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

Bhutan urges BD to include more products in PTA

Bhutan has requested Bangladesh to include more products in the preferential trade agreement (PTA), as there is a huge scope for increased trade between the two countries.The request was made when Bhutanese Ambassador Rinchen Kuentsyl paid a courtesy call on Chief Adviser Dr Muhammad Yunus at the State Guest House...

Biman CEO vows to crack down on corruption

The new managing director and CEO of Biman Bangladesh Airlines, Dr. Md Shafiqur Rahman, has pledged zero tolerance for corruption within the national flag carrier, assuring that no one involved in corrupt practices will be spared, reports UNB."Everyone must work according to the rules," Rahman said on Wednesday at a...

Govt plans pension for RMG workers: Asif

Labour and Employment Adviser Asif Mahmud Shojib Bhuiyan on Wednesday said the government planned to initiate pension scheme for readymade (RMG) workers to ensure their financial security after retirement, reports UNB.He said this while inaugurating the sales programme of essentials under the Trading Corporation of Bangladesh (TCB) at reasonable prices...

ICT-related project implementation reaches 2.57pc by August

The implementation progress of ICT-related projects under the Annual Development Programme (ADP) reached 2.57 per cent nationally and 11.67 per cent within the Department of Posts and Telecommunications by August.These figures are from the National Progress Index in the Monitoring and Evaluation Report for the fiscal year 2024-25.This information was...

Islami Bank launches 45-day campaign

Islami Bank Bangladesh PLC launched a 45-day campaign titled 'Extra Efforts for Better Asset and Better Tomorrow'. Md. Obayed Ullah Al Masud, Chairman of the bank, inaugurated the campaign at Islami Bank Tower as the chief guest on Tuesday. Mohammed Monirul Moula, Managing Director of the bank, presided over the...

Jamuna Bank PLC opens Sub-Branch in Chandpur

Jamuna Bank PLC virtually inaugurated its 113th sub-branch named 'Matlob Dakshin Sub-Branch' in Chandpur from its Head Office in Dhaka. Managing Director and CEO of Jamuna Bank Mirza Elias Uddin Ahmed presided over the inaugural ceremony.

AB International Finance Ltd holds 29th AGM

The 29th Annual General Meeting (AGM) of AB International Finance Limited, Hong Kong, a subsidiary of AB Bank PLC, was held at its Board Room at Silvercord Tower in Hong Kong on Wednesday. Tarique Afzal, Chairman of the Board, presided over the meeting where Tayseer Rahman Siddiqui, CEO, ABIFL, was...

Bengal Commercial Bank holds board meeting ---

Bengal Commercial Bank PLC. (BGCB) held its 35th meeting of the Board of Directors recently at the bank's Head Office in Gulshan, Dhaka. Md. Jashim Uddin, Chairman of the Board, presided over the meeting. Ghulam Mohammed Alomgir, Vice Chairman of the bank; Members of the Board of Directors; and Tarik...

AI, cloud funding in US, Europe to hit $79b in 2024

STOCKHOLM, Oct 16 (Reuters): Funding of artificial intelligence and cloud companies in the US, Europe and Israel is rising after three years of decline and is estimated to hit $79.2 billion by the end of the year, venture capital firm Accel said in a report, opens new tab on Wednesday.That...

Jamie Dimon charts JPMorgan expansion plan into Africa

NEW YORK, Oct 16 (Reuters): JPMorgan Chase, the largest U.S. lender, plans to enter Kenya and Ivory Coast this year and grow its footprint in Africa, CEO Jamie Dimon told Reuters.International markets are a growth area for JPMorgan, which has more than $4.2 trillion in assets and operates in over...

India raises wheat purchase price

NEW DELHI, Oct 16 (Reuters): India has raised the price at which it will buy new-season wheat from domestic farmers by 150 rupees or 6.6 per cent to encourage growers to expand acreage and remove the need for imports in the world's second-biggest producer of the grain.The revised purchase price...

Airbus to cut 2,500 jobs

PARIS, Oct 16 (AFP): European aviation giant Airbus plans to cut up to 2,500 jobs in its struggling defence and space division, a source close to talks between management and unions said Wednesday.The specifics of the job reductions were not immediately known, the source said on condition of anonymity. The...

US holiday sales to grow 3.5pc in 2024

US holiday sales are expected to grow as much as 3.5 per cent, the slowest pace in six years, the National Retail Federation forecast on Tuesday, as shoppers turn more frugal and get picky with spending on non-essentials, reports Reuters.Holiday sales are set to rise between $979.5 billion and $989...