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

Minister for utilising Indian industrial experience

Industries minister Nurul Majid Mahmud Humayunon Thursday stressed the need for utilising the Indian experience for development of the country's emerging industrial sectors. He gave the emphasis in response to a proposal by Indian High Commissioner to Bangladesh Vikram Kumar Doraiswami to utilise their expertise for expediting industrialisation of Bangladesh.The...

LightCastle, Larive sign strategic deal

LightCastle Partners, a Dhaka-based consulting firm, and Netherlands-based Larive International have entered a strategic agreement, says a statement. The partnership was formally announced recently at a webinar attended by senior representatives from the development, private and public sector.Larive International is a network of independent business development advisory firms in 24...

IFC supports businesses in poorest countries with $4.0 billion

The International Finance Corporation (IFC) has said it has so far extended $4.0 billion to private sector businesses in the poorest countries to help fight the coronavirus pandemic, reports BSS.The IFC, which is the largest global development institution focused on the private sector in emerging markets, in March committed $8.0...

South Bangla Agriculture and Commerce (SBAC) Bank Limited Managing Director and CEO Tariqul Islam Chowdhury

South Bangla Agriculture and Commerce (SBAC) Bank Limited Managing Director and CEO Tariqul Islam Chowdhury inaugurating the Yusuf Market Sub-Branch of the bank at Sarkar Shopping Complex of Dhanaid, Ashulia in Savar recently. SBAC Assistant Vice President and Head of Ashulia Branch Md Masud Kabir, Land Owner Idris Ali Sarkar...

BD beats India, Pakistan in sustainable trade

Bangladesh has surpassed India and Pakistan in terms of sustainable trade on the back of better performance in economic and social areas, says the Economist Intelligence Unit (EIU), reports thepolicytimes.com.The EIU is the research and analysis division of the Economist Group providing forecasting and advisory services.The country jumped five places...

Saudi to reform kafala worker sponsorship system in 2021

Saudi Arabia plans to cancel a foreign worker sponsorship system, known as kafala, and replace it with a new form of contract between employers and employees, the financial newspaper Maaal said on Tuesday, citing unnamed sources, reports Reuters.Saudi Arabia, which this year is chairing the Group of 20 major economies...

No normality within one week

The normal ferry service on Shimulia-Kathalbari river route will take at least more than a week after completion of the ongoing dredging work in the mighty river Padma, an official said.The number of ferry services has been slashed due to the dredging work for ensuring smooth navigability in the channel...

Bangladesh seeks two LNG cargoes for Dec delivery

Bangladesh's state-owned Rupantarita Prakritik Gas Company is seeking two liquefied natural gas (LNG) cargoes for delivery in December through separate tenders, two industry sources said, reports Reuters.It wants one cargo for delivery over Dec. 22-26 in a tender closing on Nov. 3 and another for Dec. 9-12 in a tender...

Dhaka attends apparel textile summit in Canada

Bangladesh has participated in a five-day Apparel Textile Sourcing Canada Virtual Summit in Canada that concluded on Friday where the country's apparel manufacturers attained knowledge on sustainability of the industry during post-Covid period, reports UNB. A Bangladesh delegation comprising Md Shakil Mahamud, Counselor, Commercial Affairs, Bangladesh High Commission in Ottawa,...