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

BB to ensure farm credit flow to real farmers

Bangladesh Bank (BB) will conduct a thorough study to see whether the farm credit goes to actual farmers, central bank governor Dr Ahsan H. Mansur has said.The chief of the banking regulator said they often received allegations that the real farmers were not getting the agriculture credits."We need to do...

Prime Bank partners with Toyota-Navana

Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has signed a partnership with Toyota-Navana Limited, an authorised distributor of brand new Toyota vehicles in Bangladesh. Recently a signing ceremony was held between these two organizations at the bank's Gulshan Corporate Office.Under the agreement, Prime...

BB to donate Tk 280m for victims of flood, student movement

Bangladesh Bank will donate Tk 50 million (5 crore) to the foundation formed for those injured and killed in the recent student movement for quota reform and the fall of the autocratic government, reports UNB.Besides, the central bank will also donate Tk 230 million (23 crore) from the staff's one-day...

Dhaka Airport's Third Terminal on track for completion this Oct, flights expected from early 2025

The construction of the third terminal at Hazrat Shahjalal International Airport in Dhaka is set to be completed by October this year, with flight operations expected to begin in early 2025, officials from the Civil Aviation Authority of Bangladesh (CAAB) have confirmed.According to CAAB, the third terminal's construction is in...

Salahuddin elected Modhumoti Bank EC chief

Salahuddin Alamgir CIP, Chairman & CEO of Labib Group, was unanimously elected as Chairman of the Executive Committee of Modhumoti Bank PLC by the Board of Directors in its 79th meeting held on Wednesday at its headquarters. Mr. Alamgir is a promising business personality and having experience of more than...

Dhaka Bank donates Tk 20m for flood victims

Dhaka Bank donated Tk 20 million (2.0 crore) to Chief Adviser's Relief & Welfare Fund part of its corporate social responsibility (CSR), says a press release. Dhaka Bank PLC's this substantial contribution underscores its deep commitment to community welfare and disaster relief. Additionally, from Bank's CSR fund, various food &...

ABB donates Tk 20m for flood, student movement victims

The Association of Bankers Bangladesh Limited (ABB) has announced the contribution of Tk 20 million (2.0 crore) for flood relief and medical treatment of students and other individuals wounded during the recent movement, says a press release. ABB, in its Board of Governors meeting held recently decided to come forward...

BEPZA employees donate one day's salary for flood victims

Bangladesh Export Processing Zones Authority (BEPZA) employees have donated their one day's salary to the Chief Adviser's Relief and Welfare Fund for distribution among the flood victims, reports BSS.Considering the severity of the ongoing devastating floods in the country, BEPZA employees have extended their support to the victims, said a...

416 mobile towers still out of order in 11 flood-hit districts: BTRC

A total of 416 mobile towers out of 14,551 in eleven flood affected district have remained out of order due to flood, according to the Bangladesh Telecommunications and Regulatory Commission (BTRC).The districts are Noakhali, Laxmipur, Feni, Cumilla, Brahmanbaria, Chattogram, Khagrachhari, Habiganj, Moulvibazar, Cox's Bazar and Sylhet, said a press release...

Spanish inflation cools again as fuel prices ease

MADRID, Aug 29 (AFP) : Spain's inflation rate fell in August for the third consecutive month as fuel and food prices eased, preliminary official data showed Thursday.Consumer prices rose 2.2 percent on an annual basis, down from 2.8 percent in July, national statistics office INE said in a statement.The main...

Islami Bank holds board meeting --

A meeting of the Board of Directors of Islami Bank Bangladesh PLC was held on Thursday at Islami Bank Tower. Md. Obayed Ullah Al Masud, Chairman of the bank, presided over the meeting. Mohammad Khurshid Wahab, Md. Abdul Jalil, Professor Dr. M. Masud Rahman and Md. Abdus Salam, independent directors,...

Employees of ICB have donated their one-day salary to the relief and welfare fund of the Chief Advisor

In order to help and rehabilitate the people affected by the flood, the employees of ICB have donated their one-day salary to the relief and welfare fund of the Chief Advisor. Md. Anwar Shamim, General Manager of ICB, handed over a cheque for the donation to Faruk E Azam, Bir...

ABC Group donates one day's salary to Chief Adviser’s Relief and Welfare Fund

Directors and employees of ABC Group, a renowned organisation of construction industry, have recently donated their one day's salary to the Chief Adviser’s Relief and Welfare Fund for flood victims and also distributed Emergency Relief Supplies through the armed forces.

US funding yielded hundreds of patents for China-based researchers

WASHINGTON, Aug 29 (Reuters): The US Defence Department, NASA and other government agencies funded research that led to more than 1,000 US patents for China-based inventors since 2010, including in sensitive fields such as biotechnology and semiconductors, data from the US patent agency showed.The US patent data, which was reviewed...

S Lankan president defends IMF bailout in campaign launch

COLOMBO, Aug 29 (AFP): Sri Lanka had no option but to agree to an International Monetary Fund bailout that required tough austerity measures, President Ranil Wickremesinghe said Thursday as he launched his re-election campaign.An unprecedented economic crisis two years ago led to months-long food and fuel shortages, triggering street protests...