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

CPA, Japanese JV ink Tk 62b Matarbari port deal

A joint venture (JV) of two Japanese companies will construct Bangladesh's first deep-sea port at Matarbari in the south-eastern district of Cox's Bazar.In a milestone development in the implementation of the Tk 243.81 billion project, Chittagong Port Authority (CPA) signed a contract with leading Japanese construction firms Penta-Ocean Construction Company...

Qatar Minister of State for Energy Affairs Saad bin Sherida Al Kaabi called on Chief Adviser Professor Muhammad Yunus

Qatar Minister of State for Energy Affairs Saad bin Sherida Al Kaabi called on Chief Adviser Professor Muhammad Yunus at a hotel in Doha, Qatar, on the sidelines of Earthna Summit on Tuesday.— PID

Gold hits $3,500 per ounce as investors flock to safety

Gold extended its record run on Tuesday, breaching $3,500 per ounce, as weakness in the dollar, U.S. President Donald Trump's attacks on the Federal Reserve and trade war fears boosted demand for the safe-haven asset, reports Reuters.Spot gold was up 0.5% at $3,440.51 an ounce by 09:21 a.m. EDT (1321...

Eight banks fail to attract remittances despite record inflows

Even though Bangladesh witnessed record-breaking remittance inflows in recent times, eight banks failed to attract a single penny from expatriates, reports UNB.The banks with zero remittance receipts include two state-owned institutions -- Bangladesh Development Bank (BDBL) and Rajshahi Krishi Unnayan Bank (RAKUB); three private banks -- Citizen Bank, ICB Islamic...

BRAC Bank partners with fintech QuiqSend

BRAC Bank has signed a remittance agreement with Australian fintech company, QuiqSend, to provide convenient app-based remittance sending experience to wage earners in the country, says a statement. Techwest Pty Ltd (Trading as QuiqSend), a new money transfer startup, provides fast, reliable, and cost-effective money transfer services globally. Regulated by...

Abdul Mannan elected CSBIB chairman

Mohammad Abdul Mannan, Chairman of First Security Islami Bank PLC, has been elected the Chairman of the Central Shariah Board for Islamic Banks of Bangladesh (CSBIB) at the 69th meeting of the Shariah Board's Executive Committee. The meeting was held at the boardroom of the head office of First Security...

Guardian Life settles Tk 1.29b in insurance claims in Q1 of 2025

Guardian Life Insurance Limited has settled insurance claims amounting to around Tk 1.29 billion in the first quarter (Q1) of 2025, says a statement. The total settlement includes Tk 770 million in death insurance claims and Tk 390 million in health-related insurance claims. Policy maturity and other claims accounted for...

NCC Bank rolls out 'Freelancer Account'

NCC Bank has introduced a new banking product called 'Freelancer Account' to support freelancers. This account is designed to provide financial solutions that empower freelancers and contribute to financial inclusion in the national economy. The NCC Freelancer Account comes with attractive features, aimed at meeting the specific needs of freelancers....