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

No-frills accounts register drop in deposits in Q2

Deposits in no-frills accounts (NFAs) declined in April-June 2024, marking a 1.45-per cent deficit from that of the previous January-March quarter, according to Bangladesh Bank (BB) data.However, such deposits saw a substantial 14.31-per cent rise compared to the corresponding period last year.Total deposits in Tk 10/50/100 accounts stood at Tk...

Islami Bank achieves Global Islamic Finance Award

Islami Bank achieves Global Islamic Finance AwardIslami Bank Bangladesh PLC has achieved the Global Islamic Finance Award in the category of 'Most Outstanding Islamic Bank 2024', conferred by the UK-based Global Islamic Finance Awards (GIFA). This Award was handed over at the Global Islamic Finance Summit held at Paradise Island,...

Dev banks' climate financing hits record $125b in 2023

FE DESK Multilateral development banks (MDBs) have announced that their global climate finance hit a record high of $125 billion in 2023.This combined amount from the MDBs, including the Asian Development Bank (ADB), is more than double the amount provided in 2019, when MDBs agreed new targets at the United...

Bangladesh to sign deal to import power from Nepal soon: Adviser

Bangladesh is poised to sign a tripartite agreement with Nepal and India soon to import hydropower from Nepal via Indian transmission lines, according to Power, Energy and Mineral Resources Adviser Md Fouzul Kabir Khan, reports BSS."A delegation of the interim government will visit Nepal soon to sign the agreement for...

Healthcare Pharma to get insurance services from MetLife

Healthcare Pharma to get insurance services from MetLifeHealthcare Pharmaceuticals Ltd. (HPL), a leading pharmaceutical company, signed a contract with MetLife to provide insurance facilities to their employees. As part of this contract, employees of HPL will receive insurance coverage for loss of life and medical expenses. The company has selected...

US-Bangla Airlines suspends flights on Chattogram-Kolkata route

Private carrier US-Bangla Airlines has suspended Chattogram-Kolkata flights due to delays in Indian visa approvals, reports bdnews24.com.Following the fall of the Awami League government, the High Commission of India has restricted visa operations in Bangladesh.US-Bangla spokesperson Kamrul Islam told bdnews24.com: "Since Aug 5, the Indian visa process has almost stopped....

Central banks face 'difficult balancing act': IMF chief

WASHINGTON, Sept 21 (AFP): Central banks face a "difficult balancing act" as they start lowering interest rates around the world in the face of falling inflation, the head of the IMF said Friday.Central banks on both sides of the Atlantic have cut rates this year, with the US Federal Reserve...