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

BTMA demands smooth gas supply and price revision ,,

FE REPORTLeaders of the Bangladesh Textile Mills Association (BTMA) on Wednesday called for an uninterrupted gas supply and a revision of previously set prices, saying that mills are currently operating at only 30 to 40 per cent of their capacity due to a gas shortage.They also urged the interim government...

GPH ispat wins SDG Brand Champion Award

GPH ispat wins SDG Brand Champion Award GPH ispat, one of the leading steel manufacturers in the country, won the prestigious SDG Brand Champion Award for the second consecutive year. The award, presented in the Responsible Production and Consumption category, highlights GPH ispat's dedication to sustainability and innovation. On behalf...

Berger Paints gets two SDG Brand Champion Award

Berger Paints gets two SDG Brand Champion Award Berger Paints Bangladesh Limited has been recognized at the SDG Brand Champion Awards 2024 in two categories: Winner in Sustainable Partnerships & Institutions and Honourable Mention in Equity, Diversity, and Inclusion. The company was honoured for its groundbreaking female painting service, Rongona,...

Unilever achieves SDG Brand Champion Awards

Unilever achieves SDG Brand Champion AwardsUnilever Bangladesh Limited (UBL), the country's leading Fast-moving Consumer Goods (FMCG) company, was honoured with the SDG Brand Champion Awards 2024 in two categories for its impactful contributions: the 'Sustainable Partnerships & Institutions' award for its successful public-private partnerships and the 'Women's Inclusion and Leadership...

Details of new US bank capital rules still uncertain with election looming

WASHINGTON, Sept 11 (Reuters): US bank investors, analysts and executives were trying to figure out on Wednesday how lenders would fare under revised hikes in capital requirements, with considerable uncertainty over what specifics will emerge from the Federal Reserve and other regulators, and the presidential election a looming wild card.The...

Cold storage operators seek time extension for loan rescheduling

FE REPORT Cold storage operators have sought an extension for the rescheduling of their bank loans until December 2024, industry sources said. The Bangladesh Cold Storage Association (BCSA) has recently wrote to the finance and commerce adviser to address this issue.As per the BRPD Circular No. 47, issued in October...

Shahjalal Islami Bank bags 3 ICAB awards

Shahjalal Islami Bank bags 3 ICAB awards Shahjalal Islami Bank PLC won awards in three categories at the 24th ICAB National Award for the Best Presented Annual Reports-2023. The bank won the 1st Position (Gold) for the fourth consecutive time in the 'Private Sector Banks' category, the 2nd Position (Silver)...

Biman adds one more flight to Toronto route

FE REPORT Biman Bangladesh Airlines has decided to increase the frequency of its flights from Dhaka to Toronto from October 31 this year. Currently, Biman runs two flights a week on the route -- one flight on Tuesday and the other on Saturday. From October 31, an additional weekly flight...

Southeast Bank Hosts 'Business Review Meeting'

Southeast Bank Hosts 'Business Review Meeting'Southeast Bank PLC. recently held its Monthly "Business Review Meeting," based on the performance in the month of August. Presided over by the bank's Managing Director Nuruddin Md. Sadeque Hossain, the meeting brought together Senior Executives from the head office, Heads of branches, Manager Operations...

Terminated employees of IFIC Bank form a human chain in front of the IFIC Tower

Terminated employees of IFIC Bank form a human chain in front of the IFIC Tower at Purana Paltan in Dhaka on Wednesday demanding their reinstatement. — FE Photo

IMF agreement could give Ukraine access to $1.1b

SAN FRANCISCO, Sept 11 (AFP): The International Monetary Fund (IMF) late Tuesday said it has reached an agreement with Ukraine on an aid programme review that could open the door to $1.1 billion for the war-battered country.A staff-level agreement on the fifth review of the four-year Extended Fund Facility Agreement,...

RBI to stick to higher digital deposit buffer proposal

MUMBAI, Sept 11 (Reuters): India's central bank will stick to its plan to ask lenders to set aside more funds for digitally linked deposits, despite the industry's plea for a lower buffer to avoid a hit to their liquidity, three sources familiar with the matter told Reuters.In July, the Reserve...