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

Feasibility study on Ctg-African port feeder service

The government has started conducting a feasibility study on introduction of direct container feeder vessel service between Chittagong and two African ports, officials said.The two ports are Port of Durban in South Africa and Port of Tanger Med in Morocco. A high-powered inter-ministerial body, led by an additional secretary of...

Simplify Thai visa procedure, says Tofail

Commerce Minister Tofail Ahmed on Monday called on the Thai government to provide duty-free access for some Bangladeshi products and simplify the visa procedure.The two-way trade between Bangladesh and Thailand continues to grow and it would be strengthened further in the coming years, the minister said at the inaugural ceremony...

Board drafts min wages for bakery, automobile workers

The wage board for automobile and bakery workers has drafted its proposals, recommending Tk 5,930 and Tk 5,940 as monthly minimum wages for the workers of the two sectors respectively, officials said.The board also proposed a five per cent annual increment for workers in the automobile workshops and the bakery,...

Jakarta trade team arrives this week

A high-powered Indone-sian delegation comprising government officials and businessmen will arrive in Bangladesh this week, seeking to expand bilateral trade and investment between the two countries.Led by Deputy Trade Minister of Indonesia Ms Arlinda, the delegation is scheduled to arrive in Dhaka on April 25.During their stay, the first-ever 'Indonesia...

India mulls investment in BD's three economic zones

CHATTOGRAM, Apr 23: A delegation of Bengal Chamber of Commerce and Industry from Kolkata today visited the Chittagong Chamber of Commerce and Industry (CCCI) at the World Trade Centre in the city.The 15-member delegation of the Indian businesses headed by its president Chandra Shekhar Ghosh is representing industrial sectors like...

‘Cut corporate tax rate for mobile phone operators’

The global trade body of the mobile operators, GSM Association, has called for a reduction in corporate tax rate for the mobile phone operators in Bangladesh, saying that the existing tax rate can negatively impact the future market development.Bangladesh has the highest corporate tax rate in South Asia, at 45...

China should increase 'key imports', say experts

BEIJING: Experts said last week that China should import more consumer goods, high-tech goods and minerals, based on the call from the central government earlier this year to expand China's imports."China should increase the imports of consumer goods that can drive the upgrading of domestic consumption and cater to the...

News Briefs--(24-04-2018)

SM Nurul Hoque REMA Trust reelects chairman SM Nurul Hoque, a veteran business leader, has been reelected chairman of the Research for Education and Management Academy (REMA) Trust for the third consecutive term. As a founder of the institution, he runs Chittagong Laboratory School and College and REMA Teachers Training...

National Life Insurance Company Chairman Morshed Alam MP cutting a cake

National Life Insurance Company Chairman Morshed Alam MP cutting a cake at its head office in the city on Monday, marking the 34th founding anniversary of the company, with its CEO Jamal MA Naser present

GM Korea, union reach tentative wage deal

SEOUL, Apr 23 (Reuters): General Motors' South Korean unit said that it has reached a tentative wage deal with its labour union on Monday, meeting a key condition laid down by the US automaker to prevent it filing for bankruptcy for the loss-making operation.

Union Bank Limited Chairman Shahidul Alam presiding over the 4th Annual General Meeting

Union Bank Limited Chairman Shahidul Alam presiding over the 4th Annual General Meeting of the bank at its Head Office at Gulshan-1 in the capital recently, with Managing Director Omar Farooque and Advisor SM Aminur Rahman present, among others

Modhumoti Bank Limited Chairman Barrister Sheikh Fazle Noor Taposh, MP, presiding over the bank's 70th Executive Committee meeting

Modhumoti Bank Limited Chairman Barrister Sheikh Fazle Noor Taposh, MP, presiding over the bank's 70th Executive Committee meeting in the capital recently, with Managing Director and CEO Md Shafiul Azam, Labib Group Chairman Salahuddin Alamgir, Sharmin Group MD Mohammad Ismail Hossain, and Mona Financial Consultancy & Securities Ltd Director Ahasanul...

Mid-level executives of security/ investment company, banks and financial institutions posing for photo

Mid-level executives of security/ investment company, banks and financial institutions posing for photo with Dhaka University finance department's Prof Mahmood Osman Imam, who took part at the training programme on Fundamentals of Capital Market Services arranged by Financial Excellence Limited (FinExcel) recently in the city

China-Africa Economic, Cultural Week begins to benefit both

GUANGZHOU, Apr 23 (Xinhua): The first China-Africa Economic and Cultural Week opened in south China's Guangzhou on Friday, aiming to serve as a bridge for Sino-African economic and cultural exchanges. A wide variety of activities will be held from April 20 to 26, including photography exhibitions, movie screenings, reading clubs...

Merkel, Nieto hail EU-Mexico agreement

HANOVER, Apr 23 (AFP): German Chancellor Angela Merkel and Mexican President Enrique Pena Nieto, who both face trade tensions with US President Donald Trump, on Sunday praised an EU-Mexico deal to boost economic ties. Pena Nieto also voiced "optimism" that Mexico could reach a deal to overhaul the North American...