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

Delays in opening LCs hampering supply chain: BIDS study

Readymade garment exporters in Bangladesh are facing banking-related challenges, particularly in cases of raw material imports and product exports, according to a latest study by the Bangladesh Institute of Development Studies (BIDS). The most pressing concerns included delays in opening letters of credit (LCs), high bank charges and delays in...

Dhaka optimistic about resolving trade standoff with India

Bangladesh anticipates that the ongoing trade slowdown with India, which has persisted over the past two to three months, will be resolved soon, Foreign Adviser Md Touhid Hossain said on Sunday. "The slowdown is impacting not just Bangladesh but also India. Traders in Kolkata are bearing the brunt as well,"...

Asian spot LNG remains near highest level this year

LONDON, Dec 8 (Reuters): Asian spot liquefied natural gas (LNG) prices edged down last week as high inventories depressed demand, but prices remained near their highest level this year, tracking European gas prices which have risen on supply concerns.The average LNG price for January delivery into north-east Asia was at...

UCB Investment wins six FinanceAsia awards

UCB Investment Limited (UCBIL), a wholly owned subsidiary of United Commercial Bank PLC, has achieved a milestone by securing six prestigious awards at the FinanceAsia Achievement Awards 2024, says a statement.UCB Investment won two Best House Awards in the Asia Pacific region and four Best Deal Awards in South Asia....

CONCORD ARCHITECTS SIGNS MOU WITH MUTUAL TRUST BANK

Concord Architects & Interior Decor Limited, a leading interior solutions company, has signed an agreement with Mutual Trust Bank PLC (MTB) at Concord Group's corporate office in the city recently. Under this agreement, MTB clients are set to enjoy exclusive benefits on design consultancy services & execution from Concord Architects...

NATIONAL BANK HOLDS REGIONAL BUSINESS CONFERENCE

National Bank hosted its Regional Business Conference (Mymensingh) at the Surjodip Convention Centre in Mymensingh on Saturday. Abdul Awal Mintoo, Chairman of National Bank, was present as the chief guest. The conference was attended by Moazzam Hossain, Vice Chairman & Sponsor Director; Muklesur Rahman, Independent Director & Chairman of the...

Trust Bank holds Annual Risk Conference

The Annual Risk Conference-2024 of Trust Bank PLC was held on a digital platform at the Head Office of the bank recently. Ahsan Zaman Chowdhury, Managing Director of the bank, along with other officials were present in the programme.

Shahjalal Islami Bank opens Sorojganj sub-branch

Shahjalal Islami Bank PLC opened its 5th sub-branch at Sorojganj in Chuadanga on Sunday. Managing Director of the bank Mosleh Uddin Ahmed was present as the chief guest and formally inaugurated the Sorojganj sub-branch. The sub-branch will conduct all its banking activities under the Chuadanga Branch of the bank. Manager...

Goldman Sachs quits global climate coalition for banks

LONDON, Dec 8 (Reuters): Goldman Sachs said it has quit a sector coalition aimed at aligning bank lending and investment activities with global efforts to fight climate change, becoming the most high-profile member to leave the group.The US investment bank's decision comes against a backdrop of pressure from some Republican...

Walmart, Amazon holiday spending rise as Target, Best Buy stumble

NEW YORK, Dec 08 (Reuters): Walmart Inc, Amazon.com and fast-growing e-commerce sites Shein and PDD Holding's Temu saw record-breaking sales on Black Friday and Cyber Monday, according to spending data, suggesting that they may finish the holiday season on a much stronger note than Target and Best Buy, which struggled.Holiday...

UK leader Starmer heads to Gulf to talk trade, Mideast

LONDON, Dec 08 (AFP): Britain's leader Keir Starmer makes his first trip to the Gulf as prime minister from Sunday, seeking to attract investment from the region's oil-rich states, Downing Street announced.Starmer will first visit the United Arab Emirates and then travel to Saudi Arabia, before stopping off in Cyprus...

Retail space demand in Riyadh drives 4.2pc rent increase

RIYADH, Dec 08 (Arab News): The retail market in Riyadh saw a five-per centage-point increase in occupancy rates, reaching 92 per cent by the end of the third quarter, according to a new report by Knight Frank. The report also highlighted a 4.2 per cent year-on-year rise in average rental...

China-Indian Ocean Region Forum begins December 15

BEIJING, Dec 08 (Express Tribune): The Third China-Indian Ocean Region Forum on Blue Economy Development Cooperation will be held from December 15 to 17, which is expected to deepen pragmatic marine cooperation and continue to promote global sustainable development.Under the theme of "The Future of the Blue Indian Ocean Development,...