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

Bangladesh should 'focus on collaboration with Malaysia'

Bangladesh can make various trade-offs and complementarities with Malaysia due to their differing types of economies, Ambassador M. Riaz Hamidullah, Additional Foreign Secretary of Bangladesh, said at a lecture on Sunday.He said that Bangladesh should focus on collaboration with countries such as Malaysia, rather than just cooperation. Many have been...

MetLife settles Tk 14.25b claims in H1

MetLife Bangladesh has settled Tk 14.25 billion in claims in the first six months of this year. This amount includes the money customers received as insurance benefits and claims for loss of life and medical needs, says a statement.Customers of MetLife Bangladesh enjoy the best claims-receiving experience as they can...

US firms in China see record-low profits amid geopolitical tensions

HONG KONG, Sep 15 (AP): American companies in China are seeing record-low profits, with business confidence at an all-time low amid US-China tensions and a slowing Chinese economy, according to a report of a US business group.Out of 306 companies polled, a record-low 66 per cent were profitable in 2023,...

SBAC Bank Hosts Town Hall Meeting

SBAC Bank PLC held a Town Hall Meeting of Dhaka Zone at the bank's Head Office on Saturday. Md Nurul Azim, Additional Managing Director of SBAC Bank PLC, presided over the meeting while Habibur Rahman, Managing Director & CEO of the bank, was present as the chief guest.

AB Bank donates Tk 20m for flood victims

AB Bank, under its CSR programme, has contributed Tk 20 million to the Chief Advisor's Relief and Welfare Fund to support the people suffering from devastating flood in the various parts of the country. The founder Chairman of the Bank, the members of the Board of Directors and shareholders of...

India removes floor price for basmati rice exports

NEW DELHI, Sept 15 (Reuters): India removed a floor price for basmati rice exports on Friday, according to a government order, to help farmers boost overseas sales of the premium grade just weeks ahead of the arrival of the new-season crop.Last year New Delhi set a floor price, or minimum...

Asian spot LNG prices down on muted demand

LONDON, Sep 15 (Reuters): Asian spot liquefied natural gas (LNG) prices fell last week amid limited demand for November deliveries and as supply concerns related to Hurricane Francine's impact on US LNG facilities eased.The average LNG price for October delivery into north-east Asia was at $13.20 per million British thermal...

China opposes US tariff hikes, vows steps to defend its firms’ interests

BEIJING, Sept 15 (Reuters/AP): Beijing firmly opposes US tariff hikes on Chinese imports, China's commerce ministry said in a statement on Saturday, urging the US to immediately correct its "wrongdoings" and lift all tariffs imposed on Chinese goods."China will take necessary measures to resolutely defend the interests of Chinese companies,"...

Pennsylvania's fracking industry plans to continue, whoever wins White House

CANONSBURG (United States), Sept 15 (AFP): Pennsylvanians working in the controversial fracking industry are confident that the sector will endure, whoever wins the White House in November's presidential election.With an eye firmly on winning over voters in the gas-rich battleground state, both Republican candidate Donald Trump and his Democratic opponent...

Saudi Arabia’s inflation rate hits 1.6pc in August

RIYADH, Sept 15 (Arab News): Saudi Arabia's annual inflation rate reached 1.6 per cent in August compared to the same month last year, driven by higher housing costs, official data showed. According to the General Authority for Statistics, actual housing rents surged by 10.7 per cent year on year in...

S Lanka economy slows ahead of presidential polls

COLOMBO, Sept 15 (AFP): Sri Lanka's economic growth slowed, government data showed Sunday, days ahead of the first presidential elections since an unprecedented financial meltdown in 2022.The economy grew at 4.7 per cent year-on-year in the second quarter of this year, compared to an expansion of 5.3 per cent in...

Adani wins joint bid for power supply deal for Maharashtra

NEW DELHI, Sept 15 (Reuters): Adani Power and Adani Green Energy have won a combined bid to supply 6,600 MW of renewable and thermal power to Maharashtra state for 25 years, the companies said in a joint statement.Adani Green Energy's wind-solar plant in Jaisalmer in Rajasthan state has been supplying...

Oman's Islamic banking assets surge 18pc

RIYADH, Sept 15 (Arab News): The combined assets of Oman's Islamic banks and windows reached around 7.8 billion Omani rials ($20.2 billion) by June, an 18.1 per cent increase from the same period in 2023.According to data from the central bank, the combined total represented 11.4 per cent of the...