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

DCCI suggests campaign in Turkiye to attract FDI

Bangladesh needs to campaign in Turkiye to woo more foreign direct investment (FDI) for mutual benefits of the two Muslim brotherly countries, said the president of Dhaka Chamber of Commerce and Industry (DCCI).DCCI president Rizwan Rahman made the call during a forum on 'Exploring trade and investment opportunities between Bangladesh...

BKB managers urged to attain 100pc targets

Managers of the Bangladesh Krishi Bank (BKB) were directed to achieve 100 per cent of their targets to make every branch profitable.They were also advised to coordinate and collaborate efficiently with the bank's lawyers concerned, who are currently dealing with the lawsuits regarding default loans pending with different courts, to...

Banglabandha land port closed for 10 days

Panchagarh, Sept 30 (UNB): Bangladesh's export-import activities with India, Nepal and Bhutan via the Banglabandha land port will remain suspended for 10 days, on the occasion of Durga puja and Eid-e-Miladunnabi, port authorities said on Friday.Banglabandha Import-Exporter Group and Phulbari Exporters and Importers Welfare Association of India have taken the...

RAKUB intensifies agro-based economy in northwest region

RAJSHAHI, Sept 30 (BSS): Rajshahi Krishi Unnayan Bank (RAKUB) has been contributing a lot towards bolstering the agro-based economy through financial investment in the country's northwest region.The specialized state-owned commercial bank has been providing loans to the grassroots farmers to supplement the government efforts of making the country self-reliant in...

No timeframe for fixing Nord Stream pipelines: operator

STOCKHOLM, Sept 30, 2022 (BSS/AFP) - Nord Stream's operator said Thursday it was unable to immediately assess damage to pipelines linking Russia to Europe, threatening an indeterminate outage-after Sweden detected a fourth leak and NATO decried "acts of sabotage".The Swedish Coast Guard confirmed Thursday there were four leaks in total...

India again hikes rates on 'bleak' global outlook

MUMBAI, Sept 30 (AFP): India's central bank said a "bleak" global outlook warranted its fourth rate hike in five months on Friday, as Asia's third-largest economy struggles under the weight of chronically high inflation and a falling currency.The Reserve Bank of India (RBI) raised its key lending rate by 50...

China's factory activity grows marginally in September

BEIJING, Sept 30 (AFP): China's factory activity edged back into growth in September after two months of contraction, official data showed Friday, but the country's strict Covid curbs continued to weigh heavily on demand.The Purchasing Managers' Index (PMI) -- a key gauge of manufacturing in the world's second-biggest economy --...

Crisis-hit Sri Lanka's inflation hits nearly 70pc

COLOMBO, Sept 30 (AFP): Sri Lanka's inflation rate hit nearly 70 percent in September for a 12th consecutive monthly record, official data showed Friday after a year of shortages, price hikes and economic misery.An unprecedented downturn forced the government to default on its $51 billion foreign debt in April and...

Vietnam's economy surges by 13 percent in Q3

HANOI, Sept 29 (AFP): Vietnam's economy grew more than 13 percent in the third quarter, compared to a year earlier, as manufacturing and exports surged following the end of strict Covid-19 controls, authorities said Thursday.During the same period last year, commercial hub Ho Chi Minh City was under strict lockdown...

UK avoids recession in boost for under-fire Truss

LONDON, Sept 30 (AFP): Britain is not yet in recession, revised data showed Friday in a boost for under-fire Prime Minister Liz Truss, but its economy may still face a downturn on soaring interest rates.Gross domestic product expanded 0.2 percent in the second quarter, said the Office for National Statistics...

Meta to freeze hiring to tighten budget: report

SAN FRANCISCO, Sept 30 (AFP): Facebook-parent Meta put out word to employees on Thursday that it will freeze hiring to cut costs as it endures tough economic times, The Wall Street Journal reported.Meta chief Mark Zuckerberg revealed a planned pause in hiring during a weekly all-hands meeting, the Journal reported,...