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

Moyeen Khan urges women to take up leadership role in greater number

BNP Standing Committee Member Dr Abdul Moyeen Khan on Monday said that while women's participation in Bangladesh's economy and productive sectors has increased significantly over the years, greater efforts are needed to expand their rights, leadership opportunities and representation in decision-making positions.Speaking as the chief guest at the inaugural session...

Primary students to get free jute bags, uniforms, shoes from July

The government on Monday announced a pilot programme to distribute free eco-friendly jute school bags, along with uniforms and shoes, to 350,000 primary school students nationwide in a bid to promote natural fibres and reduce dependence on plastic products.State Minister for Primary and Mass Education Bobby Hajjaj announced the initiative...

India's trade deals with EU behind decline in RMG exports: BGMEA

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has identified uncertainty over the country's LDC graduation process, along with India's new and proposed trade deals especially with the European Union and the United Kingdom, as key factors, among others, behind the recent decline in locally made garment exports.Some buyers have...

Rawhide collection may fall to 6.5m pieces despite higher Eid sacrifices

Despite more than 9.37 million animals being sacrificed during this year's Eid-ul-Azha, the country's total rawhide collection is expected to decline to around 6.3-6.5 million pieces, industry insiders say.Tannery owners attributed the likely drop to widespread spoilage of goat hides, inadequate use of salt for preservation, and delays in collection...

TEAM Group marks 1st death anniv of its founder Rakib

TEAM Group on Sunday observed the first death anniversary of its founder, Abdullah Hil Rakib, paying tributes to his contributions to Bangladesh's business landscape and the ready-made garment sector.In a statement, the company described Rakib as a visionary entrepreneur and industry leader who devoted his life to building enterprises that...

Steelmakers voice concerns over latest power tariff hikes

Steel manufacturers on Monday expressed their deep concerns over the latest electricity tariff hikes, stating that the decision would further compound the challenges facing the country's steel industry.The decision would also affect the sector's competitiveness at a time when the industry is already struggling with multiple economic pressures.The Bangladesh Steel...

ICSB gets new CEO

The Institute of Chartered Secretaries of Bangladesh (ICSB) has announced the appointment of Md. Shabbirul Alam Chowdhury as Secretary and/or CEO of ICSB, effective from 7 June. Mr. Chowdhury, a former Executive Director of Bangladesh Bank, is an accomplished central banking professional and financial governance expert with over three decades...

Grameenphone to use bKash's Disbursement Solution

Grameenphone will utilise bKash's 'Disbursement Solution' to send incentives directly to the bKash accounts of its nationwide field force. This ensures a fast, secure, and efficient payment process, and minimises operational complexities. An agreement, in this regard, was recently signed between the two organisations at the GP House. Farha Naz...

Shimanto Bank inks MoU with finance ministry to provide loans for govt employees

Shimanto Bank PLC has recently signed a Memorandum of Understanding (MoU) with the Finance Division of the Ministry of Finance at the Secretariat. Under this MoU, all permanent government officials and employees can avail home loans under a special scheme through Shimanto Bank. In this regard, a portion of the...