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

Renata wins EU nod for drug exports

Renata's export horizon will expand further as it has secured approval of the European Union months after an audit by European auditors of one of its production units. In a stock exchange filing on Wednesday, the listed drug maker disclosed that its Rajendrapur production unit had received European Union Good...

LR Global asked to withdraw "illegitimate" investments from bdnews24.com

The securities regulator has asked LR Global Bangladesh Asset Management Company to withdraw "illegitimate" investments worth Tk 490 million from online media platform bdnews24.com, made by diverting cash from six mutual funds. The asset manager has 30 days to comply with the order issued by the Bangladesh Securities and Exchange...

NPA to introduce 'Islamic Version' of pension scheme to expand coverage

Bangladesh's National Pension Authority (NPA) is set to introduce an "Islamic version" of its universal pension scheme to increase its acceptance and uptake among the devout Muslims.This initiative aims to launch Islamic versions for all four existing schemes: Probash, Progoti, Shurokkha, and Somota, reports UNB.To facilitate this, an international consultant...

FBCCI marks July Martyrs' Day

The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) held a doa and milad mahfil on Wednesday, marking the July Martyrs' Day in commemoration of the sacrifices of the July martyrs, reports BSS.The doa and milad mahfil was held at the FBCCI office in the capital's Motijheel area. FBCCI...

Indonesia clinches US trade deal, terms Trump 'tough negotiator'

JAKARTA, July 16 (Reuters): Indonesia's president said US counterpart Donald Trump was a "tough negotiator" after the two countries reached a trade deal that led to a reduction of proposed tariff rates to 19% from 32%.The deal is among only a handful reached so far by the Trump administration ahead...

Tributes paid to Simon Groot

The Bangladesh Seed Association (BSA) organised a heartfelt memorial event to celebrate the life and contributions of Simon Nanne Groot, the visionary founder of East-West Seed and the distinguished 2019 World Food Prize laureate, on Tuesday. The event, held at the BSA's office at Unique Heights in Dhaka, brought together...

Modhumoti Bank distributes agri loans in Partnership with SEHEO

Modhumoti Bank in association with SEHEO (Socio Economic Health Education Organisation) organised an open agricultural loan and food distribution programme recently for 500 marginal farmers. Loans were disbursed to help build capacity of small-scale farmers.

Prime Bank Hosts Engagement Session with Corporate clients

Prime Bank recently organised an engagement session with corporate banking customers, bringing together prominent clients for a day of interaction, dialogue and shared perspectives on the evolving business landscape. The conference was graced by Prime Bank's CEO Hassan O. Rashid, who engaged directly with customers, reinforcing the bank's commitment to...

GOOD NEIGHBORS TO GET INSURANCE SERVICES FROM METLIFE

Good Neighbors Bangladesh, an international humanitarian development NGO, recently signed a contract with MetLife to provide insurance facilities to their employees in Bangladesh. As part of this contract, 248 employees of Good Neighbors will receive insurance coverage for the loss of life and medical coverage. The agreement was signed by...

COMMUNITY BANK SIGNS AGREEMENT WITH WEST ZONE POWER DISTRIBUTION CO

A three-year agreement has been signed between Community Bank Bangladesh PLC and West Zone Power Distribution Company Limited (WZPDB) to collect all types of electricity bills in the western region. Md. Azizur Rahman, General Manager of Finance Department of WZPDB, and Kimiwa Saddat, Managing Director (Current Charge) of Community Bank,...

UK lifts ban on Pakistani airlines after five years

LONDON, July 16 (Reuters): Britain has lifted a five-year ban on Pakistani airlines, allowing them to apply to resume UK flights just as Islamabad steps up efforts to privatise its national carrier, Pakistan International Airlines.The ban was imposed in 2020, days after Pakistan launched an investigation into the validity of...

Central banks ramp up buying at euro zone bond sales

LONDON, July 16 (Reuters): Central banks have ramped up buying at euro zone bonds sales this year, data shows, in a positive sign for the euro as the bloc looks to benefit from diversification away from US markets.US President Donald Trump's confrontations with longstanding allies over trade and security, along...

Investors seek protection from risk of Fed chief's ouster

NEW YORK, July 16 (Reuters): President Donald Trump's renewed calls for Federal Reserve Chair Jerome Powell's resignation have prompted investors to protect portfolios against the risk of higher inflation, as a central bank more willing to lower interest rates could fuel price rises and make lenders demand higher compensation to...

Asian bonds see first monthly foreign outflow in 5 months

Foreign investors pulled funds from Asian bonds in June for the first time in five months, as concerns over a US tariff deadline and heightened tensions in the Middle East weighed on sentiment, reports Reuters.They divested a net $2.11 billion worth of local bonds during the month, registering the first...