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

Demand slowdown pushes farm products to the ground, farmers in peril

A broad-based slowdown in demand has dragged down prices of key farm products---potatoes, onions and eggs---pushing thousands of farmers into losses for a second straight year.This raises concerns among economists about a possible ripple effect on employment, real wages and overall economic growth.From the potato fields of Nilphamari to onion...

BCCCI urges Commerce Minister to boost BD-China economic ties

A delegation of the Bangladesh China Chamber of Commerce & Industry (BCCCI) on Monday called on Commerce Minister Khandaker Abdul Muktadir and placed several proposals to strengthen trade and investment cooperation between Bangladesh and China.The delegation, led by BCCCI President Mohd. Khorshed Alam, highlighted the need to establish at least...

Central Insurance gets new CEO

The Insurance Development and Regulatory Authority (IDRA) has appointed Md. Nakibur Rahman Khan as the Chief Executive Officer (CEO) of Central Insurance PLC.The approval was announced in an official notice signed by Md. Noor-Ul-Alam, Company Secretary and Head of HR and Administration of the insurer, says a press release.

NOVOAIR launches zero-interest EMI on tickets

NOVOAIR, one of the country's leading private airlines, has announced a zero-interest EMI facility for purchasing air tickets, with return fares starting from Tk 1,567 only per month.In addition to return tickets, one-way tickets worth at least Tk 5,000 can also be bought under the facility, with no hidden fees...

PRIME BANK, MASTERCARD LAUNCH NEXT-GEN NFC STICKER CARD 'TAPIN'

Prime Bank in partnership with Mastercard has launched 'TapIn', an innovative next generation NFC-enabled debit sticker card, developed and powered by IDEMIA with local partner ADN Technologies. The card is designed to deliver fast, secure and seamless payment experience for customers with dynamic urban lifestyle. The launching ceremony, held on...

EBL signs agreement with Turkish Airlines

Business-class passengers of Turkish Airlines departing from Dhaka will now enjoy complimentary access to the "EBL Skylounge" at Hazrat Shahjalal International Airport following an agreement between the Airlines and Eastern Bank PLC (EBL). Ali Reza Iftekhar, Managing Director of EBL, and Islam Güre, Country Manager of Turkish Airlines, signed the...

Visa employees to receive insurance coverage from MetLife Bangladesh

MetLife Bangladesh has signed an agreement with Visa to provide insurance coverage for its employees and their dependents in Bangladesh. This partnership will ensure financial protection against accidents, disabilities, and loss of life for employees and their dependents will receive in-patient, outpatient, and maternity insurance coverage. Sabbir Ahmed, Country Manager...

Amazon to invest $21b more in Spain for data centres and AI

BARCELONA, Mar 02 (Reuters): Amazon said on Monday it would invest an additional 18 billion euros ($21 billion) in Spain to expand its data centres and boost AI innovation, bringing its total investment in the country to 33.7 billion euros.Amazon announced the investment after Spain's Prime Minister Pedro Sanchez met...

Canada and India strike deals on rare earth, uranium

NEW DELHI, Mar 02 (AFP): India and Canada on Monday reached a string of agreements, including on critical mineral cooperation and a "landmark" uranium supply deal for nuclear power, the countries' leaders said in New Delhi.The pacts, which also covered technology and promoting the use of renewable energy, were announced...