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

Unable to make bank transactions, SK Trims shuts down factory

SK Trims & Industries has announced closure of its factory, saying it is unable to continue operations with its bank accounts frozen since July this year.All nine bank accounts meant to facilitate exports, imports, daily transactions, and dividend distributions by SK Trims have been frozen over allegations of corruption and...

Stocks on downward spiral as market reacts to rising interest

The broad index of the Dhaka Stock Exchange (DSE) on Sunday experienced a sharp decline extending the losing streak for five consecutive sessions as a majority of the listed securities lost prices.Despite having a positive start, the DSEX failed to stay in the green zone as most of the blue...

PROBASHI KALLYAN BANK PARTNERS WITH CITY BANK

PROBASHI KALLYAN BANK PARTNERS WITH CITY BANK Probashi Kallyan Bank (PKB) and City Bank signed an agreement on Saturday at the Ministry of Expatriates' Welfare and Overseas Employment. Workers, who took loans from PKB, will now be able to send remittances to the bank via City Bank. Md. Mazibur Rahman,...

MIDLAND BANK, KOKOMO SUNSET RESORT SIGN MOU

MIDLAND BANK, KOKOMO SUNSET RESORT SIGN MOUMidland Bank (MDB) signed a MoU with Kokomo Sunset Resort, a beautiful tourist destination located at Kapasia, Gazipur, just a 40-minutes drive from Dhaka. The resort is an enchanting blend of nature and luxury services. All MDB cardholders will enjoy 50 per cent discount...

Economic worries back on Wall Street's radar after jobs data

NEW YORK, Sept 8 (Reuters): Uncertainty over the US economy's health is rippling through markets, adding fuel to an already-volatile period that has investors grappling with a shift in Federal Reserve policy, a tight US election and worries over stretched valuations.US stocks tumbled on Friday after closely watched jobs data...

Global equity funds see outflows on growth worries

Global equity funds experienced their first weekly outflow in four weeks in the week to September 4, as cautious investors pulled back on concerns about global economic growth and ahead of a data-heavy week culminating in the US jobs report, reports Reuters.According to LSEG data, investors sold a net $4.93...

USAID hosts validation workshop at NBR

The USAID-funded Feed the Future Bangladesh Trade Activity held a validation workshop on the e-Appeal procedure, marking a pivotal advancement in the digitisation of Bangladesh's Customs Appeal system. The workshop brought together key figures from the National Board of Revenue (NBR) and industry stakeholders to review and validate the newly...

SCB delegation meets Shipping Adviser

A delegation of Shippers' Council of Bangladesh (SCB) led by its Chairman Md Rezaul Karim paid a courtesy call on Shipping and Textiles & Jute Adviser Brigadier General (Retd) Dr M Sakhawat Hossain at the conference room of the Ministry on Saturday, says a press release. SCB Senior Vice Chairman...

Rupali Bank HOLDS Business Conference-2024 of Rajshahi Division

Rupali Bank HOLDS Business Conference-2024 of Rajshahi DivisionA Business Conference-2024 of Rajshahi Division of Rupali Bank PLC was held at Nanki Darbar Hall in Rajshahi on Saturday. Managing Director of the bank Mohammad Jahangir was present at the conference as the chief guest while head of Rajshahi Division Md Nizam...

ONE Bank distributes cooked food among flood-HIT people

ONE Bank distributes cooked food among flood-HIT peopleONE Bank PLC distributed cooked food among about 16,500 flood-affected people at 69 shelters for flood victims in severely affected Feni, Lakshmipur and Noakhali. Bank's Relief Coordination Committee along with the officers and staff of local branches of the bank distributed food at...

MetLife BD gets ‘Great Place To Work’ certification

MetLife Bangladesh has received the "Great Place To Work" certification, making it the only insurance company in Bangladesh to earn this prestigious recognition, says a press release.The recognition is based entirely on what current employees say about their experience working at MetLife Bangladesh. "Great Place to Work" certified organisation are...

Akij Ceramics introduces 100x100 cm large tiles

In response to the growing global demand for large-format tiles, Akij Ceramics introduces its new Kathena premium series, featuring 100x100 cm (1000x1000 mm) tiles, says a press release. These grand tiles are designed to deliver a seamless and luxurious aesthetic view in both residential and commercial spaces.Previously, consumers had to...

Daraz 9.9 Anniversary Sale

Daraz Bangladesh is set to commemorate its anniversary with a grand celebration, inviting shoppers nationwide to participate in an exclusive shopping event. The 9.9 Anniversary Sale, running from September 9 to September 15, transforms the online market place into a virtual party venue where shoppers can enjoy great savings with...

Saudi banks' real estate loans reach $218b thanks to annual 12pc growth

RIYADH, Sept 08 (Arab News): Saudi banks real estate loans reached SR816.83 billion ($217.82 billion) in the second quarter of 2024, marking an annual 12 per cent rise, according to official data.Figures from the Saudi Central Bank, also known as SAMA, indicated that this amount represents approximately 30 per cent...