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

Submit docs on Export Tracker platform

The Export Promotion Bureau (EPB) asked the registered exporters (REX) to timely submit documents of all export consignments on its Export Tracker platform for proper monitoring and verification.In a recent letter to the exporters, who mainly export goods to the European Union (EU) under its REX System, the EPB also...

Int’l Trade Show on Garment Machinery in Ctg from June 8

The fourth edition of GTB 2023, the Chattogram edition of International Trade Show on Garment Machinery & Allied products, is set to be held from June 8 to 10 at GEC Convention Hall, GEC More, Chattogram.GTB 2023 is a comprehensive technology trade show showcasing the latest in sewing, finishing, laundry,...

Rupali Bank Remittance Service Campaign begins

The state-owned Rupali Bank Limited has taken several initiatives to boost remittance income. As a part of such initiatives, the lottery draw of the first week's campaign titled 'Rupali Bank Remittance Service Programme (Eid Anondo)' was held at the head office of the bank in Dhaka on Sunday.Chairman of Rupali...

Impacts of privity of contract on business contracts in Bangladesh

The privity of contract, also known as 'The Doctrine of Privity', is not much of a talked or practised doctrine in Bangladesh. It is an uncodified doctrine that says that when two parties form a contract, a third party that is not a part of the contract cannot intervene in...

Australia seeks to boost economic ties with Saudi Arabia, says envoy

Eyeing economic opportunities in Saudi Arabia and providing a platform for Australian companies to explore and deepen trade ties with the Kingdom, Trademark Group of Companies opened its office in Riyadh on Saturday, reports Arab News.Trademark Group of Companies is dedicated to helping Australian businesses to expand into Saudi Arabia...

Asian spot LNG prices hit 2-yr low

Asian spot liquefied natural gas (LNG) prices fell for the sixth straight week to Thursday to their lowest level in more than two years, while European LNG prices also declined on weak demand and high inventories, reports Reuters.The average LNG price for July delivery into northeast Asia was down 5.3...

Dhaka Bank signed Engagement Letter with PricewaterhouseCoopers

Dhaka Bank Limited has signed an Engagement Letter with PricewaterhouseCoopers (PwC) Bangladesh Private Limited whereby PwC will perform the quality assurance review of the internal audit functions of Dhaka Bank. Md Mamun Rashid, Managing Director, PwC Bangladesh, and Emranul Huq, Managing Director & CEO, Dhaka Bank, signed the agreement at...

Prime Bank signed a 'Prime Payroll' agreement with Concorde Garments Group

Prime Bank signed a 'Prime Payroll' agreement with Concorde Garments Group recently. Head of Consumer Sales of Prime Bank Mamur Ahmed, and Executive Director of Concorde Garments Group Basher A Khan signed the agreement. Faisal Rahman, additional managing director of Prime Bank and Ahmed Kamal Khan Chowdhury, finance director of...

A five-day hands-on training on Plant Tissue Culture Techniques

A five-day hands-on training on Plant Tissue Culture Techniques organised by Biotechnology Division of Bangladesh Agricultural Research Institute (BARI) was held on Sunday. Eight scientists and officials of several government and private organisations received the training on different topics of tissue culture. BARI Director General Dr Debashish Sarkar inaugurated the...

India's finished steel imports from China hit five-year high

NEW DELHI, June 3 (Reuters): India's finished steel purchases from China touched a five-year high in April, and the country's overall imports of the alloy reached a four-year high, according to provisional government data reviewed by Reuters.In April, China emerged as the second-biggest steel exporter to India by shipping out...

Lankan tourism revenue posts 200pc growth in May

COLOMBO, June 4 (IANS): Sri Lanka's estimated tourism revenue in May saw a remarkable growth of over 200 per cent year-on-year, reaching $131.5 million, according to the latest data from the country's central bank.This impressive increase occurred despite the fact that May is considered an off-peak month for tourist arrivals,...

Loan demand declining as US economic woes weigh

NEW YORK, June 3 (Reuters): JPMorgan Chase & Co's President and Chief Operating Officer Daniel Pinto said loan demand is declining at a time when regional and small banks are also tightening credit."There is no doubt that regional banks and smaller banks are building up liquidity, building capital, so they...

Suez Canal traffic resumes after broken down tanker tugged away

ISMAILIA, Egypt, June 4 (AFP): Egypt deployed three tugboats Sunday to tow away an oil tanker that had broken down and caused brief delays in the Suez Canal, authorities in charge of the vital waterway said.Traffic in both directions returned to normal after a brief disruption when the Malta-flagged Seavigour...

How chocolate could counter climate change

HAMBURG, June 4 (AFP): At a red-brick factory in the German port city of Hamburg, cocoa bean shells go in one end, and out the other comes an amazing black powder with the potential to counter climate change.The substance, dubbed biochar, is produced by heating the cocoa husks in an...

Biden signs debt ceiling bill into law, averting default

WASHINGTON, June 4 (AFP): US President Joe Biden on Saturday signed into law a debt ceiling bill passed by Congress after weeks of wrangling, moving to avert a catastrophic, self-induced default in the world's biggest economy.The Fiscal Responsibility Act of 2023 authorizes the government to extend the so-called debt ceiling...