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

Microcredit disbursement rises by 30pc in FY'23

Loan disbursement by micro-finance institutions (MFIs) as well as the number of microcredit beneficiaries increased substantially across the country, thanks to a suitable policy and easy access to the loan, according to a latest report.Though the rate of interest is higher than that of other credits, microcredit disbursements by the...

ICC Bangladesh President Mahbubur Rahman hosted a farewell dinner in honour of Malaysian High Commissioner Haznah Binte Md. Hashim

ICC Bangladesh President Mahbubur Rahman hosted a farewell dinner in honour of Malaysian High Commissioner Haznah Binte Md. Hashim; Indonesian Ambassador Heru Hartanto Subolo and Head of the Mission of Singapore High Commission Sheela Pillai in Dhaka on Friday. Also seen in the picture, among others, are High Commissioner of...

BRAC Bank, GUK renew partnership to boost high-value crop output

BRAC Bank and Gram Unnayan Karma (GUK) have again signed a strategic alliance to help farmers in remote char areas grow high-value crops using innovative agricultural technology and knowhow.The two organisations will work together as part of a specially designed Corporate Social Responsibility (CSR) initiative focused on agriculture, says a...

Spot LNG prices remain at seven-month high amid Russian supply concerns

LONDON, Aug 11 (Reuters): Asian spot liquefied natural gas (LNG) prices remained at their highest level in over seven months, tracking European gains amid concerns over supply disruption.The average LNG price for September delivery into north-east Asia was at $12.90 per million British thermal units (mmBtu), industry sources estimated. This...

Unilever provides aid to 2,100 waste workers in Ctg

Unilever Bangladesh Limited (UBL) has taken an emergency humanitarian initiative to provide essential support to more than 2,100 waste workers from 41 wards in Chattogram to mitigate their financial instability and improve livelihood condition. The support gesture comes as a prompt response to an ongoing unrest that made waste workers...

Expat remittances from Saudi Arabia hit $3.2b

RIYADH, Aug 11 (Arab News): Expatriate remittances from Saudi Arabia reached $3.2 billion in June, reflecting an annual increase of 11.32 per cent, according to the latest data from the Saudi Central Bank, also known as SAMA.This figure underscores the Kingdom's significant role in global remittance flows and is a...

Pak govt claims progress in China debt talks

ISLAMABAD, Aug 11 (Express Tribune): Pakistan government has been able to achieve "positive development" in negotiations with China on debt re-profiling and conversion of power plants into local coal to pave the way for tariff reduction.Earlier, Prime Minister Shehbaz Sharif wrote a letter to the Chinese government, in which he...

Qatar sees 36pc rise in building permits issued

RIYADH, Aug 11 (Arab News): Qatar's construction sector is experiencing robust growth, with the nation documenting a 36 per cent month-on-month rise in building permits in July. This surge, highlighted in the latest data from the National Planning Council, reflects the increasing momentum in urban development, driven by public and...