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

Reconsider ban on single-use plastics

Plastic product producers on Monday urged the government to reconsider its decision to ban single-use plastic (SUP) products, highlighting the potential economic and social fallout from such a move. During a press conference held at the Dhaka Reporters' Unity (DRU), leaders of the plastic industry expressed concerns about the lack...

Finance and Commerce Adviser Dr Salehuddin Ahmed inspects Karwan Bazar kitchen market

Finance and Commerce Adviser Dr Salehuddin Ahmed inspects Karwan Bazar kitchen market in the capital during a market monitoring drive on Monday, aiming to keep the prices of essential commodity stable. — Focus Bangla

HSBC hosts forum on digital trade solutions

The Hongkong and Shanghai Banking Corporation Limited (HSBC) Bangladesh recently arranged an event titled, "HSBC Innovation Forum: Digital Transformation of Payments and Trade Solutions" at a hotel in Dhaka, says a statement. The forum discussed and highlighted the advancement of digital trade solutions and payments systems in the country.Ian Tandy...

$986.6m remittances received in 12 days of October

In the first 12 days of October, Bangladesh received remittances totalling $986.64 million (equivalent to Tk 118.40 billion) through legal channels.On average, daily remittances stood at $82.21 million or Tk 9.87 billion, according to Bangladesh Bank (BB) data.Sector insiders anticipate that if this trend continues, remittances may surpass or come...

BB allows $500 export without EXP declaration

The central bank has allowed a maximum of $500 export under business-to-consumer (B2C) on e-commerce websites without declaration on EXP form to encourage small-value exporters, according to officials.To facilitate exports, declaration on EXP form to customs authorities will not be required for small-value export up to $500 or equivalent concluded...

Titas Gas faces big challenges amid 7pc system loss

With 7 per cent system loss, the new management of the Titas Gas Transmission and Distribution Company PLC has been facing the biggest challenge in its service delivery, reports UNB."Some 7 per cent system loss means the organisation loses Tk 1.5-1.8 billion per month in revenue," said Shahnewaz Parvez, the...

Prime Bank partners with Aalok Healthcare

Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has signed a partnership agreement with Aalok Healthcare Ltd at the bank's Gulshan corporate office recently. Through this exclusive agreement, Prime Bank employees will benefit from up to 30% discounts on essential services such as general...

Trust Bank and Xpress Money launch remittance service

Trust Bank PLC and Xpress Money Services Ltd recently launched remittance mobilisation services to facilitate expatriate Bangladeshis across the globe. Ahsan Zaman Chowdhury, Managing Director of the bank, and Nur E Ferdaushi, Bangladesh Country Head, Xpress Money Services, jointly inaugurated the service at the Trust Bank Head Office.

NRB Bank opens 11 Islamic Banking Windows

NRB Bank PLC, a leading 4th generation bank of the country, opens 11 Islamic Banking Windows at Principal, Dhanmondi & Uttara branches under Dhaka region, at Chattogram Main & O. R. Nizam Road branches under Chattogram region, Sylhet Main, Medical Road & Moulovibazar branches under Sylhet region, at Islamic Window...

Food pushes India's retail inflation to nine-month high in September

NEW DELHI, Oct 14 (Reuters): India's retail inflation in September accelerated to its highest in nine months, due to higher food prices, according to government data released on Monday.Annual retail inflation was at 5.49 per cent in September, higher than 3.65 per cent in August, and economists' forecast of 5.04...

Harris targets Black men with new economic proposals

NEW YORK, Oct 14 (Reuters): Democratic presidential candidate Kamala Harris unveiled new policy proposals aimed at Black men on Monday that include forgivable small business loans and access to a new legal recreational marijuana industry.The Harris campaign and Democrats - including former President Barack Obama - have expressed deep concern...

Starmer vows to cut red tape as he urges foreign investors to 'back' UK

LONDON, Oct 14 (AFP): Prime Minister Keir Starmer on Monday told global business leaders it was "time to back Britain", as he hosted a major summit aimed at securing much-needed funds to fuel economic growth after post-Brexit chaos.Starmer told captains of industry that his recently elected Labour government would "rip...

China's exports miss forecasts as lone bright spot fades

BEIJING, Oct 14 (Reuters): China's export growth slowed sharply in September while imports also unexpectedly decelerated, undershooting forecasts by big margins and suggesting manufacturers are slashing prices to move inventory ahead of tariffs from several trade partners.Export momentum had been one bright spot for the Chinese economy that has struggled...

Rupee slips to record low

MUMBAI, Oct 14 (Reuters): The Indian rupee slipped to an all-time low on Monday, weighed down by a fall in most Asian peers and strong dollar demand from foreign banks.The rupee, which weakened below the key support level of 84 for the first time on Friday, ended unchanged at 84.06...