur Former Bangladesh Bank governor Atiur Rahman has said that the people have to "prepare" themselves through human resources development before the country becomes a developed nation by 2041. "We are joining the developing nation club from the status of a least developed...

Modhumoti Bank Limited and Credit Rating Agency of Bangladesh Ltd., exchanging documents after signing agreement

Md Shafiul Azam, Managing Director and CEO of Modhumoti Bank Limited, and Hamidul Haq, Managing Director of Credit Rating Agency of Bangladesh Ltd., exchanging documents after signing an agreement at the head office of the bank in the city recently

Loesche GmbH of Germany visit Aman Group office

Dr Thomas Loesche, Chairman of Loesche GmbH of Germany, posing with Aman Group Chairman Rafiqual Islam and other officials during his visit to the Aman Group office in Dhaka recently

No job pact for 73pc RMG workers in Dhaka, Gazipur

Nearly 73 per cent of the surveyed ready-made garment (RMG) workers in Dhaka and Gazipur did not get any job contract, while the rate is 59 per cent for the workers in Chittagong and Narayanganj, according to a latest survey. However, the percentage in terms of getting identity card is...

Quick move on redeeming China's buying bid

Amid some faster developments, the board of directors of Dhaka bourse asked Wednesday its management to submit to the regulator a revised Chinese consortium proposal for buying a stake in the stock-market. Officials said the management was told to do it forthwith as per the regulatory instructions that had stalled...

Govt confident of generating 12,000MW power to meet summer demand: Nasrul

State Minister for the Ministry of Power, Energy and Mineral Resources (MPEMR) Nasrul Hamid said Wednesday the government would have no problem in supplying electricity in the coming summer.The country has already generated the highest 10,084 megawatt (MW) of electricity on March 19, he said.Mr Hamid was speaking at a...

Safe food to be key branding for processing industries: Speakers

Safe food will be the key branding for the country's food processing industries in the near future as awareness about safe food has been increasing day by day among the consumers alongside their income, say speakers.They made the observation on Wednesday at the launching of the four-day 'International Food and...

Contract farming, fixed rent lease affecting soil fertility, says study

The existing contract farming and fixed rent leasing systems are affecting soil fertility and violating the rights of landless and marginal farmers, according to a study.About 2.0 per cent of the country's agricultural lands are becoming barren due to the present contract farming and fixed rent leasing systems, said the...

China's shared bikes generate 221.3 bn yuan in revenue

BEIJING, Mar 21: China's bike sharing industry generated revenue of 221.3 billion yuan ($ 35 billion) in 2017, said a recent report, offering a glimpse into the booming service that emerged since later 2015.The shared bikes have not only provided a solution to meet the residents' transportation demands with the...

Kuwait wants more investment

KUWAIT CITY, Mar 21 (Xinhua): Kuwait on Tuesday called on Chinese investors to increase investment in the country. The call was issued by Rabah Al-Rabah, director general of Kuwaiti Chamber of Commerce and Industry, at the second Kuwait Investment Forum, which kicked off Tuesday in Bayan Palace in Kuwait City....

EU will unveil proposals for digital tax on US tech giants

BRUSSELS, Mar 21 (Agencies): The EU will unveil proposals for a digital tax on US tech giants on Wednesday, bringing yet more turmoil to Facebook after revelations over misused data of 50 million users shocked the world. The special tax is the latest measure by the 28-nation European Union to...

Photo at the Bangladesh stall of the International Tourism Fair-2018 in Madrid

From left to right: Additional Secretary of Bangladesh Tourism Board (BTB) Nihkir Ranjan Roy, country's Commercial Councilor to Spain Nabid Shafiullah, envoy to Spain Mahmud Khandakar, BTB Deputy Director Md Touhidul Islam and Additional Secretary of Tourism Ministry Md Imran posing for photo at the Bangladesh stall of the International...