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

API producers seek low-cost refinancing

Local active pharmaceutical ingredient (API) producers have sought a low-cost refinancing facility, aiming to avail affordable capital for the sector.They have also requested the authorities concerned to expedite the implementation of the API policy 2018 in order to provide the promised incentives.The Bangladesh API and Intermediaries Manufacturers Association (BAIMA) recently...

Spot LNG prices up as colder weather drives demand

SINGAPORE, Dec 01 (Reuters) : Asian spot liquefied natural gas (LNG) prices gained for a third consecutive week to hit a new high for the year so far as colder weather in the region drove demand.The average LNG price for January delivery into northeast Asia was at $15.10 per million...

BB Dy Governor Nurun Nahar removed from 2 key departments

Deputy Governor of the Bangladesh Bank Nurun Nahar has been removed from two more sensitive key departments of the central bank, reports UNB.On November 28, the Human Resources Department of the central bank issued an order in this regard which came into effect on Sunday.After taking charge as the Deputy...

Govt plans to cut operating expenditures amid economic challenges

The government has initiated measures to cut operating expenditures in the coming years, aiming to curb the rising trend witnessed in recent years due to various global and domestic challenges, reports UNB.The operating expenditures are projected to account for 58.7 per cent of public expenditure in the 2025-26 fiscal year...

Walton launches ACC computer brand

Walton Digi-Tech Industries Limited, a leading technology product manufacturer and exporter in Bangladesh, has officially launched the world-renowned ACC computer brand in the country. ACC is a popular European brand.Walton Digi-Tech will also manufacture and market the new range of premium laptops, desktops, monitors, and other computer products under the...

Midland Bank PLC (MDB) inaugurated its Nawabpur Sub-Branch

Midland Bank PLC (MDB) inaugurated its Nawabpur Sub-Branch and Nawabpur SME Centre at Mazad Sarder Tower-1, Haji Osman Goni Road, Nawabpur, Dhaka, on Sunday. Md Ahsan-uz Zaman, Managing Director & CEO of the bank, inaugurated both the sub-branch and SME Centre as the chief guest along with other senior executives...

NRBC Bank opens Shariakandi sub-branch

NRBC Bank PLC has started its banking operations at Shariakandi, Bogra. AKM Mostafizur Rahman, Director and Chairman of the bank's Risk Management Committee, inaugurated the sub-branch as the chief guest on Sunday.

BKASH PAYMENT NOW AVAILABLE AT BALAKA LOUNGE OF AIRPORT

Passengers using bKash now have the opportunity to access the exclusive amenities of the Balaka Executive Lounge at Hazrat Shahjalal International Airport. Whether it's a pre-flight relaxation or a layover, passengers can conveniently pay for services using bKash payments. In this regard, a Memorandum of Understanding (MoU) was recently signed...

410th Board meeting of Al-Arafah Islami Bank held

The 410th board meeting of Al-Arafah Islami Bank PLC was held on Sunday. Chairman of the Board of Directors Khwaja Shahriar presided over the meeting. The overall business performance of the bank was reviewed and several policy decisions were taken at the meeting. Directors Md. Shahin Ul Islam, Md. Abdul...

BANGLADESH COMMERCE BANK RELOCATES MIRPUR BRANCH

Bangladesh Commerce Bank Limited has relocated its Mirpur Branch to its new address -- Maa Plaza, Mirpur-1, Shah Ali. Chairman of the Board of Directors Md Ataur Rahman inaugurated the relocated branch as the chief guest. Chairman of the Board Executive Committee Md Mohashin Mia and Board Audit Committee Chairman...

Banglalink signs MoU with SBAC Bank

Innovative digital operator Banglalink has recently signed a Memorandum of Understanding (MoU) with South Bangla Agriculture and Commerce Bank PLC. Under this agreement, Banglalink will be offering ICT solutions including SMS broadcast and voice connections (corporate connectivity), which will help SBAC Bank to expand their customer marketing services and reach...

SEMINAR ON 'PHYSICS EDUCATION IN THE SECONDARY LEVELS'

Bangladesh Physical Society organised a seminar titled 'Physics Education in the Secondary and Higher Secondary Levels' at the Atomic Energy Centre in Dhaka on Saturday. Prof Dr M Aminul Islam, Special Assistant to the Education Adviser, was present as the chief guest at the inaugural session presided over by Dr....

Toggi Shipping, Bashundhara Multi Trading Awarded

Toggi Shipping and Logistics Limited (TSLL), a business wing of Bashundhara Group, has been awarded as the highest revenue contributor to Mongla Port, one of Bangladesh's major seaports. In fiscal year 2023-2024, TSLL managed approximately 50 mother vessels at Mongla Port, generating around Tk 130 million in revenue for the...

Alliance Finance holds workshop on sustainable finance strategy

Alliance Finance PLC organised a workshop on 'Sustainable Finance Strategy and Sustainability Plan' recently at its Head Office at Gulshan for its employees. Morshed Millat, Faculty Member of BIBM and former Director, Sustainable Finance Department of Bangladesh Bank, conducted the session. Kanti Kumar Saha, Chief Executive Officer, and other executives...

Trump's tariffs could cost carmakers up to 17pc of combined core profits: S&P

European and American carmakers are set to lose up to 17 per cent of their combined annual core profits if the US imposes import tariffs on Europe, Mexico and Canada, S&P Global said in a report on Friday, warning of potential credit downgrades, reports Reuters.Premium automakers Volvo and Jaguar Land...