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

Past deals behind energy price hike, commerce adviser says

The energy price hike was a result of past agreements signed during the previous government's tenure, as it significantly increased all costs in the energy sector, according to Commerce Adviser Sheikh Bashir Uddin."However, as corruption declines, we now have a chance to lower energy prices," he added during the inauguration...

GP partners with Radiant Pharmaceuticals to drive digital transformation

Grameenphone, the country's leading telecommunications provider, and Radiant Pharmaceuticals, a prominent name in the pharmaceutical industry, have entered into a strategic partnership to foster innovation, enhance operational efficiency, and deliver superior value to customers, says a statement of GP. The signing ceremony recently took place at a hotel in Dhaka,...

5th Extraordinary General Meeting of ICB Asset Management Company held

The 5th Extraordinary General Meeting of ICB Asset Management Company Limited was held in the city on Thursday. Professor Abu Ahmed, Chairman of the Board of Directors of the Company presided over the meeting. Md. Abul Hossain, Managing Director, Investment Corporation of Bangladesh, was present as special guest in the...

Union Bank directors meet

The 20th Board Meeting of the newly-formed Board of Directors of Union Bank PLC was held at the bank's Head Office in Dhaka on Thursday. Chairman of the bank Md Fariduddin Ahmed presided over the meeting. Managing Director (CC) of the bank Shafiuddin Ahmed was also present among others.

Indonesia industrial coal power plans undercut emissions pledge

JAKARTA, Feb 20 (AFP) : Indonesia's planned expansion of "captive" coal plants used to power industry is threatening its pledge to cut CO2 emissions by 2030 and close all coal-fired plants by a decade later, said a report published Thursday.Coal-dependent Indonesia, Southeast Asia's largest economy, is one of the world's...

Trump says trade deal with China is 'possible'

WASHINGTON, Feb 20 (AFP) : President Donald Trump on Wednesday suggested a trade deal was "possible" with China -- a key target in the US leader's tariffs policy.In 2020, the United States had already agreed to "a great trade deal with China" and a new deal was "possible," Trump told...

Indian refiners cancel palm oil orders due to price surge

MUMBAI, Feb 20 (Reuters): Indian refiners have cancelled orders for 70,000 metric tons of crude palm oil (CPO) scheduled for delivery between March and June, because of a surge in benchmark Malaysian prices and negative refining margins in India, four trade sources said.Refiners in the world's largest importer of palm...