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

Govt plans TCB reforms to improve distribution of essentials

Commerce Adviser Sk Bashir Uddin on Wednesday pledged major reforms at the Trading Corporation of Bangladesh (TCB), saying the interim government is implementing initiatives to maximise essential commodities' distribution through the state-run organisation. He admitted that mismanagement during the previous dictatorial regime had set back progress.Bashir made the observations at...

StanChart, Biman launch first Regional Treasury Centre

Standard Chartered Bank has announced a strategic partnership with Biman Bangladesh Airlines to establish the airline's first Regional Treasury Centre (RTC), says a statement. This initiative marks a major milestone in Biman's financial transformation journey and underscores its commitment to operational excellence. Powered by Standard Chartered's state-of-the-art Host-to-Host (H2H) solution,...

BTMA seeks duty-free access to US for its cotton-based items

The Bangladesh Textile Mills Association (BTMA) has called for duty-free access to the United States market for ready-made garment (RMG) products manufactured using US cotton, reports UNB.In a recent letter to Gary Adams, President and CEO of the National Cotton Council of America (NCCA), BTMA President Showkat Aziz Russell requested...

Five 'I's that prompt multilateral entities to choose BRAC Bank as their dev partner

BRAC Bank is widely recognised as a preferred development partner by multilateral organisations for its capability to deliver inclusive financial solutions that create meaningful and measurable impacts.From securing strategic financing to implementing development-driven innovations, BRAC Bank has consistently demonstrated its ability to turn financial inclusion into transformative changes. BRAC Bank...

Five 'I's that prompt multilateral entities to choose BRAC Bank as their dev partner

BD, Japan hold B2B meet to boost trade and investment

A business-to-business (B2B) meet between Japan and Bangladesh was held in Tokyo on Tuesday with an aim to foster bilateral trade and investment between the two countries.Fourteen Bangladeshi companies from diverse sectors -- including power, engineering, construction, logistics, shipping, Special Economic Zone (SEZ) management, ICT parks, real estate & hospitality,...

Walton rolls out new Android tab

Walton Digi-Tech Industries Limited has launched its new tablet 'Walpad 9G', says a statement.Equipped with cutting-edge features, this tablet offers a great combination of powerful specifications and attractive design at very affordable price. The 'Walpad 9G' tab, which is run by Android 14 operating system, features Helio G99 octa-core processor...

Shimanto Bank inks MoU with Asgar Ali Hospital

Shimanto Bank PLC has recently signed a Memorandum of Understanding (MoU) with Asgar Ali Hospital at the bank's Head Office. Under this agreement, all Debit and Credit Card holders, as well as employees of Shimanto Bank will be entitled to enjoy exclusive benefits and special facilities when availing healthcare services...

Gold falls 2pc as Trump comments on China boost risk sentiment

Gold on Wednesday extended its retreat from an all-time high, as appetite for riskier assets improved after President Donald Trump said he has no plans to fire the US central bank chief and also signalled progress with China on the tariff front, reports Reuters.Spot gold slipped 2.2% at $3,305.79 an...

Sri Lanka’s poverty alarmingly high: WB

COLOMBO, Apr 23 (AFP): About a quarter of cash-strapped Sri Lanka's population was living in poverty despite the economy making a "remarkable recovery" from its worst financial meltdown, the World Bank (WB) said on Wednesday.The South Asian nation's growth surpassed the Bank's forecast of 4.4 per cent, recording 5.0 per...

Apple fined $570m, Meta $228m for breach of EU law

BRUSSELS, Apr 23 (Reuters): Apple was fined 500 million euros ($570 million) on Wednesday and Meta 200 million euros, as European Union antitrust regulators handed out the first sanctions under landmark legislation aimed at curbing the power of Big Tech.The EU fines could stoke tensions with U.S President Donald Trump...

Boeing reports small quarterly loss

NEW YORK, Apr 23 (AFP): Boeing reported a smaller than expected quarterly loss Wednesday, while confirming targets to raise commercial plane production as it bolsters its safety efforts following major incidents.The aviation giant reported a loss of $123 million in the first quarter, smaller than the $343 million loss in...