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

BTCL urged not to be involved in retail domain reg business

The country's registered domain hosting businessmen have urged the Bangladesh Telecommunications Company Limited (BTCL) not to engage as a domain registrar to ensure a level playing field in the retail business.To promote the dotBD domain and encourage the use of dotBangla, they also urged the Bangladesh Telecommunication Regulatory Commission (BTRC)...

Steps taken to cut prices of key commodities: Adviser

The government has taken necessary initiatives to reduce the high prices of key essential commodities, especially egg and poultry, at the producer and consumer levels.Commerce Adviser Dr Salehuddin Ahmed said this while talking to reporters after a meeting held with leaders of poultry sector at the commerce ministry on Sunday.At...

CAB demands independent commission to probe graft in energy and power sector

Consumers Association of Bangladesh (CAB) has demanded formation of an independent commission to investigate the corruption, irregularities and plundering of wealth by the previous Awami League government in the country's power and energy sector during the last 15 years, reports UNB. "Only in 2022 some Tk 35,000 crore worth of...

Zakir Ahmed Khan takes charge as PKSF Chairman

Former Finance Secretary Zakir Ahmed Khan has assumed office of the Chairman of Palli Karma-Sahayak Foundation (PKSF).Upon his arrival at PKSF Bhaban on Sunday, he was welcomed by PKSF's acting Managing Director Md Fazlul Kader and Additional Managing Director Dr Md Jashim Uddin.Deputy Managing Directors AQM Golam Mawla, Md Mashiar...

K. M. Saidur new CEO of Asia Pacific Insurance

K. M. Saidur Rahman has been appointed as Chief Executive Officer (CEO) of Asia Pacific General Insurance Company Limited, says a press release. The appointment came as per approval of the Insurance Development and Regulatory Authority (IDRA) on the recommendation of the company's board of directors. He has been serving...

Prime Bank launches Islamic Payroll Banking

Prime Bank has launched Islamic Payroll Banking services to cater the growing demand for Shariah-compliant financial solution. This service enables businesses to manage payrolls in a manner that aligns with Islamic principles, offering a fully ethical and shariah-based banking experience for employees, says a press release. The new Islamic Payroll...

Chinese Ambassador to Bangladesh Yao Wen called on Power, Energy and Mineral Resources Adviser

A Chinese delegation led by Chinese Ambassador to Bangladesh Yao Wen called on Power, Energy and Mineral Resources Adviser Mohammad Fouzul Kabir Khan at his ministry in the city on Sunday. — PID

Bangladesh General Insurance Co holds 39th AGM

The 39th Annual General Meeting (AGM) of Bangladesh General Insurance Co PLC (BGIC) was held on a virtual platform at its head office recently. Chairman of the company Towhid Samad presided over the meeting. Ahmed Saifuddin Chowdhury, Managing Director & CEO of the company, was also present. BGIC, the first...

Square Textiles takes part in Shanghai fair

The Yarn Expo & Intertextile Shanghai-Autumn 2024, the 30th anniversary edition of the fair, was held from 27th to 29th August, across nine halls of the National Exhibition and Convention Center (Shanghai), says a press release. Square Textiles from Bangladesh participated in the Yarn Expo 2024 Autumn edition co-located with...

ACWA Power secures $2.6b financing for 3 Saudi solar projects

RIYADH, Aug 01 (Arab News): Saudi utility developer ACWA Power has signed financing agreements valued at SR9.7 billion ($2.58 billion) with a consortium of banks to develop three large-scale solar projects in the Kingdom. In a statement to Saudi stock exchange Tadawul, the Public Investment Fund-backed firm said that these...

Algeria joins BRICS New Development Bank

ALGIERS, Sept 01 (AFP): Algeria has been approved for membership in the BRICS New Development Bank (NDB), the country's finance ministry has announced.The decision was taken on Saturday and announced by NDB chief Dilma Roussef at a meeting in Cape Town, South Africa.By joining "this important development institution, the financial...

KSA launches 7th round of 'Sah' savings product with 5.31pc return

JEDDAH, Aug 01 (Arab News): The Kingdom of Saudi Arabia (KSA) has launched the seventh round of its subscription-based savings product, Sah, for September, offering a 5.31 per cent return to promote financial stability and growth among citizens.The issuance of these Shariah-compliant, government-backed sukuk began on Sunday and will continue...

South Korea exports extend gains to 11th month, growth slows

SEOUL, Sept 01 (Reuters): South Korea's exports rose for an 11th straight month in August, but the pace of growth was weaker than the previous month and market expectations as demand for computer chips slowed, while auto sales remained sluggish.Overseas sales by Asia's fourth-largest economy rose 11.4 per cent year-on-year...

Penny-pinching youth transforming China’s bubble tea craze

HANGZHOU (China), Sept 01 (AFP): Sweet, milky and colourful-bubble tea is wildly popular in China, where people sipping through straws from large plastic cups is a common sight in high streets and shopping malls across the country.But there's fresh competition brewing in the vast market, characterised by ultra-cheap products that...