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

Foreign investors pull money from stocks ahead of polls

Foreign investors have continued to withdraw funds from Bangladesh's equity market over the past year through November this year amid persistent political and macroeconomic uncertainties.Economic reform measures taken by the interim government after the political changeover had given rise to optimism about a market turnaround, which is why foreign stakes...

CSE revises blue-chip index-

The Chittagong Stock Exchange (CSE) has revised its CSE-30 Index based on the performance of listed companies.The new index will come into effect on December 18. The port city’s bourse reviews the index twice a year.After the latest revision, three companies have been included in the CSE-30 Index, while three...

S&P again rates BRAC Bank as best in Bangladesh

BRAC Bank once again obtained a B+ long-term credit rating with a stable outlook from the world's leading credit rating agency, S&P Global Ratings.This is equivalent to the sovereign rating of Bangladesh. BRAC Bank has continued to achieve the rating for the last nine years, according to a press release."BRAC...

Big push for renewables: 220 MW Sonagazi solar plant gets green light

In a major push toward clean energy, the government has taken up a plan to ramp up renewable power generation and reduce reliance on coal and fuel-based electricity that contributes to environmental degradation, reports UNB.The project titled "Construction of Sonagazi 220MW Solar Power Plant," will be implemented by the Electricity...

Prime Bank Investment signs MoU with Bluenergy and Gtech to boost renewable energy

Prime Bank Investment PLC (PBIL), a leading Bangladeshi investment bank and wholly owned subsidiary of Prime Bank PLC, has recently signed a Memorandum of Understanding (MoU) with the Consortium of Bluenergy Solutions Ltd and Gtech Infrastructure Ltd., two pioneers in solar engineering and industrial clean energy development. The strategic agreement...

Macron threatens China with tariffs over trade surplus

PARIS, Dec 07 (AFP): French President Emmanuel Macron said he has threatened China with tariffs if Beijing fails to take steps to reduce its massive trade surplus with the EU, in remarks published Sunday."I told them that if they don't react, we Europeans will be forced to take strong measures...

MTB INAUGURATes ENTREPRENEURSHIP DEVELOPMENT PROGRAMME IN JASHORE

Mutual Trust Bank (MTB) inaugurated a month-long entrepreneurship programme in Jashore in collaboration with the Bangladesh Bank. Twenty-five entrepreneurs have registered with the programme funded by the Asian Development Bank and implemented by the Ministry of Finance. Husne Ara Shikha, executive director of the Bangladesh Bank, graced the event as...

MODHUMOTI BANK GIVES ELECTRIC CART TO DEPARTMENT OF PRISONS

Modhumoti Bank on Thursday donated a 12-seater electric cart under the bank's corporate social responsibility (CSR) programme to the Department of Prisons to facilitate transportation inside Dhaka Central Jail. Humayun Kabir, chairman of the board of directors of Modhumoti Bank, handed over the key to Colonel Md. Tanvir Hossan, additional...

BANK ASIA ORGANISES REGIONAL WORKSHOP IN JASHORE

Bank Asia, in collaboration with the Bangladesh Financial Intelligence Unit (BFIU), organised a day-long "Regional Workshop on Proactive Transaction Monitoring for Automated Early Alert Generation of Trade-Based Money Laundering" in Jashore. BFIU Additional Director Ruman Ahamed attended the programme as the key resource person, accompanied by joint directors Juaira Haque...

Volkswagen to invest $186b through 2030, CEO says

FRANKFURT, Dec 07 (Reuters): Volkswagen Group plans to invest 160 billion euros ($186 billion) through 2030, its CEO Oliver Blume said, reflecting belt-tightening as Europe's top automaker faces a major crisis in its two key markets, China and the United States.Total spending, updated annually as part of Volkswagen's rolling five-year...