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

NCT sets container handling record

CHATTOGRAM, June 02: The New Mooring Container Terminal (NCT) of the Chittagong Port, the prime seaport of the country, achieved its highest-ever monthly container handling volume in May, underscoring improved operational efficiency and growing trade activities.According to officials of the Chittagong Port Authority (CPA), the terminal handled a record 126,496...

BASIC Bank seeks low-cost deposits to cut funding expenses

State-owned BASIC Bank has sought government approval to open and operate accounts of government and donor-funded projects as part of efforts to strengthen its deposit base, lower funding costs and improve its overall financial health, sources said.In a recent letter to the Finance Ministry, Deputy Managing Director Abu Md Mofazzal...

Gold, silver prices drop in local market

At the start of June, following the Eid holidays, the Bangladesh Jewellers' Association (BAJUS) has reduced the prices of gold and silver in the country's market on Tuesday, reports UNB.Price of gold fell by Tk 3,266 per bhori while silver dropped by Tk 177 per bhori.In a statement, BAJUS said...

MetLife installs solar panel to produce 10pc of energy needs

MetLife Bangladesh has installed a 104-kilowatt (kW) on-grid solar panel system at its Motijheel head office, enabling the company to generate up to 10 per cent of its electricity needs from solar power.The initiative strengthens MetLife's commitment to energy efficiency and sustainable operations. MetLife has been serving Bangladesh for over...

Dhaka Bank signs agreements with BB for refinance schemes

Dhaka Bank PLC has signed participation agreements with Bangladesh Bank (BB) for refinance scheme under Tk 30.00 billion Cluster Financing Scheme and Tk 15.00 billion Financial Sector Fund for the Development of MSMEs (FSFDMSME). The signing ceremony was held at the Jahangir Alam Conference Hall of Bangladesh Bank, where Nawshad...

Bengal Commercial Bank signs agreements with BB to support CMSMEs

Bengal Commercial Bank signed two participatory agreements with Bangladesh Bank (BB) recently under the Financial Sector Fund for the Development of Micro, Small and Medium Enterprises (FSFDMSME) and the Cluster Financing Scheme aimed at providing easy-term financing to cottage, micro, small and medium enterprises (CMSMEs). Tarik Morshed, Managing Director of...

BD, UK discuss ways to boost trade

Bangladesh and the United Kingdom (UK) have discussed ways to expand bilateral trade and investment cooperation, with a particular focus on attracting increased British investment into Bangladesh's fast-growing economy.The discussions took place during a series of meetings held in London on Monday between Bangladesh Investment Development Authority (BIDA) Executive Chairman...

US to cut tariffs on agricultural equipment as costs bite

WASHINGTON, United States, June 2 (AFP): US President Donald Trump signed an order Monday to cut tariffs on agricultural equipment, the White House said, as farmers and manufacturers face pressure from surging costs over the Middle East war.Trump's proclamation reduces the duty rate on machinery like harvesters, alongside certain other...

Mideast war drives eurozone inflation to 3.2pc

BRUSSELS, Belgium, June 2 (AFP): Eurozone inflation rose in May as the Middle East war sent energy costs soaring, official data showed Tuesday, reinforcing the likelihood of an interest rate increase in the single currency area.Consumer price rises accelerated to 3.2 percent last month, the EU's statistics agency Eurostat said,...