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

Move on to cut MFI interest rates

A move is well under way to slash existing service charges imposed by micro-finance institutions (MFIs) with intent to give poor borrowers some relief.To this end, financial institutions division (FID) has recently sent a proposal to finance division.It was made in line with the recommendations from an eight-man committee led...

Rights groups raise concerns over mass termination of RMG workers

The rights groups have raised concerns over the mass termination of workers in the country's readymade garment (RMG) factories, with the latest incident of firing 701 workers by a single unit.The termination issue has also caused pressure from international arena, including International Labour Organisation (ILO) and Bangladesh's largest export destination...

BGMEA teams up with 'Sudokkho' for skills development

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) teamed up with Sudokkho, a UK and Swiss-funded programme for skills development of the country's readymade garment (RMG) industry. BGMEA president Dr Rubana Huq and Sudokkho team leader Erling Petersen signed a collaboration agreement at a programme in a city hotel on August...

Dhaka to host ‘Showcase Malaysia’ in December

Dhaka will host the '6th Showcase Malaysia' in December, said Bangladesh-Malaysia Chamber of Commerce and Industry (BMCCI).The BMCCI made the announcement at a ceremony at the chamber office in the capital on Saturday marking the 62nd Independence Day of Malaysia.The three-day exposition is scheduled to be held on December 3-5,...

RAKUB disburses Tk 257.5m SME loan in eight districts

SME Financing Company Limited, a subsidiary company of Rajshahi Krishi Unnayan Bank (RAKUB), has disbursed Small and Medium Enterprise (SME) loan worth Tk 257.5 million (Tk 25.75 crore) aiming at promoting the sector in different potential areas of Rajshahi region in the last financial year, reports BSS.The company also recovered...

SREDA, Japanese institute ink deal to promote energy efficiency

Japanese Mitsubishi Research Institute Inc. and Sustainable Renewable Energy Development Authority (SREDA) inked a deal on Saturday for efficient use of energy with rational costs across Bangladesh.Under the deal, the Japanese firm will provide consultation and facilitate implementing the Energy Efficiency and Conservation Promotion Financing Project and disburse loan worth...