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

Textile millers threaten to halt investments

Leaders of the country's primary textile millers on Tuesday threatened that they would not make any fresh investments unless the government announces an election date. Textile mills, already grappling with an acute gas shortage, will face closure one after another if the government doubles the gas price, they said, adding...

Uber contributes Tk 5.5b to BD economy in 2024

Uber supported economic growth in Bangladesh with Tk 5.5 billion of economic activity in 2024, according to a report.Uber, the leading ridesharing app in Bangladesh, released its economic impact report 2024 at an event on Tuesday.Md Ehsanul Hoque, senior secretary at Road Transport and Highways Division, and Mohammed Yasin, BRTA...

Govt ramps up market monitoring

The government has intensified its market monitoring of essential commodities ahead of the holy month of Ramadan. Three dedicated teams will start monitoring markets across Dhaka metropolitan today. The decision came from a workshop attended by leaders of market monitoring teams formed earlier to keep the prices and supply of...

Bhutan seeks jt venture investment with BD on hydropower

Bhutan is keen on joint venture investments with Bangladesh to tap into the hydropower potential of the Himalayan kingdom, Bhutanese Ambassador Rinchen Kuentsyl said on Tuesday.Bhutan has also taken steps to sign an agreement with Bangladesh's submarine cable company to get an alternative internet connection from Dhaka, he said.The ambassador...

Citizens Bank gets new DMD

Citizens Bank PLC appointed Md Mostafizur Rahman as Deputy Managing Director (DMD) of the bank. Previously, Mr. Rahman served as Senior Executive Vice President at Bank Asia, says a statement.With over 27 years of experience in the banking sector, Mr. Rahman has developed expertise with various leadership positions in prominent...

DESCO aims for uninterrupted power supply

Dhaka Electric Supply Company Limited (DESCO) recently held a view-exchange meeting aimed at ensuring an uninterrupted power supply during the upcoming Ramadan and summer. The meeting also focused on improving customer service and enhancing the skills of DESCO officials. Muhammad Rafiqul Islam, Chairman of the Board of Directors of DESCO...

BASIC Bank seminar on NPL

State-owned BASIC Bank Limited held a seminar on 'Non-Performing Loan (NPL) and Liability Management' on Monday in an effort to ramp up the recovery of NPLs, says a statement. The seminar held at the bank's training institute in the capital and brought together board members, senior executives, and bank's internal...