Business

Int’l RMG expo from Jan 18

Business Live: Four day international sourcing trade shows on Ready Made Garment (RMG) industry will begin on January 18 in the city. Commerce Minister Tofail Ahmed will inaugurate the tradeshows as the chief guest while Dhaka North City Corporation (DNCC) Mayor Annisul Huq will be the Special Guest, said a press release. Zakaria Trade and Fair International, ASK Trade and Exhibitions... details

Govt to continue supporting development of stock market

Live Correspondent: Prime Minister Sheikh Hasina inaugurated the countrywide "Financial Literacy Programme" for the stock market investors, the first of its kind in Bangladesh, assuring that her government would continue its allout support for the development of the stock market. "The present government would continue its allout support for the development of the stock market which would... details

Islami Bank inaugurates 316th branch

Business Live: Islami Bank Bangladesh Limited opened its 316th Branch at Bhaluka of Mymensingh. Professor Dr. M. Amanullah, MP, Mymensingh-11 inaugurated the branch on Tuesday as chief guest. Presided over by Mohammad Abdul Mannan, Managing Director & CEO, the program was addressed by Borhan Uddin Ahmed, Director and Dr. Mohammad Manzur-e-Elahi, Member, Shariah Supervisory Committee as... details

SEIP to produce five lakh skilled

Live Correspondent: The government has been implementing the Skills for Employment Investment Programme (SEIP) to produce five lakh skilled workforce by the year 2020. The information was disclosed at a consultation workshop on 'Sharing Social Marketing Strategy (SMS)' of SEIP organised by the Finance Division of the Ministry of Finance here on Monday. People's Initiative for Advancement,... details

Japan cuts GDP growth for third quarter

Live Correspondent: Japan's economy grew less than expected in the third quarter with a 0.3 percent expansion, revised data showed Thursday, a number that will likely fan fears that Tokyo's growth plan has run out of steam. The latest figures were lower than an initial estimate of 0.5 percent growth in the July-September period, largely due to a slump in corporate investment. The weak... details

Fitch drops S. Africa outlook to negative

Business Live: International credit rating firm Fitch dropped its outlook for South Africa from stable to negative on Friday, citing the country's recent political turmoil under President Jacob Zuma. Zuma has been engulfed by graft scandals and a power struggle with Finance Minister Pravin Gordhan, while economic growth has fallen to 0.5 percent and unemployment hit a 13-year high.... details

Bank Asia to pay RMG staff

Live Correspondent: Bank Asia will pay online the wages and other benefits of the employees and workers of two major apparel factories situated in Gazipur. A Memorandum of Understanding (MoU) was signed today between Bank Asia and CARE Bangladesh, an international voluntary organization, to introduce the online payment system. The MoU signing ceremony was held at the corporate office of... details

Facebook authorizes $6 bn share

Business Live: Facebook's board of directors on Friday authorized spending as much as $6 billion to buy back shares in the leading social network. The stock repurchase program would go into effect at the start of next year, potentially allowing Facebook to take advantage of a price dip triggered early this month by word that revenue growth will slow because the company has hit a limit on how... details

TA to boost BD-Sri Lanka trade: Tofail

Business Live: Commerce Minister Tofail Ahmed said Bangladesh could export world-class products to Sri Lanka at low price if the country signs free trade agreement (FTA). "Sri Lanka would be benefited if it imports products like RMG, pharmaceuticals, cement, paper from Bangladesh," he said while addressing the inaugural session of fifth Joint Economic Commission (JEC) meeting in Colombo,... details

Govt. sets goal $5b in 2021 from leather industry: Commerce Minister

Business Live: government has set a goal to export five billion US dollars from the leather and leather goods industry under Vision 2021 which marks the 50 year anniversary of independence. Commerce Minister Tofail Ahmed, MP, disclosed this in a three-day long international exhibition inauguration ceremony titled ‘Leathertech Bangladesh-2016’ held in city’s International Convention... details

Bangladesh invites Greek to explore investment capacities

Business Live: Bangladesh has invited Greek businesses to take the chance to search the investment capacities in Bangladesh as it is mounting as aneconomic hub in the South Asian bloc. ShahidulHaque,Foreign Secretary of Bangladesh carriedout the invitation during a political consultation held between Bangladesh and Greece at the State guesthouse Meghna on Sunday. The second political... details

Bangladesh appoints six local, foreign consultants

Live Correspondent: OVE-ARUP and Partners Hong Kong Limited and Bangladesh's ACI Consultant Limited, Development Consultant Limited and Strategic Consulting Company Limited will assist them. Road Transport and Bridges Minister witnessed the signing of the Tk 2.91 billion deal between the Bridges Division and the six firms on Wednesday. The contracts will run 60 months. A loan deal of... details

World Bank President Kim visits Bangabandhu Memorial Museum

Live Correspondent: The architect of Bangladesh, Sheikh Mujibur Rahman, was assassinated along with most of his family members on the fateful night of Aug 15, 1975 in that house. His daughters Sheikh Hasina, current prime minister, and Sheikh Rehana were saved because they were abroad at that time. An official of the Museum told bdnews24.com that Kim arrived at the Museum at around 10:... details