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

Apparel leaders push for cash incentive changes to aid spinners

Leaders of the apparel and textile sector have urged the government to overhaul the existing cash incentive structure to enhance the competitiveness of local spinning mills.Without targeted support, the primary textile sector could continue to lose ground amid rising costs and weak global demand, they warn. They have proposed shifting...

Trust Bank and PKSF sign credit guarantee agreement under CES

Trust Bank PLC and Palli Karma-Sahayak Foundation (PKSF) signed a significant Credit Guarantee Agreement under the Credit Enhancement Scheme (CES) in Dhaka recently, aiming to enhance access to formal financial services for micro-entrepreneurs in underserved regions across the country.The agreement was formally signed by Ahsan Zaman Chowdhury, Managing Director &...

CBS upgrade underway at Al-Arafah Islami Bank

The Core Banking System (CBS) upgrade programme of Al-Arafah Islami Bank PLC is underway with the objective of enhancing technological capabilities, building a modern banking infrastructure, and ensuring safer, faster, and uninterrupted banking services for customers.The CBS upgrade programme was officially initiated on 30 January, says a press release.In line...

BRIC to invest $5.32m in agro-processing plant at Jamalpur EZ

Business Research International Corporation (BRIC), a local company, is set to invest $5.32 million in an agro-processing plant at the Jamalpur Economic Zone (EZ) to establish an agro-processing industry.To this end, BRIC inked a land lease agreement with the Bangladesh Economic Zones Authority (BEZA) on Monday at a ceremony held...

Community Bank, Zaytoon Fintech to promote financial inclusion

Community Bank Bangladesh PLC and Zaytoon Fintech Limited have entered into a strategic partnership to deliver integrated digital financial solutions, reinforcing their shared commitment to advancing financial inclusion across Bangladesh.Through the rollout of Bangla QR Merchant Acquiring Services, the collaboration aims to broaden access to secure and seamless banking and...

Call to turn light engineering sector into export-oriented industry

Stakeholders have stressed the need for coordinated and strategic efforts to transform Bangladesh's light engineering sector into a more export-oriented and competitive industry, positioning it as a key driver of the country's next phase of industrialisation.With Bangladesh set to graduate from least-developed country status and gradually lose duty-free market access,...

Japan PM Takaichi must face bond investors before winning over voters

TOKYO, Feb 2 (Reuters): Japanese Prime Minister Sanae Takaichi faces a crucial markets test in the final run-up to a snap election this weekend where she is hoping a decisive victory will give her a mandate for expansionary fiscal policy.The finance ministry will auction some 700 billion yen ($4.5 billion)...