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

Raise export incentive to 10pc

Bangladesh's plastic goods and toy industries have great potentials as the sector is eyeing US$1.0 billion worth of export earnings by 2030.To tap the potentials, the local industry leaders have demanded that the government raise the export incentive to 10 per cent from the existing 6.0 per cent.The demand was...

Labour Ministry's share in budget shrinking every year: Dr Golam Moazzem

Despite an increase in absolute allocation, the labour sector's proportional share in the national budget has been declining over the years, economist Dr. Golam Moazzem said on Tuesday, reports UNB.Speaking at a roundtable titled "What Kind of Budget Do Workers Need?" at the National Press Club, the Research Director of...

Productivity dropped over the last 15 years

Commerce Adviser Sheikh Bashir Uddin has alleged that the productivity of both public and private sectors across Bangladesh has been systematically eroded over the past 15 years, reports bdnews24.com.Speaking at a seminar titled "Competition Policy in Bangladesh: Opportunities, Challenges and the Way Forward", on Tuesday, he said that this phenomenon...

Chief Adviser's Special Assistant Faiz Ahmad Taiyeb briefed on the launch of Starlink

Chief Adviser's Special Assistant Faiz Ahmad Taiyeb briefed on the launch of Starlink at a press conference held at the Foreign Service Academy in the capital on Tuesday. Chief Adviser's Press Secretary Shafiqul Alam was also present. - PID

The Premier Bank launches Bancassurance services

The Premier Bank PLC has formally inaugurated its Bancassurance Business at a ceremony held at its Head Office in Dhaka recently. This initiative marks a significant step forward in the bank's strategic direction to integrate insurance services within its banking operations through collaboration with Life Insurance Corporation (LIC) of Bangladesh...

NCC Bank and bKash sign MoU to launch 24/7 automated cash management services

NCC Bank PLC. and bKash Limited have entered into a strategic partnership by signing a Memorandum of Understanding (MoU) to offer 24/7 automated cash management services. This initiatives aims at enhancing financial transactions efficiency for bKash distributors, agents, and merchants. The new service enables bKash stakeholders with NCC Bank accounts...

Global steel sector lags on green transition

SINGAPORE, May 20 (Reuters): As much as 303 million metric tons per year of new high-emitting blast furnace capacity is under development, especially in major steel producers India and China, new research showed, suggesting it will still make up the vast majority of productionby 2030.Steel production is responsible for about...

US tariffs dampen mood of global exporters: Study

BERLIN, May 20 (Reuters): The wave of new US tariffs has severely dampened the mood among exporters and 42 per cent of companies now expect their export revenues to decline markedly, according to a global survey by Allianz Trade published on Tuesday.The credit insurer surveyed 4,500 exporters in Germany, France,...

China's coal imports from Russia drop

BEIJING, May 20 (Reuters): China's coal imports from Russia fell 13 per cent in April from the same month last year to 7.397 million metric tons, customs data showed on Tuesday, as overall coal imports fell sharply.Russian coal shipments to China could increase in the coming months as Moscow is...

British carbon prices rise after news of deal on EU link

LONDON, May 20 (Reuters): Britain and the European Union will work towards linking their respective carbon markets as part of a wider reset in relations, they said on Monday, leading to a 6 per cent rise in British carbon prices.Both the EU and UK charge power plants and other industrial...

Brazil can no longer export poultry and meat to EU due to bird flu

BRUSSELS/PARIS, May 20 (Reuters): Brazil, the world's largest poultry exporter and main poultry meat importer into the European Union, is no longer allowed to ship poultry and meat products to the EU due to the outbreak of bird flu, the European Commission said on Monday.This comes after Brazil confirmed its...

Airbus in talks with Malaysian airlines for its A220 planes

KUALA LUMPUR, May 20 (Reuters): European planemaker Airbus (AIR.PA), opens new tab is holding talks with airlines in Malaysia for its A220 aircraft, state news agency Bernama said on Monday, citing a top company executive.Airbus sees potential for the A220 in Malaysia, where about 150 of its other commercial planes...

Shanghai exchange looks to open domestic nickel contract to foreigners this year

HONG KONG/LONDON, May 20 (Reuters): The Shanghai Futures Exchange (ShFE) is considering opening its domestic nickel futures contract to foreign investors this year, instead of launching a separate contract on its International Energy Exchange (INE), two sources with knowledge of the matter said.ShFE has been exploring a more internationally-accessible nickel...