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

Ministry moves to enforce Hong Kong Convention in ship recycling

FE REPORTThe Ministry of Industries has asked Bangladesh Ship Recycling Board (BSRB) to take necessary measures to issue DASR in favour of compliant yards for operating their ship recycling activities in line with the Hong Kong Convention.To this effect, the ministry on Wednesday issued a notification, acknowledging the necessity of...

BB buys $10 million through auction to boost taka

Bangladesh Bank has purchased another US $10 million from commercial banks through an auction to boost dollar exchange rate against taka, reports UNB.On July 23, the central bank made this strategic move aimed to signal an upward trend for the depreciating US dollar in the local market.A deputy governor of...

Myanmar junta claims recapture of gold mining hub

YANGON, July 24 (AFP): Myanmar's junta claimed on Thursday to have ousted anti-coup rebels from a gold mining hub after a year-long battle, its second declared recapture of a key town in a week.A civil war has consumed Myanmar since a 2021 coup deposed the civilian government, with the military...

Govt eyes import of 3 spot LNG cargoes

FE REPORTThe government is planning to import three liquefied natural gas (LNG) cargoes from the spot market in late August and September to meet the growing domestic demand.State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has floated a tender to purchase the cargoes for the delivery windows of August 30-31, September...

BRAC Bank leads on climate transparency with full carbon emission disclosure

BRAC Bank has emerged as one of the first institutions in Bangladesh to publicly disclose 100% of its greenhouse gas (GHG) emissions, covering the full spectrum from internal operations to emissions generated through its financing activities, says a press statement. With the release of its Sustainability and Impact Report 2024,...

Premier Bank signs tripartite deal with Bank of Huzhou

Premier Bank signs tripartite deal with Bank of HuzhouA tripartite Strategic Business Cooperation Framework Agreement was signed among The Premier Bank PLC, Bank of Huzhou Co., Ltd. (China), and May International Trade Services Ltd. to enhance cross-border financing and multilateral financial cooperation. The agreement was formally signed at a programme...