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

BD falls behind in renewable energy adoption: IEA Report

In a striking contrast to global trends, Bangladesh finds itself lagging in the renewable energy sector, as outlined in the latest International Energy Agency (IEA) report.The report indicates that the world is on course to add over 5,500 gigawatts (GW) of renewable energy capacity between 2024 and 2030, bringing global...

AmCham for branding of Bangladesh as prime investment destination

American Chamber of Commerce in Bangladesh (AmCham) President Syed Ershad Ahmed has emphasised the importance of branding Bangladesh as an investment destination through "strategic diplomacy".He advocated for measures for the ease of business operation for the existing US investors and a transparent predictable legal and regulatory environment for attracting potential...

Aarong wins 3 accolades at Bangladesh Retail Awards

Aarong, a popular lifestyle and fashion brand, has won three prestigious accolades at the Bangladesh Retail Awards 2024 in the categories of Best Retailer (Lifestyle), Best E-commerce Platform (B2C) and Most Sustainable Retail Initiative.These awards highlight Aarong's continued excellence in retail, innovation, and sustainability, solidifying its position as a leader...

31 ENTITIES, INDIVIDUALS HONOURED FOR CONTRIBUTION TO TOURISM SECTOR

Thirty-one organisations and individuals in 25 categories have been awarded for their excellence in Bangladesh travel, tourism and hospitality sectors. The recognition programme, first of its kind in the country, was organised by the Bangladesh Monitor, a travel and tourism publication. The programme is supported by Prime Bank PLC. Winners...

Lift & Escalator Expo begins in city

The Global Lift & Escalator Expo 2024 kicked off at the International Convention Centre Bashundhara (ICCB) in Dhaka on Thursday. The 5th edition of the three-day expo aims to promote the growth and development of the lift, escalator, and elevator industry in the rapidly expanding housing market. The event features...

Amrit Restaurant offers 5 Thalis for Puja festival

In this festive season, Amrit Restaurant is all set to make Puja celebrations more delightful for food enthusiasts with incredible offers of exclusive 5 Ultimate Thalis, says a statement. Designed to cater to the diverse palates of food lovers, these thalis showcase a variety of traditional Indian delicacies, perfect for...

SEMINAR ON 'ROADMAP FOR TOURISM RECOVERY'

A seminar titled 'Roadmap for Tourism Recovery: Present Bangladesh Context' was held at a hotel in Dhaka recently. Peter A Semone, Chairman of Pacific Asia Travel Association (PATA), was present as the chief guest. He assured full cooperation from the association in Bangladesh's tourism recovery. The seminar was organised by...

Harris win may boost US effort to rein in 'junk fees' levied on consumers

WASHINGTON, Oct 10 (Reuters): A crackdown by the US consumer finance watchdog on hidden or excessive financial fees could expand to target billions of dollars in mortgage, credit reporting and other fees if Vice President Kamala Harris wins the presidential election.Expunging "junk fees" has been a central, and popular, plank...

Tesla unveiling its long-awaited robotaxi

DETROIT, Oct 10 (AP): Expectations are high for the long-awaited unveiling of Tesla's robotaxi at a Hollywood studio Thursday night. Too high for some analysts and investors.The company, which began selling software it calls "Full Self-Driving" nine years ago that still can't drive itself, is expected to show off the...

BMW and Mercedes quarterly sales drop on weak China

BERLIN, Oct 10 (Reuters): Sluggish demand and stiff competition in China hit third quarter sales at BMW and Mercedes, the German luxury automakers said on Thursday.The German car sector is facing multiple challenges, ranging from high production costs and managing the shift to electric vehicles to falling demand and rising...

Ikea posts fall in annual sales

STOCKHOLM, Oct 10 (AFP): Ikea reported Thursday that its annual sales fell in value after the world's biggest furniture retailer lowered prices to revive traffic at its online and brick-and-mortar stores.The Swedish company said sales amounted to 45.1 billion euros ($49.3 billion) in its fiscal year ending in August, down...