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

Textile waste management system needs formalisation: Experts

Bangladesh's informal textile waste management system must be formalised to align with the European Union's (EU) sustainable product regulations, experts said on Tuesday during a discussion aimed at improving the country's ready-made garment (RMG) industry.The discussion was titled to be about switching to practices in the RMG industry that lead...

BMMDP launches two funds to boost climate resilience

The Bangladesh Microinsurance Market Development Programme (BMMDP), funded by the Embassy of Switzerland in Bangladesh and implemented by Swisscontact, has launched two key initiatives aimed at boosting climate resilience. The Udoy Climate Microinsurance Innovation Fund and the Abhoy Climate Risk Resilience Fund were introduced at an event recently, says a...

IFAD boosts climate finance amid food system transformation

The International Fund for Agricultural Development (IFAD), a UN specialised agency and international financial institution, has both increased and exceeded its goals in delivering financing to rural and vulnerable populations, reports UNB.This achievement comes at a time when the transformation of food systems in the face of climate change requires...

Proposed EPA with Japan will boost trade: Bashir

Newly-appointed Commerce Advisor Sk Bashir Uddin has expressed hope that the proposed Economic Partnership Agreement (EPA) will brighten trade prospects between Bangladesh and Japan. It would open new doors of opportunities for Bangladesh, he said during a courtesy meeting with IWAMA Kiminori, ambassador of Japan to Bangladesh, at the secretariat...

BRAC Bank's NPAT grows 74pc in nine months

BRAC Bank's consolidated net profit after tax (NPAT) registered a growth of 74 per cent year-on -year (YoY) to reach Tk 10.11 billion during the first nine months of 2024. On a standalone basis, the bank saw a NPAT growth of 64 per cent, posting Tk 8.27 billion. The bank...

Unit 2 goes offline for two months for maintenance

PATUAKHALI, Nov 12 (UNB): One unit of the Payra 1320 MW Thermal Power Plant in Patuakhali will remain out of service for the next two months for essential maintenance, according to plant officials.The scheduled shutdown of Unit 2, which began on November 10, is aimed at ensuring the long-term reliability...

EBL secures $35m loan from OPEC Fund

Eastern Bank PLC (EBL), a leading private sector financial institution, has secured a $35 million loan from the OPEC Fund for International Development, says a statement. The loan aims to strengthen Bangladesh's economic resilience by enhancing access to finance for small and medium-sized enterprises (SMEs), promoting agribusiness, supporting trade finance,...

AB BANK HOLDS TRAINING PROGRAMME

AB Bank PLC recently organised a daylong training programme on 'Prevention of Trade Based Money Laundering' for its officials of AD Branches and Head Office. The training programme was attended by Mohammad Mokter Hossain, Additional Director of Bangladesh Financial Intelligence Unit (BFIU), as the chief guest; Kaiser A. Chowdhury, Consultant...

KAZI FARMS HOSTS 28TH ANNUAL AGENT CONFERENCE

Kazi Farms hosted its 28th Annual Agent Conference at Hotel Sea Palace in Cox's Bazar recently. Dr Mohammad Rezaul Haque, Director General, Department of Livestock Services, was present as the chief guest while Kazi Zahedul Hasan, Managing Director, Kazi Farms, presided over the event. Top-performing agents of the company across...

Indian wheat prices hit record high on strong demand

MUMBAI, Nov 12 (Reuters): Indian wheat prices have jumped to a record high due to strong demand, limited supplies, and a delay in the government releasing stocks from its warehouses to augment supplies, industry officials said on Tuesday.The record prices are likely to lift retail inflation that surged to a...