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

Shrimp gradually losing global market share

Bangladesh's shrimp is gradually losing global market share because of declining production of local species and failure to introduce farming of small-sized vannamei, experts said.Exports of locally-produced shrimp have declined to $446 million in fiscal year (FY) 2016-17 from $550 million in FY 2013-14, they pointed out.The observations were made...

Invest in power betting on developed nation prospects

Prime Minister's energy affairs adviser sought on Tuesday overseas investments in the power and energy sector to help achieve the goal of being a developed nation by 2041.The country would require generating around 60,000 megawatts (mw) of electricity by then, said Dr Tawfiq-e-Elahi Chowdhury.Mr Chowdhury made the comments while speaking...

BUP urges govt to craft guideline for best use of fund

Bangladesh Unnayan Parishad (BUP) on Tuesday lauded the proposed increase in gender budget allocation for fiscal year (FY) 2018-19. It urged the government to formulate a guideline to ensure the best use of the fund.The research organisation also placed a set of recommendations to ensure women's rights through proper implementation...

Jet launches one more Dhaka-Delhi direct flight

Jet Airways, India's international premier airliner, launched an additional direct flight between Dhaka and Delhi on Tuesday, says a press statement. The planned expansion -- including a four-day-a-week operation on Mondays, Tuesdays, Wednesdays and Saturdays -- is in line with the airline's 'Think India, Think Jet Airways' policy, it said.This...

BD seeks price hike of apparel products

Bangladesh has urged for increasing prices of its readymade garment (RMG) considering huge investment made by apparel manufacturers that helped improve safety measures and working environment."We've modernised the (RMG) factories. We've ensured building and fire safety with an improved working environment in place," Commerce Minister Tofail Ahmed said, reports UNB."Owners...

BIFFL distributes relief in Chattogram

The Bangladesh Infrastructure Finance Fund Limited (BIFFL) distributed relief materials to the flood-affected people of two upazilas in Chattogram district recently, says a statement.Severe flood, triggered by incessant rainfall in the last several days, has inundated low-lying areas of the southeastern district, including Fatikchhari and Hathazari upazilas.The flood has caused...

Chubb enhances cyber incident response capabilities globally

Chubb has enhanced its cyber incident response management capabilities and launched two new ways of accessing the service - a mobile application and a dedicated website. The world's largest publicly-traded property and casualty insurance company made the announcement on Tuesday in the wake of the threat of cyber risks.Commercial enterprises...

Investment in UK car industry halves on Brexit uncertainty

Investment in the UK motor industry has halved in the first half of 2018, as uncertainty about the future post-Brexit hits spending, according to a research.The Society of Motor Manufacturers and Traders (SMMT) conducted the research, reports The Independent of The UK. Turnover in automotive manufacturing increased by 5.3 per...

Managing Director of ACI-CB Syed Alamgir and GroupM Managing Director Morshed Alam exchanging documents

Managing Director of ACI-CB Syed Alamgir and GroupM Managing Director Morshed Alam exchanging documents after the signing of an agreement in the city recently between the ACI, one of the largest conglomerates in Bangladesh, and the MBA, a sister concern of global media agency GroupM, on media investment management for...

Toyota gives Corolla sporty makeover

Toyota has given the Corolla a major makeover and launched it in Japan on Tuesday in hopes that a sporty silhouette and new interactive functions will draw in younger buyers.One of the best-selling cars in the world, Corolla is ubiquitous among first-time drivers and university students in North America, reports...