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

Aman rice procurement exceeds target

The government's Aman rice procurement has exceeded its target, reaching 1.02 million tonnes so far. The higher procurement prices set by the government encouraged millers and farmers to supply their produce.In November, the government set a target to procure 0.7 million tonnes of the staple -- 0.6 million tonnes of...

Complaints lodged over 'irregularities' in foreign concession deals at Ctg port

Three complaints have been filed with the Anti-Corruption Commission (ACC), seeking an investigation into alleged irregularities and corruption in leasing key terminals of the Chattogram Port to foreign companies under concession agreements, reports UNB.Md Al Amin Hossain, spokesperson of civil society organisation Deshpremik Nagorik Samaj and its co-spokesperson Mohammad Ibrahim...

CAB protests obstruction to consumer watchdog drive

RAJSHAHI, Feb 22 (BSS): The Rajshahi chapter of the Consumers Association of Bangladesh (CAB) formed a human chain in protest against the public threats and attempts to create a mob by dishonest traders.The organisation's leaders demanded the immediate arrest and exemplary punishment of those involved in the incident that obstructed...

BSFF, TFM sign MoU to facilitate dev of aquaculture sector in BD

Bangladesh Shrimp and Fish Foundation (BSFF) and Thai Union Feedmill Public Company Limited (TFM) has recently signed an MoU to strengthen long-term collaboration in technology transfer, research, and focused development initiatives to facilitate sustainable development of aquaculture sector in Bangladesh, especially in the coastal region.Faiyaz Murshid Kazi, Ambassador of Bangladesh...

BB extends loan rescheduling deadline for raw jute exporters

Bangladesh Bank (BB) extended on Sunday the deadline for raw jute exporters to apply for loan rescheduling, aiming to support businesses facing liquidity challenges and help regularise defaulted loans, reports UNB.According to a circular issued by the Banking Regulation and Policy Department (BRPD) of the central bank, exporters now have...

China (HK) firm to invest $19.59m in RMG factory at Uttara EPZ

Tianford Bangladesh Textile Company Limited, a China (Hong Kong)-based company, has signed a land lease agreement with the Bangladesh Export Processing Zones Authority (BEPZA) to establish a garment manufacturing facility at Uttara Export Processing Zone (EPZ), with an investment of US$19.59 million, reports UNB.Md Tanvir Hossain, Executive Director (Investment Promotion)...

Shop with Nagad, win thrilling helicopter ride

Nagad, one of the country's leading mobile financial service providers, has come up with an exciting Ramadan campaign titled "Helicopter Offer", allowing customers to win an exclusive helicopter ride along with amazing cashback rewards.To participate, customers must make payments to selected merchants across various categories, such as footwear, apparel, online,...

Woman wins first motorcycle in Islami Bank Ria Money Transfer cash remittance festival

Shabnur Khatun, a client of Nimtola branch of Islami Bank Bangladesh PLC, won the first motorcycle at the cash remittance festival through Ria Money Transfer. She received the award for the remittance sent by her expatriate brother Mohammad Atik living in Brunei. Md. Omar Faruk Khan, Managing Director of the...

Community Bank backs start-up financing thru strategic investment in multi-bank venture capital fund

With a view to expanding innovation-driven financing and fostering entrepreneurship, Community Bank Bangladesh PLC has extended its patronage to Bangladesh Startup Investment Company under the 'Start-Up Financing Initiative'. The initiative has been undertaken as part of the bank's strategic vision to advance innovation-based financing in the country. At a ceremony...

Hungary threatens to block EU's 20th Russia sanctions package over halted oil shipments

BUDAPEST, Hungary, Feb 22 (AP): Budapest threatened to block a new package of European Union sanctions against Russia and to stall efforts to help Ukraine until Russian oil deliveries to Hungary resume.The EU's foreign ministers are set to meet in Brussels on Monday to discuss the bloc's 20th round of...

India delays US trade talks after Supreme Court rejects Trump tariffs

NEW DELHI, Feb 22 (Reuters): India has delayed plans to send a trade delegation to Washington this week, chiefly because of uncertainty after the US Supreme Court struck down tariffs imposed by President Donald Trump, a source in its trade ministry said on Sunday.One of the first concrete reactions among...