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

DCCI concerned over economic impact on BD

Dhaka Chamber of Commerce and Industry (DCCI) has expressed grave concern over the potential economic impact on Bangladesh due to the current geopolitical tension and escalating military conflict between the United States, Israel and Iran in the Middle East region.The DCCI said the ongoing conflict has already started causing turbulence...

BGMEA seeks hike in cash incentives

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday demanded increasing the rate of cash incentives and continue it to help the industry face the existing crisis and create new entrepteneurs.Seeking the central bank's interference in addressing current challenges, the BGMEA also proposed increasing the rates of special cash assistance...

5,313 industrial units yet to pay Feb wages

Some 52.60 per cent or 5,313 industrial units, including readymade garment factories, across the country under the jurisdiction of Industrial Police (IP) did not pay wages for the month of February until Wednesday in defiance of the government instruction.Moreover, some 263 factories, including 139 textile and garment units, are yet...

Dhaka seeks extra diesel support from Delhi amid crisis

Bangladesh has formally requested additional diesel supplies from India beyond the existing monthly quota of 15,000 tonnes.The Minister for Power, Energy and Mineral Resources (MPEMR) Iqbal Hasan Mahmud confirmed this at an impromptu press briefing in the Secretariat on Wednesday. "In this emergency situation, we have officially sought extra fuel...

BB issues guidelines for appointing mediators to expedite defaulted loan recovery

Bangladesh Bank (BB) on Wednesday moved to de-clog the country's legal system by ordering scheduled banks to appoint competent mediators for 'Pre-Suit Mediation' to resolve defaulted loan disputes through Alternative Dispute Resolution (ADR) before litigation commences, reports BSS.To this end, the central bank issued a circular.The central bank's latest intervention...

Prime Bank distributes chequebooks, debit cards among visually impaired persons

Prime Bank PLC organised a special session titled "From Access to Empowerment: Advancing Banking for Persons with Disabilities" in collaboration with Team Inclusion Bangladesh in Savar, Dhaka, as part of its ongoing efforts to build a barrier-free and inclusive banking ecosystem. At the event, chequebooks and debit cards were distributed...

Islami Bank client gets motorcycle by receiving remittance thru Ria Money Transfer

A client of the North Shahjahanpur Sub-branch at Islami Bank Bangladesh PLC in Dhaka has received a motorcycle by receiving cash remittance through Ria Money Transfer. Md. Altaf Hossain, Additional Managing Director of the bank, handed over the motorcycle key to the client, Md. Ataur Rahman, as the chief guest...

Meena Bazar opens new outlet in Jamtola, Narayanganj

Bangladesh's leading superstore brand Meena Bazar inaugurated a new outlet beside the Central Eidgah in Jamtola, Narayanganj, as part of its ongoing expansion. The new outlet was inaugurated by Shameem Ahmed Jaigirder, Chief Operating Officer (COO) of Meena Bazar, along with the company's esteemed franchise business partners. Among others present...

BUFT Team secures Tk 15m grant for cotton waste research

A research team from BGMEA University of Fashion and Technology (BUFT), led by Prof. Dr. Abdul Jalil, has secured a competitive research grant worth Tk 15 million under the Bangladesh Innovation and Research for Development Initiative (BIRDI), part of the Skills for Industry Competitiveness and Innovation Program (SICIP). The BUFT...

With only a few days left before Eid

With only a few days left before Eid, shopping has gained momentum. Customers are buying clothes of their choice. The photo was taken at Bashundhara City Shopping Complex on Wednesday —FE Photo

Oracle rallies as strong revenue forecast eases concerns over massive AI bets

NEW YORK, Mar 11 (Reuters): Oracle shares surged about 10 per cent before the bell on Wednesday after the software giant's upbeat revenue forecast eased concerns over its hefty spending on artificial intelligence infrastructure.While Oracle was a latecomer to the cloud industry, it swiftly recognised the artificial intelligence boom, rapidly...

HSIA third terminal likely to start operation by 6 to 9 months: Millat

State Minister for Civil Aviation and Tourism M. Rashiduzzaman Millat has said it may take six to nine months to launch operations from third terminal of Hazrat Shahjalal International Airport. "We are trying to expedite the process, but based on our assessment it may take six to nine months. There...