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

Gas found in Noakhali well

The Bangladesh Petroleum Exploration and Production Company has found gas at four levels after drilling a well in Noakhali's Sonaimuri Upazila, reports bdnews24.com.The flare stack was lit at the well near Wasekpur village in Ambarnagar Union on Monday, according to Md Asaduzzaman, the Begumganj-4 (West) valuation, well digging and development...

New chairman of Ctg port takes charge

CHATTOGRAM, Aug 13: Rear Admiral SM Moniruzzaman, OSP, NDC, NCC, PSC took charge as Chairman of Chittagong Port Authority CPA) on Sunday.He replaced outgoing CPA Chairman Rear Admiral Mohammad Sohail, OSP, NUP, PPM, PSC. Before joining as CPA Chairman, Rear Admiral S.M. Moniruzzaman was serving as the Commander of Bangladesh...

Shokti+ introduces BD's first fortified sour yogurt

Shokti+, a pioneer in providing essential nutrition to Bangladeshi children since 2007, is expanding its mission to adult consumers to meet their daily nutrition need with the launch of their new Fortified Sour Yogurt, says a press release. Available at an affordable price at a cost of Tk 25, this...

Calls grow to review deal with Adani Power amid cash crunch

The government urgently needs to review the deal with India's Adani Group, for the sake of the power sector in the current cash crunch, reports UNB.Most officials of the state-owned Bangladesh Power Development Board (BPDB) strongly believe this, noting that the government needs to pay $100 million every month to...

SOCIAL ISLAMI BANK'S PERFORMANCE REVIEW MEETING HELD

Social Islami Bank arranged a business performance review meeting at the bank's head office in the capital on Monday. Zafar Alam, Managing Director & CEO of the bank, was present as the chief guest at the meeting. Deputy Managing Directors of the bank Mohammad Forkanullah, Abdul Hannan Khan, Mohammad Habibur...

38th AGM of Eastern Insurance Company

ASM Waheeduzzaman, chairman of Eastern Insurance Company Limited, presided over the 38th Annual General Meeting (AGM) on a digital platform on July 31. Chief Executive Officer Md Iqbal Mahmud and others including Azmal Hossain, Matiur Rahman, Haider Ahmed Khan and Mohammed Tofazzal Hossain were present on the occasion.

RUPALI INSURANCE HOLDS 36TH AGM

The 36th Annual General Meeting (AGM) of Rupali Insurance Company Limited was held on a digital platform at the Rupali Bima Bhaban in the city on Wednesday. Chairman of the company Mostafa Golam Quddus presided over the meeting. Rupali Insurance directors Quazi Moniruzzaman, Fazlutun Nessa, M Jinnat Ali Mian, Abu...

DMCB DONATES 10 DIAGNOSTIC MACHINES TO GONOSHASTHAYA HOSPITAL

Dhaka Mercantile Co-operative Bank Limited (DMCB) has donated 10 diagnostic machines to Gonoshasthaya Nagar Hospital for better treatment of Kidney Diagnosis patients. On behalf of Gonoshasthaya Nagar Hospital Shirin Haque, trustee and Dr Abul Qasem Chowdhury, trustee and chairperson in-charge, Gonoshasthaya Kendra, and Chairman of DMCB and freedom fighter Captain...

Huawei readies new AI chip to challenge Nvidia in China

BEIGING, Aug 13 (Reuters): China's Huawei Technologies is close to introducing a new chip for artificial intelligence use to challenge Nvidia in China amid US sanctions, the Wall Street Journal reported on Tuesday, citing sources. Huawei's latest processor, Ascend 910C, is being tested by Chinese internet and telecom companies in...

Global EV sales up 21pc as China records biggest jump

BEIJING, Aug 13 (Reuters): Global sales of fully electric and plug-in hybrid vehicles rose by a yearly 21 per cent in July, thanks to China's strongest growth this year and despite dropping demand in Europe, market research firm Rho Motion said Monday.In the European Union MG Motor, owned by China's...

Grameenphone partners with Mobileum

Grameenphone has partnered with Mobileum Inc. ("Mobileum"), a leading global provider of analytics and network solutions. Mobileum will provide a next-generation revenue assurance and fraud management (RAFM) solution, built on its flagship Active Intelligence Platform (AIP) to Grameenphone for its risk management transformation. This strategic partnership reinforces Grameenphone's commitment to...

Zurich and Riyadh to be served with Emirates' retrofitted Boeing 777s

Emirates has announced plans to introduce its newly retrofitted Boeing 777s with its Premium Economy product and newly configured Business Class cabin, to two more cities - Zurich and Riyadh from October 01, 2024, says the airline in a statement.The refurbished four-class Boeing 777 is configured with six or eight...

World youth unemployment rate lowest for 15 years: UN

GENEVA, Aug 13 (AFP): Global youth unemployment is at its lowest level for 15 years, the United Nations said Monday, though not all regions have yet recovered from the Covid-19 slump.The number of 15- to 24-year-olds who are not in employment, education or training (NEET) is concerning, the UN's labour...