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

BTMA seeks 15pc cap on FoC fabric imports

The Bangladesh Textile Mills Association (BTMA) has requested the government to tighten the proposed 'Free of Cost' (FoC) import regime by capping cotton yarn and fabric imports at 15 per cent of the previous year's export value and introducing mandatory minimum local value-addition requirements for apparel exports.In a letter, President...

Danish Ambassador in Dhaka Christian Brix Moller meets Finance Minister

Danish Ambassador in Dhaka Christian Brix Moller meets Finance Minister Amir Khosru Mahmud Chowdhury at his ministry on Monday. — PID

BEZA signs $13.7m investment land lease deal

The Bangladesh Economic Zones Authority (BEZA) on Monday signed a land lease agreement with Jenson & Nicholson Packaging Limited for an investment of approximately US$13.7 million to establish a manufacturing facility at the National Special Economic Zone, reports BSS.Under the agreement, the company will set up the industrial unit on...

Gold price drops by Tk 2,216 per bhori

Bangladesh Jewellers' Association (BAJUS) has reduced the price of gold.BAJUS Standing Committee on Pricing and Price Monitoring announced the revised gold price in a notice signed by the Committee's Chairman Dr Dewan Aminul Islam Shahin on Monday.As per the latest decision, the price of the highest-quality 22-carat gold has been...

Monsoon rains push up essentials prices in Ctg

CHATTOGRAM, July 13: Prices of essential commodities have climbed sharply in Chattogram amid persistent monsoon rain, adding to consumers' financial burden. Consumers alleged that traders are using the rainy spell as a pretext to raise prices gradually despite an adequate supply.Residents say prices have been increasing almost daily since monsoon...

Shwapno launches new outlet in Mirpur

Shwapno, the country's largest retail chain, has launched a new outlet in the Mirpur-2 area of Dhaka. The approximately 9,000-square-foot outlet, located on Mirpur Model Thana Road, was officially inaugurated on Thursday. With this addition, the country's largest supermarket chain now operates a total of 961 outlets nationwide, says a...

MERCANTILE BANK LAUNCHES SICIP ENTREPRENEUR TRAINING IN CTG

Mercantile Bank PLC has launched a 100-hour "Entrepreneurship Development" training programme in Chattogram. The inaugural ceremony was presided over by Md. Zakir Hossain, Deputy Managing Director and CRO of Mercantile Bank. Syeda Amina Fahmeen, Additional Secretary, Finance Division, attended the event as the chief guest, while Husne Ara Shikha, Executive...

AL-ARAFAH ISLAMI BANK ORGANISES WORKSHOP FOR SME ENTREPRENEURS DEVELOPMENT

Al-Arafah Islami Bank has organised a month-long specialised Entrepreneurship Development Training Program to promote entrepreneurship and support the sustainable growth of the CMSME sector. The program is being held in Jhalakathi under the initiative of the Project Implementation Unit (PIU) of the SME Special Program Department (SMESPD) of Bangladesh Bank,...

SIBL HOLDS BUSINESS REVIEW MEETING WITH DHAKA NORTH AND SOUTH REGION BRANCHES

A business review meeting with the participation of 23 branches of Social Islami Bank PLC, operating under Sammilito Islami Bank PLC, from the Dhaka north and south regions was held at the bank's head office on Saturday. The meeting was attended by Md. Abul Bashar, Administrator of the bank, as...