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

IDCOL requests Tk10b support for installation of 300 MW green power

Infrastructure Development Company Limited (IDCOL) has now turned its focus on promoting rooftop solar systems for both industries and public infrastructures.In this regard, IDCOL is seeking around Tk 10 billion in credit from the central bank to finance the installation of an additional 300 megawatts of electricity for industrial rooftop...

Midland Bank partners with IUB to promote financial literacy

Midland Bank PLC in collaboration with Career Guidance Placement and Alumni Relations (CGP&AR) of Independent University, Bangladesh (IUB) jointly organised a seminar on financial literacy at the DMK Lecture Gallery of IUB recently.The seminar was attended by IUB Vice-Chancellor Professor M. Tamim as the special guest while Md. Ahsan-uz Zaman,...

Shah Arpin Tila in Sylhet now gets iron gate to protect stones

SYLHET, Nov 20: The 138-acre Shah Arpin Tila in remote Companiganj upazila was almost levelled by the organised groups of stone looters during the last one year. However, the looting started during the last regime as political gangs were there and the administration failed to operate even amid protests. The...

Certificates awarded to newly-recruited IFIC Bank's management trainee officers

IFIC Bank PLC has awarded certificates to a total of 31 officers from the 4th batch of Management Trainees (Law and IT) at a closing ceremony held upon successful completion of an intensive three-month training programme. At the event held at IFIC Tower on Thursday, Managing Director of IFIC Bank...

Govt wants to complete rice procurement before nat’l polls: Food adviser

Food Adviser Ali Imam Majumder on Thursday said the government wants to complete the rice and paddy procurement across the country before the upcoming elections slated for February next, reports BSS. "Bangladesh is now self-sufficient in food, and the government maintains a record stock. The current administration is committed to...

Fish export to India halted thru Akhaura land port

Brahmanbaria, Nov 20 (UNB): Fish export to India through Akhaura land port in Brahmanbaria has been suspended due to complications over certification from the Fisheries Department.Traders said the unresolved issue could cut export earnings by at least Tk 15 million every day.According to traders, 50-70 tonnes of frozen fish are...

BB tightens rules on payment data submission following delays

Bangladesh Bank (BB) has issued a stern directive addressing widespread delays and inaccuracies in the submission of National Payment Data, reports BSS.The central issued a warning for Scheduled Banks, Payment Service Providers (PSPs), Mobile Financial Services (MFS), and the Digital Financial Service 'Nagad' of the Postal Department that non-compliance could...

US, Saudi tout new business deals at investment forum

WASHINGTON, Nov 20 (Reuters): Saudi and US officials touted billions of dollars in new investments and growing financial ties between the two countries on Wednesday, coinciding with Saudi Arabian Crown Prince Mohammed bin Salman's first visit to Washington since 2018.Sitting next to Trump in the White House, bin Salman on...

Nvidia's strong forecast calms AI bubble jitters, for now

Nvidia CEO Jensen Huang on Wednesday shrugged off concerns about an AI bubble as the company surprised Wall Street with accelerating growth after several quarters of slowing sales, reports Reuters.The chipmaker's stellar third-quarter earnings and fourth-quarter forecast calmed, at least temporarily, investor nerves over concerns an AI boom has outrun...

Resilient domestic economy gives India space to negotiate US trade deal

NEW DELHI/MUMBAI, Nov 20 (Reuters): India's strong domestic economy and a smaller-than-expected hit to exports are giving New Delhi more room to negotiate a trade deal with Washington, which has imposed tariffs as high as 50 per cent on imports from the country, Indian sources and analysts said.Indian exports to...

Walmart boosts outlook again, plans move to Nasdaq

Walmart on Thursday raised its annual forecasts for the second time this year after another strong quarter led by surging online sales, in a signal of confidence headed into the holiday season, reports Reuters.The company also said it plans to move its stock listing to Nasdaq from the New York...

BOJ set to hike interest rates in December

TOKYO, Nov 20 (Reuters): The Bank of Japan will raise interest rates at its upcoming December meeting, according to a slim majority of economists in a Reuters poll, pushing through with its aim of normalising monetary policy, backed by the yen's recent decline.Prime Minister Sanae Takaichi, a proponent of expansionary...

Moderna takes $1.5b loan, expects 10pc revenue growth next year

Moderna said on Thursday it secured a five-year loan of $1.5 billion from Ares Management, as it targets up to 10 per cent revenue growth next year, reports Reuters.The vaccine maker, which is expected to unveil strategy updates to analysts later on Thursday, said it will draw $600 million upfront,...