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Dhaka to push for relaxing value addition limit for LDCs to 30pc

Bangladesh will continue to push for its proposal to relax the local value addition criteria of the D-8 Preferential Trade Agreement (PTA) as the trade officials of developing eight (D-8) nations are sitting in Dhaka today (Monday), officials said.They said the country has long been advocating for reducing the local...

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RFL starts exporting electronic bicycle

RFL, a leading business conglomerate, has started exporting electronic bicycle (e-bike), says a statement. A consignment of e-bike has recently been sent to Germany from its factory of Rangpur Metal Industries Limited, a concern of RFL Group, in Habiganj Industrial Park at Shayestaganj in Habiganj.Mahmudur Rahman, Chief Operating Officer at...

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UNDP to support BD for LDC graduation: Stefan Liller

A delegation led by the United Nations Development Program's (UNDP's) resident representative Stefan Liller made a courtesy call on State Minister for Commerce Ahasanul Islam Titu at his secretariat office on Sunday, reports UNB. UNDP Representative Stefan congratulated Titu on his assumption as the Minister of State for Commerce.He (Stefan)...

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StanChart launches Bancassurance

Standard Chartered Bangladesh has announced the launch of its Bancassurance services, a strategic initiative aimed at providing comprehensive financial solutions to customers, in partnership with MetLife Bangladesh. This partnership will enable Standard Chartered's clients to access a wide range of insurance products and services through the bank's extensive network of...

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PRIME BANK UNVEILS CAMPAIGN TO EMPOWER WOMEN

In a significant move to empower the women across different social strata, Prime Bank announced the launch of a new campaign within its woman banking segment, Neera, aptly named 'Narir Joye Neera'. The initiative was unveiled by Munia Khan, consultant at the Policy Research Institute (PRI), and Tanjil Chowdhury, spouse...

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BRAC Bank, J.P. Morgan launch new remittance service

BRAC Bank PLC and J.P. Morgan Payments have launched 'Xpedite Select Receipt' facility to facilitate inward remittance. The 'Xpedite Select Receipt' facility by J.P. Morgan enables customers to conveniently receive remittances in 40 different currencies. This is a secured and fast bank-to-bank process to receive money directly to the customer's...

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IFIC BANK WELCOMES NEWBORNS WITH GOLD COINS

IFIC Bank PLC welcomed the arrival of newborns of its employees by presenting commemorative gold coins. The special event was organised at IFIC Tower's Multipurpose Hall in the capital on Saturday. Managing Director and Chief Executive Officer of the bank Shah A Sarwar was present as the chief guest and...

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SHAHJALAL ISLAMI BANK HOLDS SCHOOL BANKING CONFCE

Shahjalal Islami Bank PLC organised a School Banking Conference-2024 at the International Convention Centre in Chattogram on Saturday. Director of Financial Inclusion Department of Bangladesh Bank (BB) Md Amir Uddin was present as the chief guest and Managing Director of Shahjalal Islami Bank Mosleh Uddin Ahmed presided over the ceremony....

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Spot LNG prices flat as ample inventories weigh

Asian spot liquefied natural gas (LNG) was flat last week to trend at a near three-year low as high inventories kept prices capped, though the slump in prices has attracted some spot demand, reports Reuters.The average LNG price for April delivery into north-east Asia LNG-AS remained at $8.30 per million...

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Yellen sees big jump in US imports from Chile

LA NEGRA, Mar 03 (Reuters): US Treasury Secretary Janet Yellen on Saturday predicted expanding demand for lithium - a core component needed in batteries for electric vehicles - would boost US imports from Chile substantially in coming years.Yellen toured US lithium producer Albemarle in northern Chile on Saturday as she...

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Bank of Beijing ex-chairman under probe for corruption

BEIJING, Mar 03 (AP): The former chairman of the state-owned Bank of Beijing is under investigation for corruption, the latest in a series of graft investigations focused on the country's financial sector.Yan Bingzhu, who led the bank since its establishment in 1996 and until he retired in 2017, is among...

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