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

Move to boost expats' investment

The government has taken a move to boost investment of Bangladeshi expatriates to help bolster the country's economy, officials said.To this end, they said, Department of National Savings (DNS) will collect overall information about current and future investors of existing bonds to fix up strategies for increasing sales of such...

BGMEA seeks Tk 55m from WTO trade facilitation fund

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has initiated a move to conduct researches on select topics like innovation, product development and value addition for future sustainability of the readymade garment (RMG) sector, sources said.The trade body in a proposal to commerce ministry sought TK 55 million from the enhanced...

Thrust on strict monitoring to timely execute ADP projects under MoS

State Minister for Shipping Khalid Mahmud Chowdhury on Monday called upon the officials to apply strict monitoring for timely implementation of the ministry's projects under annual development programme (ADP). The directive came at a meeting on revised ADP at the conference room of the Ministry of Shipping (MoS).The meeting reviewed...

Three-day business festival ends at St. Joseph

Josephite Business Club of the St. Joseph Higher Secondary School has recently arranged a three-day business festival to showcase the knowledge of youngsters about business world, said a press release.The festival, titled 2nd Josephite Entrepreneurs' Den 2019, started on Thursday and continued until Saturday on the campus of St. Joseph...

BD to import Australian gas, coal

Bangladesh plans to become a major customer of Australian coal and gas, according to a report by www.afr.com.It quoted the high commissioner of Bangladesh to Australia as saying Australia has a "blind spot" on the economic and strategic opportunities the rapidly developing country offers.High Commissioner Mohammad Sufiur Rahman has said...

Dutch envoy for positively branding BD RMG sector

The stakeholders of Bangladesh's readymade garment (RMG) sector will focus on establishing positive branding of the country's apparel industry in the world, hoped The Netherlands ambassador in Dhaka.Envoy Harry Verweij expressed the hope while visiting Plummy Fashions Ltd, the country's first globally-certified green knitwear factory, in Narayanganj on Monday.According a...

APO formulates master plan to increase productivity

Japan-based Asian Productivity Organisation (APO) has formulated a master plan for the next 10-year to increase productivity in the country's different sectors, including industry, service and agriculture.APO Secretary General Dr Santi Kanoktanaporn handed over the "Bangladesh National Productivity Master Plan 2021-2030" to Industries Minister Nurul Majid Mahmud Humayun at a...

Standard Bank gets new director

Kazi Khurram Ahmed, a shareholder of Standard Bank Limited, has been elected director of bank recently, says a statement.He was unanimously elected director of the bank by the shareholders during the bank's 20th Annual General Meeting (AGM) in the city recently.Khurram Ahmed is the proprietor of Ahmed & Sons and...

PepsiCo to buy Pioneer Food for $1.7 billion

JOHANNESBURG, July 22 (Reuters): PepsiCo has struck a deal to buy South Africa's Pioneer Food Group for $1.7 billion, the companies said, lifting Pioneer's shares and boosting a sector that has been hit by drought and tough trading conditions.The US drinks and snack group said that Pioneer's product portfolio was...

Malaysia says 2020 fiscal deficit target a 'challenge'

KUALA LUMPUR, July 22 (Reuters): Malaysia will find it challenging to meet its three per cent fiscal deficit target for next year due to uncertainties around the US-China trade war, the finance minister told Reuters in an interview on Monday.Southeast Asia's third-largest economy is dealing with a debt pile of...

Chinese economy to grow further despite US-China trade dispute, experts say

AMMAN, July 22 (Xinhua): Jordanian experts said on Sunday that the Chinese economy will witness further growth despite the US-China trade frictions."China is a strong exporter and has strong ties with Latin America, Africa, Russia, Europe and Asia, and this enabled the Chinese economy to overcome the negative impact of...

UK parliamentary body questions StanChart's remuneration policy

HONG KONG, July 22 (Reuters): The head of the British parliament's Work and Pensions Committee has written to the chair of Standard Chartered Plc's remuneration committee questioning the bank's executive pension pay levels after more than a third of shareholders voted against its directors' remuneration policy.In the letter written on...

Hyundai Motor lays out US recovery plan

SEOUL, July 22 (Reuters): South Korea's Hyundai Motor Co laid out its US sales turnaround plan on Monday with an expanded line-up of sport-utility vehicles (SUV), after posting its biggest quarterly profit jump in seven years.The automaker forecast its US market share to begin rising again from this year, targeting...

Commerce minister Tipu Munshi (2nd from left)

Commerce minister Tipu Munshi (2nd from left), senior secretary of commerce Md Mofizul Islam (left), Canadian high commissioner to Bangladesh Benoit Prefontain (2nd from right) and CanCham Bangladesh president Masud Rahman (right) posing after the CanCham leaders called on the minister at his office on Sunday to discuss issues of...

P. K. Bhattacharya

P. K. Bhattacharya, Regional Controller of Mines, Indian Bureau of Mines (IBM), handing over the "Outstanding Achievement Award" to representatives of Lafarge Umiam Mining Private Limited (LUMPL), a subsidiary of LafargeHolcim Bangladesh Limited, at the 10th Mines Environment and Mineral Conservation Week (MEMCW) 2018-19 recently. LUMPL won the prestigious award...