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

New policy formulated for TCB dealers

The government on Monday unveiled a new policy for appointing dealers for TCB open market sales to ensure greater transparency in the appointment of dealers and enhance their accountability.The document titled "Dealer Appointment and Management Policy 2025" for the Trading Corporation of Bangladesh (TCB) was published on the commerce ministry...

EBL partners with DEG and JIM to enhance climate risk assessment capabilities

Eastern Bank has signed a Technical Assistance (TA) Framework Agreement with DEG Impulse, a wholly owned subsidiary of DEG, and the Joint Impact Model (JIM) Foundation to bolster its capacity in assessing, measuring, and managing climate-related financial risks.The agreement was formally signed recently at EBL's head office in Dhaka by...

Push for more renewable energy use in RMG sector

Achieving energy efficiency through the increased use of renewable sources is vital for the country's readymade garment (RMG) sector to make it more competitive in the international market, speakers at an industry consultation workshop said on Monday.To this end, establishing strategic collaboration among the stakeholders, such as brands, lenders, technology...

Walton Brand launched in Sri Lanka

Global electronics brand Walton has officially launched its business operation in Sri Lanka -- another milestone towards becoming one of the top global electronics brands.Monik Trading Private Limited, a renowned Sri Lankan firm and Walton Brand's distributor, hosted the launching ceremony at a hotel in Colombo recently, says a statement....

UCB signs MoU with Ctg City Corporation for development of playground and park

With a commitment to a greener Chattogram, United Commercial Bank PLC (UCB) signed a Memorandum of Understanding (MoU) with Chattogram City Corporation (CCC) on Sunday. Under this agreement, the abandoned playground adjacent to the Karnaphuli Shishu Park in Agrabad will be transformed into a modern, child-friendly recreational centre equipped with...

MERCANTILE BANK RELOCATES 'HEMAYETPUR BRANCH'

The 'Hemayetpur Branch' of Mercantile Bank PLC was shifted to a new location on Sunday to provide developed banking services in spacious arrangement. Mati Ul Hasan, Managing Director of the bank, virtually inaugurated the branch by cutting a ribbon at a ceremony held at the Head Office of the bank...

Premier Bank signs MoU with Pension Authority

The Premier Bank PLC and National Pension Authority has signed a MoU at the Ministry of Finance for registration of Universal Pension Schemes and collection of subscription fees. Mohammad Abu Jafar, Managing Director & CEO, the Premier Bank, and Md Mahiuddin Khan, Executive Chairman, National Pension Authority, signed the agreement...

Midland Bank Signs MoU with Pension Authority

Midland Bank PLC signed a Memorandum of Understanding (MoU) with the National Pension Authority to support the implementation of the Government's Universal Pension Scheme. The signing ceremony was held at in the conference room of the Finance Division at the Ministry of Finance recently. Under the MoU, Midland Bank will...

Qatar Airways posts record $2b profit

DOHA, May 19 (AFP): Qatar Airways posted a 28 per cent jump in annual net profit to a record $2.15 billion on Monday."These record-breaking results are a testament to the hard work, skill and dedication of teams across all of Qatar Airways Group," said the state-owned carrier's chief executive, Badr...

US consumer sentiment slumps, households brace for inflation surge

WASHINGTON, May 19 (Reuters): US consumer sentiment deteriorated further in May, with one-year inflation expectations soaring to levels last seen in late 1981 amid escalating fears over the economic impact of President Donald Trump's trade policy.The University of Michigan's Surveys of Consumers on Friday showed a significant decline in morale...

WB announces plans to restart Syria operations

WASHINGTON, May 19 (AFP): The World Bank (WB) has said it would restart operations in Syria following a 14-year pause, after Saudi Arabia and Qatar had paid off the country's outstanding debts.The Bank's operations in Syria were halted when the civil war broke out in 2011, preventing the country from...

Indonesia palm oil group GAPKI urges govt to delay levy hike

JAKARTA, May 19 (Reuters): The Indonesia Palm Oil Association, GAPKI, on Friday urged the government to delay a planned hike in the palm oil export levy, warning it could harm competitiveness amid global trade uncertainties due to the US tariffs and geopolitical tension.Indonesia is due to raise its palm oil...

Adidas, Puma family feud to be turned into TV series

CANNES, May 19 (AFP): The bitter brotherly feud that sparked the creation of sports-shoe brands Adidas and Puma in the same small German town in the 1940s is to be turned into a television series with the help of family archives, its producers announced Sunday.Hollywood-based film producer No Fat Ego...