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

Runner to take ‘eco-friendly’ two-wheeler market share with Chinese scooters

Runner Automobiles has officially launched the world's top selling "eco-friendly and cost-effective" two-wheeler electric Chinese scooter Yadea's several new models.The launching ceremony was held at the Bangladesh-China Friendship Conference Center on Sunday, introducing Bangladeshi riders to popular models -- T5, M6, Ruibin, and G150P -- along with two newly-added modern...

Pubali Bank poised to embrace cutting-edge technology

Pubali Bank gives utmost priority to embrace the latest technology in the banking industry to meet the super digital banking demands from the Gen-Z populations in the coming decades.Adoption of such digital transformation of the bank's services will not only strengthen its footprint further in the country's banking landscape but...

Ashanur Rahman new DMD of City Bank

City Bank recently appointed Md. Ashanur Rahman as deputy managing director (DMD). Ashanur previously played the role of chief economist and country business manager at the same bank. With over 20 years of banking experience, Ashanur began his career at Mercantile Bank as a management trainee officer in 2004. He...

Foreign experts for market reforms to avoid conflict of interests: CA press secretary

The interim government has planned to hire foreign experts to bring rigorous reforms to the capital market so that undue interference of vested interests can be avoided, said the chief adviser's press secretary. Many vested interests exist within the stock market. Historically, those who had reformed the market protected the...

BTMA demands uninterrupted gas supply to industries

Expressing deep concern over the ongoing poor gas supply, leaders of the country's primary textile mills on Sunday demanded immediate measures to ensure uninterrupted energy supply to industries.They also urged the government to suspend the increased prices of gas for industries and captive power plants, arguing that their operations are...

ACI Motors delivers over 151 Sonalika tractors in a single day

ACI Motors set a new record by delivering over 151 Sonalika tractors in a single day on the Sharsha Mini Stadium in Jashore recently, says a press release.By handing over more than 151 tractors to customers at once, ACI Motors created a memorable milestone in the history of tractor delivery...

MTB, PKSF SIGN DEAL UNDER CREDIT ENHANCEMENT SCHEME

Mutual Trust Bank (MTB) recently signed an agreement with Palli Karma-Sahayak Foundation (PKSF) under the annual guarantee limit of the Credit Enhancement Scheme (CES). This initiative is aimed at strengthening credit risk mitigation support for financial institutions and facilitating greater access to finance for microenterprises and under-served sectors. Syed Mahbubur...

EBL HOSTS SCHOOL BANKING CONFERENCE IN RANGPUR

Eastern Bank (EBL), as the lead bank, recently organised a school banking conference in Rangpur on Saturday, with the participation from 45 banks operating in the district. School students posed for a photograph with the guests from the Bangladesh Bank, Rangpur district education office, EBL and other banks. Md. Rafiqul...

IFIC BANK HOSTS BLOOD DONATION CAMPAIGN

IFIC Bank organised a daylong blood donation campaign in collaboration with Bangladesh Thalassemia Foundation on Thursday to support children suffering from thalassemia. Syed Mansur Mustafa, Managing Director of IFIC Bank, inaugurated the campaign at the Multipurpose Hall of IFIC Tower in Dhaka. Prof Dr. Syeda Masooma Rahman, Vice-Chairman of the...

Dabir-Sohani-Suraiya Foundation provides scholarship for DU students

The Dabir-Sohani-Suraiya Foundation awarded scholarships to meritorious and financially challenged students of Faculty of Business Studies, Dhaka University (DU), at Professor Dr. Abdullah Farouk Multipurpose Hall on Saturday. Prof Dr. Mahmood Osman Imam, Dean of Business Studies Faculty, and Chowdhury Mohammed HanifShoeb, President of the Foundation and Managing Director of...

ONE BANK SIGNS AGREEMENT WITH NATIONAL PENSION AUTHORITY

ONE Bank PLC signed an agreement with the National Pension Authority (NPA) at the Finance Division, Ministry of Finance, at the secretariat recently. Under this agreement, ONE Bank will offer seamless and smooth collection services for all contributors to the National Pension Scheme. Md Mahiuddin Khan, Executive Chairman of the...

Fareast Islami Life Insurance holds 21st AGM

The 21st annual general meeting (AGM) of Fareast Islami Life Insurance Company Limited was held at its head office in the city on Sunday. Chairman of the company Mohammed Fakrul Islam presided over the meeting. Bangladesh Insurance Association President Sayed Ahmed Chowdhury, Vice President Shakhwat Hossain, Fareast Islami Life Insurance...

Adani Group, Reliance pledge more investments in north-eastern India

NEW DELHI, May 25 (Reuters): Indian conglomerates led by billionaires Gautam Adani and Mukesh Ambani said in separate statements on Friday that they will invest more money to develop their projects in the country's northeast region.The Adani Group will invest 500 billion rupees ($5.84 billion) over the next decade to...

Pakistan allocates 2,000MW for bitcoin mining

KARACHI, May 25 (Arab News): The Pakistani government has allocated 2,000 megawatts (MW) of electricity in the first phase of a national initiative to power bitcoin mining and Artificial Intelligence (AI) data centres, the finance ministry announced on Sunday, in a push to transform Pakistan into a global leader in...