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

RHD set to complete work ahead of schedule

Roads and Highways Department (RHD) is set to complete the construction work of second Kanchpur, second Meghna and second Gumti bridges on Dhaka-Chittagong highway by December next, six months ahead of the schedule. Officials said the construction work on substructures of the three important bridges has already been completed and...

Govt to launch automation in migrant workers' recruitment

The government has planned to introduce automation system in workers' recruitment to help reduce their migration cost as well as to ensure transparency and accountability in the process.As a part of the move, the government has already introduced immigration clearance through smart card with biometric impression, said Expatriates' Welfare and...

Freelancers look to PayPal boost to tap full potential

The growing number of freelancers across the country reiterated their call for introducing full-fledged online payment service of PayPal in Bangladesh.They, however, admitted to have witnessed some positive impacts of the Paypal's Xoom service launched in the country last year although a section of freelancers voiced concern as this service...

Govt allows export of uncut low-grade jute

The government has allowed export of uncut low-grade jute, the shipment procedures of which had been completed before a ban on its export was imposed.In a circular on Monday, the Ministry of Textiles and Jute said the shipment of Bangla Tossa Rejection (BTR) variety and Bangla White Rejection (BWR) variety...

Youths' employment must to attain SDGs: Speakers

The government is providing training to jobless youths to reduce unemployment rate in order to meet the Sustainable Development Goals (SDG) and make Bangladesh a middle-income country by 2021, says the youth and sports minister.Biren Sikder said, as part of an initiative to make the youths skilled and provide employment...

Women RMG workers still face harassment at workplace: Study

Women workers in the country' readymade garment (RMG) sector are deprived of their lawful rights and also face various forms of harassment in the workplace, according to a study report released on Monday.The study titled 'State of Rights Implementation for Women Ready Made Garment Workers' was conducted by Karmojibi Nari...

ThreadSol to organise Apparel Tech-Up in Ctg

ThreadSol will organise Apparel Tech-Up Chittagong 2018 to be held at Radisson Blu on March 4. Apparel Tech-Up is a technology seminar organized by ThreadSol in partnership with leading garment manufacturers, technocrats and top technology providers to facilitate discussion on technology for the RMG Industry, said a statement.The topic for...

Khan Bahadur Group to implement project on maritime safety

Mikhael Engineering Construction Limited, a concern of Khan Bahadur Group, will implement a project on maritime distress and navigation systems funded by the Economic Development and Cooperation Fund (EDCF), Exim Bank of Korea, said a statement.The project will make the maritime system digital and improve vessels traffic management resulting in...

ADB chief visits projects

Narsingdi, Feb 27 (UNB): Asian Development Bank (ADB) President Takehiko Nakao on Tuesday visited ADB-assisted projects in power, education, urban infrastructure and rail transport sectors.He visited Kamalpur Haji Zahiruddin School, Ashuganj Power Plant and Narsingdi Pourashava development work.Nakao, who arrived in Dhaka on Monday night on a three-day visit to...

India gives state-run banks 15 days to improve oversight

MUMBAI, Feb 27 (Reuters): India's Finance Ministry set a 15-day deadline on Tuesday for state banks to take action to improve their oversight of operational and technological risks after the country's second-biggest state lender was hit by a $2.0 billion fraud.The directive did not mention Punjab National Bank, but comes...

Bank of England will not 'go soft' on EU insurance rules

LONDON, Feb 27 (Reuters): The Bank of England will not "go soft" on enforcing European Union capital rules for insurers, although it will look at ways to make it easier for new entrants to boost competition in the industry, its deputy governor Sam Woods said on Tuesday.The BoE's Prudential Regulation...

Norway's wealth fund doubled its return on investment in 2017

OSLO, Feb 27 (Reuters): Norway's US $1.0 trillion sovereign wealth fund, the world's largest, doubled its return on investment in 2017, beating its own benchmark, as strong global stock markets boosted the value of the portfolio, it said on Tuesday.The fund earned a return of 13.7 per cent in 2017,...

Microchip Tech in talks to buy Microsemi

NEW YORK, Feb 27 (Reuters): Chipmaker Microchip Technology is in talks to buy Microsemi Corp, the largest US commercial supplier of military and aerospace semiconductor equipment, a source familiar with the matter said on Tuesday.The potential deal will value Microsemi at mid-$60s per share and a deal could be struck...

Disney boss Iger declines to comment on Comcast's bid for Sky

PARIS, Feb 27 (Reuters): Bob Iger, the chief executive of Walt Disney, declined to make any comment to reporters on Tuesday regarding Comcast's US $31 billion bid for Sky.Iger was in Paris on a business trip and was meeting French President Emmanuel Macron.Comcast is challenging Rupert Murdoch's Fox and Iger's...

Faruk chairman, Babul Secy Gen of BJFCI

Faruk Ahmed, Economic Editor of The Daily Observer, and Md Enamul Haque Babul, Special Correspondent of BSS, have been elected Chairman and Secretary General respectively of Bangladesh Journalists' Foundation for Consumers and Investors (BJFCI) at a meeting of senior journalists at the National Press Club on Saturday, according to a...