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

Foreign aid pledges for NGOs slip amid surge in disbursements

Foreign donors have slightly scaled back their funding commitments for NGOs operating in Bangladesh, even as actual disbursements rose significantly in the last fiscal year amid growing humanitarian needs across the country.According to the NGO Affairs Bureau (NGOAB), the total foreign aid pledged for FY2024-25 amounted to US$793.67 million, around...

Yield on T-bonds drops due to banks’ rush for investments

The yield on five-year Bangladesh Government Treasury Bonds (BGTBs) dropped significantly on Tuesday as banks expressed willingness to invest their excess liquidity in the risk-free securities. The cut off yield, generally known as interest rate, on the BGTBs came down to 11.05 per cent on the day from 12.40 per...

Canada keen to expand sustainable trade, investment in Bangladesh

Canada has expressed keen interest in expanding sustainable trade and investment ties with Bangladesh, as part of its commitment to fostering inclusive growth across the Indo-Pacific region, reports BSS.Weldon Epp, Assistant Deputy Minister (ADM) for the Indo-Pacific at Global Affairs Canada, is currently on his first official visit to Bangladesh,...

Kaptai's power plant generates 218 MW due to increase of lake water

RANGAMATI, July 15 (BSS): The Kaptai Karnaphuli Hydropower Station is currently generating 218 MW of electricity, its highest output this season, due to increased water levels in Kaptai Lake following recent rainfall.With the increase of water in Kaptai Lake, five units of the Kaptai Karnaphuli Hydropower Plant have become operational...

STANDARD BANK HOLDS 413TH BOARD MEETING

The 413th Board Meeting of Shari'ah-based Standard Bank PLC was held at the bank's Head Office in Dhaka on Tuesday. Chairman of the Board of Directors Mohammed Abdul Aziz presided over the meeting. It was attended by Vice Chairman A K M Abdul Alim, Director & Founder Vice Chairman Kamal...

CITIZENS BANK OPENS SUB-BRANCH IN NARAYANGANJ

Alamgir Hossain, Managing Director, Citizens Bank PLC, inaugurated the bank's Tanbazar Sub-Branch in Narayanganj recently in presence of Deputy Managing Directors Md Mostafizur Rahman and Md Abdul Latif and other high officials of the bank. M Solaiman, President, Narayanganj Club, and other renowned businessmen were also present.

UCB SIGNS MOU WITH NATIONAL PENSION AUTHORITY

United Commercial Bank PLC (UCB) has signed a Memorandum of Understanding (MoU) with the National Pension Authority (NPA) recently. Under this strategic partnership, UCB will act as a Banking Service Provider for the Universal Pension Scheme (UPS), enabling seamless collection of pension instalments through a comprehensive network of secure banking...

TRUST BANK HOSTS WORKSHOP ON 'PREVENTION OF MONEY LAUNDERING'

Trust Bank organised a comprehensive daylong workshop titled "Prevention of Money Laundering & Combating Financing of Terrorism (AML & CFT)" at the Trust Bank Training Academy recently. Hasna Hena Chowdhury, Deputy Managing Director (DMD) and Chief Anti-Money Laundering Compliance Officer (CAMLCO) of the bank, attended the program as the chief...