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

Lack of compliance, int'l certification hinders growth of leather goods exports: Experts

The untapped potential of Bangladesh's leather and leather goods exports is being held back by non-compliance with international standards, absence of environmental certifications, declining rawhide quality, and a fragmented, inefficient supply chain, industry experts said on Sunday.They called for consistent policy support and a comprehensive roadmap to transform the leather...

Training on inclusive banking for persons with disabilities

A three-day training programme titled "Breaking Attitudinal Barriers: Inclusive Banking for Persons with Disabilities" was held at Lakeshore Heights in Dhaka from May 23 to 25. The event was jointly organised by Monash University Australia, Team Inclusion Bangladesh, and Prime Bank PLC.The programme focused on promoting disability inclusion and a...

Beijing seeks stronger economic ties with Dhaka

Chinese Commerce Minister Wang Wentao is scheduled to arrive in Dhaka on May 31 to discuss issues of mutual interest and "elevate" Bangladesh-China economic and trade relations to a new level.During his two-day visit, Minister Wentao is likely to meet Chief Adviser Prof Muhammad Yunus and Commerce Adviser Sk Bashir...

ICC Bangladesh hosts workshop on Back-to-Back L/C for bankers in Ctg

ICC Bangladesh organised a daylong workshop on 'Export Operations, Back-to-Back LC Mechanism and Challenges of Export Finance' in Chattogram on Saturday. Md. Ahsan Ullah (centre), Adviser to the Bangladesh Bank Governor, inaugurated the workshop as the chief guest. Also seen in the picture are ICCB Secretary General Ataur Rahman and...

SHAHJALAL ISLAMI BANK SIGNS MOU WITH UNION DEVELOPMENT & TECHNOLOGIES

A Memorandum of Understanding (MoU) has been signed between Shahjalal Islami Bank PLC and Union Development & Technologies Limited at the Corporate Head Office of the bank on Sunday. Deputy Managing Director of the bank Mustafa Husain and Managing Director of Union Development Sheikh Abul Hashem signed the MoU in...

TRUST BANK, GRAMEENPHONE SIGN MOU TO LAUNCH CO-BRANDED CREDIT CARD

Trust Bank and Grameenphone have signed a Memorandum of Understanding (MoU) to introduce Co-Branded Credit Card, exclusively designed for GPSTAR customers. This unique collaboration aims to enhance customer experience by providing exclusive privileges, like free GP Internet bundles, discounts and benefits to the high-value and loyal customers of Grameenphone under...

MODHUMOTI BANK HOLDS 134TH MEETING OF EXECUTIVE COMMITTEE

The 134th Meeting of the Executive Committee of Modhumoti Bank PLC was held at the bank's Head Office in Dhaka on Thursday. The meeting was presided over by EC Chairman Salahuddin Alamgir. Among others, committee members Mostafa Kamal, Mohammad Ismail Hossain, Nemai Kumar Saha and Humayun Kabir Bablu and Managing...

Nvidia to launch cheaper Blackwell AI chip for China

BEIJING/TAIPEI, May 25 (Reuters): Nvidia will launch a new artificial intelligence chipset for China at a significantly lower price than its recently restricted H20 model and plans to start mass production as early as June, sources familiar with the matter said.The GPU or graphics processing unit will be part of...

Congo eyes US minerals deal

Officials from the Democratic Republic of Congo are optimistic they can reach a deal with Washington next month to secure U.S investment in critical minerals alongside support to end a Rwandan-backed rebellion in the country's east, the Financial Times reported on Sunday, reports Reuters.Congolese minerals such as tungsten, tantalum and...

Spot LNG prices rise amid renewed demand

LONDON, May 25 (Reuters): Asian spot liquefied natural gas (LNG) prices rose for the third week running to a two-week high amid renewed demand, weak production in Malaysia and as Egypt seeks to secure huge volumes for the rest of the year.The average LNG price for July delivery into north-east...

Panama-flagged vessels must notify authority of ship-to-ship transfers

PANAMA CITY, May 25 (Reuters): Panama's Maritime Authority said on Friday it will reinforce controls for ship-to-ship operations by Panama-flagged vessels, following an increase in the use of "dark-fleet" tankers to skirt sanctions or evade environmental requirements.The US has increased pressure on countries with large vessel registries to help enforce...