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

S Korean team inspects Chandpur suspension bridge project

CHANDPUR, Nov 28 (BSS): The implementation of the long-anticipated Chandpur-Munshiganj District connecting Matlab-Gajaria Suspension Bridge Project is finally moving forward.This bridge is slated to be the country's only long suspension bridge.The site of the project, which has already received approval from the Executive Committee of the National Economic Council (ECNEC),...

Ex-Padma Bank chairman Nafis Sharafat, three others sued

The Criminal Investigation Department (CID) has filed a money laundering case against former Padma Bank chairman Chowdhury Nafis Sharafat and three others for allegedly misappropriating over Tk 16.13 billion (1,613.68 crore).The case was filed with Gulshan Police Station on November 27 following an investigation by the CID's Financial Crime Unit,...

Workers strike on Black Friday at Amazon warehouses

LONDON, Nov 28 (Reuters): Workers went on strike at Amazon warehouses in Germany on Black Friday aiming to disrupt operations on a key sales day as they push for a collective bargaining agreement, with separate protests also planned outside Zara stores in Spain.Services union Verdi said around 3,000 workers were...

Pubali Bank signs deal with BPC to migrate to SmartVista Card Management System

Pubali Bank PLC has signed an agreement with BPC, global payments solutions provider, to migrate from its legacy stack to the next-generation SmartVista Card Management System as part of a strategic programme to enhance its digital footprint and modernise banking operations. The new platform is expected to accelerate collaboration with...

Master plan to propose 500-900 tourists on St. Martin's per day

The draft "Master Plan of Saint Martin's Island" has proposed limiting tourism to about 500 to 900 visitors per day within designated areas in the country's lone coral island aiming to prevent ecological degradation there, reports BSS.It also suggested restricting tourism activities to 4.1 km of beach in the General...

NRBC Bank-DRU Scholarship Awarded to Children of Deceased Journalists

NRBC Bank, in collaboration with Dhaka Reporters Unity (DRU), has awarded scholarships to the children of journalists who died while in service, says a press release. Under the bank's Corporate Social Responsibility (CSR) Fund, the children of 33 deceased DRU members will each receive an annual stipend of Tk 36,000...

Several proposals not reflected in amended labour law

A number of proposals of the Tripartite Consultative Committee (TCC) and workers' representatives, especially in the areas of freedom of association and collective bargaining, have not incorporated in the latest amendments to the labour law, which might provide uneven advantages to employers. Hailing several changes including the provision for wage...

Gold prices head for fourth monthly gain

SINGAPORE, Nov 28 (Reuters): Spot gold rose 1 per cent to a two-week high on Friday, as expectations that the Federal Reserve will trim interest rates next month lifted demand for the non-yielding asset, while silver hit a fresh record high.Spot gold rose 0.9 per cent to $4,192.78 per ounce...

Asian LNG spot prices at 8-week low on high inventories, weak demand

LONDON, Nov 28 (Reuters): Asian spot liquefied natural gas prices hit their lowest level in eight weeks on continued muted demand and high inventories, tracking a drop in European gas prices on hopes of a Ukraine peace deal.The average LNG price for January delivery into north-east Asia was $10.90 per...

S Arabia may reduce January oil prices to Asia to five-year low

SINGAPORE, Nov 28 (Reuters): Saudi Arabia, the world's biggest oil exporter, is expected to lower its January crude price for Asian buyers for a second month to its lowest level for five years, tracking the decline in spot benchmark prices, sources said on Friday.The January official selling price for flagship...

Canada's Q3 annualised GDP surprises with growth of 2.6pc

OTTAWA, Nov 28 (Reuters): Canada's economy grew at a much faster pace than expected in the third quarter as crude oil exports and government spending boosted economic activity, data showed on Friday, even as business investments and household consumption disappointed due to the lingering uncertainty over US tariffs.Third-quarter annualized gross...

Govt to finalise 25-yr master plan to modernise agri by Dec

The government is in the final stages of formulating a 25-year master plan to transform Bangladesh's agriculture into a modern, sustainable, and export-driven sector, aiming to boost productivity, reduce import dependency, and meet growing global market demand."The integrated plan, which takes into account future risks and technological advancements, is expected...

India economic growth beats forecasts but tariffs loom

NEW DELHI, Nov 28 (AFP): India's economy grew faster than expected in the last quarter, official data showed Friday, but the impact from US tariffs is expected to bite in the rest of the financial year.Gross domestic product rose 8.2 per cent year-on-year in the July-September period, the statistics ministry...