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

AMTOB eager to work closely with new govt

Leaders of the Association of Mobile Telecom Operators of Bangladesh (AMTOB) on Thursday expressed their willingness to work closely with the government on future initiatives aligned with national development goals.They expressed the desire during a courtesy call on Posts, Telecommunications and ICT and Science and Technology Minister Fakir Mahbub Anam,...

BGMEA pushes for quick release of Tk 57b in RMG incentives

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has urged the government to expedite the disbursement of Tk 57.0 billion in cash incentives for the ready-made garment (RMG) sector.The call came during a meeting with Finance Minister Amir Khosru Mahmud Chowdhury at the Secretariat on Wednesday, a delegation member, led by...

BGMEA accords reception to its members elected to JS

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Thursday accorded a reception to its members who have been elected members of parliament in the 13th national election.A total of 17 members from the readymade garment sector, including three ministers, three state ministers and one adviser to the Prime Minister, were...

Mitsui & Co. Asia Pacific signs partnership with ACI Logistics

Mitsui & Co., Ltd. ("Mitsui"), one of Japan's leading global trading and investment companies, has agreed to partner with ACI Logistics Limited (ACIL) by providing a foreign currency-denominated convertible loan, in accordance with the relevant regulatory approvals through its Singapore-based subsidiary Mitsui & Co. (Asia Pacific) Pte. Ltd. (MAP). The...

Egg auction shows supply and demand at work

The supply of eggs has exceeded demand for eggs, causing a low price, which has been sustained for months. When egg prices were high, government officers alleged that the egg market was controlled by a syndicate. Low prices have proven this allegation false.At its sales centre in Ashulia near Dhaka...

IMF urges US to work with partners to ease trade restrictions

WASHINGTON, United States, Feb 26 (AFP): The IMF on Wednesday called on the United States to work with trading partners and find ways to mutually ease trade curbs, as it issued a review of the world's biggest economy.The International Monetary Fund's findings covered the first year of Donald Trump's second...

NRBC Bank observing 'Remittance Service Month' during Ramadan

NRBC Bank PLC is observing the holy month of Ramadan as a 'Special Remittance Service Month' to encourage expatriates to send remittances through formal banking channels and to further expand related services. On this occasion, special gifts are being offered to remittance beneficiaries until Eid. The programme was inaugurated by...

Pubali Bank holds 200th meeting of Executive Risk Management Committee

The 200th meeting of Executive Risk Management Committee (ERMC) of Pubali Bank PLC was recently held on virtual platform. Managing Director & CEO Mohammad Ali attended the meeting as the chief guest, while Deputy Managing Directors: Ahmed Enayet Manzur, Md. Shahnewaz Khan and Mohammad Anisuzzaman were present as special guests....

Rare earth shortages worsen in US aerospace, chips despite trade truce

MONTREAL/BEIJING/WASHINGTON, Feb 26 (Reuters): Suppliers to US aerospace and semiconductor firms face worsening rare earth shortages, with two turning away some clients, industry insiders said, weeks before US President Donald Trump is expected to meet his Chinese counterpart Xi Jinping for a summit in Beijing.The shortages centre on rare earths...