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

Understanding foreigners key to efficient cross-border trade

With an increase in international trade of Bangladesh, efficient cross-border trade will have notable implications for its LDC graduation process. It is, therefore, imperative to understand the country's foreign business partners.International trade finance landscape is also facing increasing risks due to geopolitical tensions and complex regulations such as new US...

Commerce adviser optimistic about GSP facility restoration

Commerce Adviser Sheikh Bashir Uddin expressed optimism about the restoration of the United States' Generalised System of Preferences (GSP) facility for Bangladesh.He shared his hopes with journalists after a meeting with a high-level US delegation, led by Kelly M. Fay Rodriguez, the US Special Representative for International Labour Affairs, at...

Asian spot LNG gains amid colder weather

SINGAPORE, Nov 24 (Reuters): Asian spot liquefied natural gas (LNG) prices rose last week to their highest level of the year so far, tracking gains in European gas and amid colder temperatures in both regions.The average LNG price for January delivery into northeast Asia rose to $14.60 per million British...

Excelerate delivers two LNG cargoes in Nov

Excelerate Energy has delivered two cargoes of liquefied natural gas (LNG) to Petrobangla through the company's two floating storage and regasification units (FSRUs) located offshore Moheshkhali Island in November."Excelerate Energy is pleased to help fuel Bangladesh's economy through its flexible infrastructure and the delivery of affordable LNG supply," said Steven...

ISLAMI BANK OPENS PATHERHAT BRANCH IN RAOZAN

Islami Bank Bangladesh PLC inaugurated its 397th branch namely 'Patherhat Branch' at Raozan in Chattogram on Sunday. Obayed Ullah Al Masud, chairman of the bank, addressed the programme virtually as the chief guest. Dr. M. Masud Rahman, chairman of Risk Management Committee, and Mohammad Khurshid Wahab, independent director, were present...

NRBC BANK-DRU PROVIDES SCHOLARSHIPS TO STUDENTS

NRBC Bank-Dhaka Reporters Unity (DRU) has provided scholarships to children of 30 deceased journalists for their education. The students will be provided with an annual scholarship of Tk 36,000 at the rate of Tk 3,000 per family per month. Commerce Adviser Sheikh Bashir Uddin was present as the chief guest...

NATIONAL BANK HOLDS STRATEGIC REVIEW MEETING

National Bank held a strategic review meeting at the National Bank Training Institute in Dhaka on Saturday, focusing on current and upcoming action plans for the next year. Md. Touhidul Alam Khan, Managing Director & CEO of the bank, attended the meeting as the chief guest. Deputy Managing Directors Sheikh...

AL ARAFAH ISLAMI BANK SCHOOL BANKING CAMPAIGN HELD

Al-Arafah Islami Bank (AIB) has organised a 'School Banking' campaign at Ibn Taymiyya School and College in Cumilla to foster saving spirit among students. Bangladesh Bank Executive Director Husne Ara Shikha was present as the chief guest at the event held at the college's convention hall on Saturday. AIB Deputy...

BANGLALINK WINS PROJECT MANAGEMENT AWARDS

Banglalink won the prestigious 'Project Management Awards 2024' from the Project Management Institute (PMI) Bangladesh, a US-based not-for-profit professional organisation for project management. The recognition was awarded for 'Cumilla DC DR Project' which excelled in three categories: Project of the Year, Project Manager of the Year, and runner-up Programme Management...

US consumers to bargain hunt in annual 'Black Friday' spree

NEW YORK, Nov 24 (AFP): US shoppers are coming out in force this holiday season, but the festiveness is being tempered by inflationary pressures that have abated but not completely faded.After the sticker shock during the latter stages of the pandemic, a familiar frustration has settled in towards consumer prices...

UK’s Asda brings back industry veteran Leighton to lead business

LONDON, Nov 24 (Reuters): Struggling British supermarket Asda said on Saturday veteran retailer Allan Leighton would return as executive chairman, more than two decades after he served as CEO when he turned around the business before selling it to Walmart.Britain's third largest grocer, now majority owned by private equity firm...

Saudi Arabia's non-oil exports surge 16.8pc

RIYADH, Nov 24 (Arab News): Saudi Arabia's non-oil exports reached SR79.48 billion ($21.17 billion) in the third quarter of 2024, a rise of 16.76 per cent compared to the same period in 2023, according to official data. As reported by the General Authority for Statistics, the Kingdom exported non-oil goods...