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

BD eyes free trade deals with Morocco, Algeria

The government has completed separate feasibility studies on Morocco and Algeria intending to sign Free Trade Agreements (FTAs) with the North African countries, sources said.To this end, the Bangladesh Trade and Tariff Commission (BTTC) has recently submitted the reports to determine the next steps.The African bloc, including Morocco and Algeria,...

Summit's LNG terminal may take 10 more days to resume gas supply: Nasrul Hamid

Summit Group's LNG terminal needs 10 more days to resume operation to supply imported LNG to the national gas grid, reports UNB.State Minister for Power, Energy and Mineral Resources Nasrul Hamid said this on the sidelines of a contract signing ceremony at Biduyt Bhaban in the city on Wednesday. "Summit's...

Cabinet body approves procurement of fertiliser, acid, electric poles

The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved procurement of 100,000 tonnes of fertiliser, 10,000 tonnes of phosphoric acid, and 73,000 pieces of SPC poles.Presided over by Finance Minister Abul Hassan Mahmood Ali, a meeting of the committee at the conference room of the cabinet division at Bangladesh...

Shabbir Ahmed made AMD of Al-Arafah Islami Bank

Al-Arafah Islami Bank (AIB) PLC has appointed eminent banker Shabbir Ahmed as Additional Managing Director (AMD). He has been serving as the Deputy Managing Director (DMD) of the bank since April 08, 2019. Prior to joining AIB PLC, he was the Additional Deputy Managing Director of ONE Bank Limited, says...

Feroz Alam new chairman of Mercantile Bank Securities

Sponsor Director of Mercantile Bank PLC A. S. M. Feroz Alam was elected the chairman of Mercantile Bank securities Limited at the 70th meeting of the Board of Directors of the company held on Tuesday, says a press release. Feroz Alam, son of late M A Gafur and Shaheda Begum,...

IFIC Bank workshop on 'Fake Note Detection'

IFIC Bank PLC, the largest banking network in the country with more than 1,400 branches and sub-branches, organised a daylong workshop on 'Fake Note Detection and Prevention of its Circulation'. The workshop was held recently at a local auditorium in Khulna. S.M. Hasan Reza, Executive Director of the Bangladesh Bank,...

AGM of Delta Life Insurance Company held

The 37th annual general meeting (AGM) of Delta Life Insurance Company Ltd was held virtually on Wednesday. Chairman of the Board of Directors Hafiz Ahmed Mazumder presided over the meeting. Shareholders of the company approved the audited accounts for the financial year 2022 and 30 per cent cash dividend against...

AUW hosts summer school closing ceremony

Asian University for Women (AUW) celebrated the successful conclusion of its 2024 Summer School program with a closing ceremony held on the AUW campus in Chattogram on Tuesday, says a press release. The event was attended by distinguished guests, students, parents, media and representatives from Chevron Bangladesh. Chevron Bangladesh has...

Citizens Bank Organises Foundation Training Course

Citizens Bank organised a Foundation Training Course for officers of the bank. A total number of 30 officers from different branches & divisions participated in the training held at its head office recently. Mohammad Masoom, Managing Director & CEO of the bank, was present at the closing session of the...

Toyota global output skids in June

TOKYO, July 31 (Reuters): Toyota's global production tumbled in June, down for a fifth straight month with the automaker hit hard by a certification scandal in its home market and a fierce price war in China.Output worldwide for Japan's biggest automaker slid 12.9 per cent to 795,862 vehicles, the sharpest...

CrowdStrike outage to cost Delta Air Lines $500m: CEO

Delta Air Lines CEO Ed Bastian said the carrier would take a $500 million hit related to the CrowdStrike outage, CNBC reported on Wednesday.The airline has been the slowest among major US carriers to recover following the tech failure that led to more than 2,200 flight cancellations on July 19.Analysts...

BIFFL hosts 13th AGM

The Bangladesh Infra-structure Finance Fund Limited (BIFFL) hosted its 13th Annual General Meeting (AGM) virtually on Monday, says a press release. In the meeting, the shareholders approved the Audited Financial Statements for the year ended 31 December 2023 and approved cash dividend of Tk 369.88 million in favour of the...

Sonali Bank Board holds meeting with SMT

The 13th review meeting between the Board of Directors and Senior Management Team (SMT) of Sonali Bank PLC was held at the bank's head office conference room on Wednesday. Chairman of Board of Directors Ziaul Hasan Siddiqui presided over the meeting. SMT Chairman and Sonali Bank PLC CEO & Managing...

P&G posts sales drop as demand slows

Procter & Gamble posted a surprise drop in fourth-quarter sales, as the company's efforts to reel in years of steep price hikes failed to win over price-conscious consumers who snubbed the company's pricier Charmin toilet paper and Pampers diapers, reports Reuters.Rivals including Nestle and Unilever also reported first-half sales growth...

Palm oil slides on strong ringgit, posts second monthly fall

JAKARTA, July 31 (Reuters): Malaysian palm oil futures fell and posted a second straight monthly drop on Wednesday despite strong July export as a stronger ringgit weighed down the price.The benchmark palm oil contract for October delivery on the Bursa Malaysia Derivatives Exchange lost 6 ringgit, or 0.15 per cent,...