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

FICCI sends SOS to lift curfew as economy endures $10b hit

The internet shutdown and subsequent curfew imposed to control violent conflict during the nationwide anti-quota movement have already resulted in a staggering $10 billion loss, according to the Foreign Investors' Chamber of Commerce & Industry, as it calls for lifting movement restrictions immediately to mitigate mounting economic losses.Despite a gradual...

BGMEA to seek support from global buyers amid supply chain disruptions

Leaders of the garment industry will meet with representatives of global apparel buyers in Dhaka today (Monday) to discuss current issues and potential solutions concerning the supply chain disruptions caused by the anti-quota movement.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) will also seek support from the buyers' forum and...

Livestock Dept counts Tk 55m loss

The Department of Livestock has sustained damage estimated between Tk 50 million and Tk 55 million as a result of the nationwide violence over the quota-reform protests, Fisheries and Livestock Minister M Abdur Rahman said on Sunday.During the protests, the Savar upazila livestock office and a mobile veterinary hospital came...

Toyota to build EV battery plant for Lexus cars

TOKYO, July 28 (Reuters): Japan's Toyota Motor plans to build a battery plant for electric vehicles in the southwestern prefecture of Fukuoka and supply its batteries to a factory that makes luxury Lexus brand cars, the Nikkei business daily reported on Friday.The world's top-selling automaker would seek to make the...

SHAHJALAL ISLAMI BANK ORGANISES TREE PLANTATION PROGRAMME

As part of its corporate social responsibility, Shahjalal Islami Bank PLC organised a tree plantation programme on the Markazul Ulum Madrasa premises in Parshuram upazila of Feni district on Saturday. Additional Managing Director of the bank Abdul Aziz was present as the chief guest and planted trees. He also distributed...

$3 trillion needed a year for climate financing: Yellen

BELEM, Brazil, July 28 (Reuters): US Treasury Secretary Janet Yellen said on Saturday that the global transition to a low-carbon economy requires $3 trillion in new capital each year through 2050, far above current annual financing, but that filling the gap is the biggest economic opportunity of the 21st century.Yellen...