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

Global apparel buyers urge BGMEA to expedite shipments to India through land ports

A number of garment buyers who have stores in India and source products from Bangladesh have sought support from the apparel apex body BGMEA to expedite shipments from Bangladesh to the neighbouring country, especially through land ports. India in May this year banned garment import from Bangladesh through land ports...

bKash clinches Data Impact Awards

Providing secure and innovative services to customers by leveraging big data and real-time data-driven technology, bKash has won internationally acclaimed 'Data Impact Award' presented by Cloudera, an US-based big data technology company.This year, Bangladesh's largest mobile financial service (MFS) provider bKash was recognised as the top performer in 'Data in...

BB signs deals with 20 banks, FIs to boost startup financing

Bangladesh Bank has signed participation agreements with 16 scheduled banks and four financial institutions under its Tk 5.0 billion refinance fund to expand low-cost loans and investments for startup entrepreneurs, reports UNB.Governor Dr Ahsan H Mansur joined the signing ceremony virtually, while Deputy Governor Nurun Nahar and Executive Director Husne...

Rice prices maintain downward trend in Ctg wholesale markets

CHATTOGRAM, Sept 3 (BSS): After three months of price volatility, rice prices in major wholesale markets in Chattogram have started declining by Taka 5-Taka 8 per kilogram.During a visit to prime wholesale markets in the port city including Ckatai Chapatti, Khatunganj and Pahartali, it was found that prices of both...

Trump to ask SC for 'quick ruling' in tariff appeal

WASHINGTON, Sept 3 (AFP) : US President Donald Trump said Tuesday that he plans to seek a swift ruling from the Supreme Court as his administration pushes to overturn a court decision that found many of his tariffs illegal."We're going to be going to the Supreme Court, we think tomorrow,...

NCC BANK AND MEGHNA LIFE SIGN MOU ON HOME LOAN INSURANCE COVERAGE

NCC Bank PLC and Meghna Life Insurance Company Ltd have recently signed a strategic Memorandum of Understanding (MoU) at the bank's Head Office. Under this agreement, all regular home loan borrowers of NCC Bank will automatically be brought under life insurance coverage provided by Meghna Life Insurance. Md. Zakir Anam,...

EBL HONOURS SME WOMEN ENTREPRENEURS

Eastern Bank (EBL) organised a special event at their head office in Dhaka recently to congratulate SME Women Entrepreneurs who received incentive from Bangladesh Bank for successful repayment of their loans from the 'Small Enterprise Refinance Scheme for Women Entrepreneurs'. The women entrepreneurs are seen with M. Khorshed Anowar, DMD...

Mercantile Bank joins Bangladesh Bank's Tk 5b startup fund

Mercantile Bank PLC has joined Bangladesh Bank's Tk 5 billion startup refinancing fund to support innovation and foster new entrepreneurs across the country. A participation agreement has been signed between Bangladesh Bank and Mercantile Bank in this regard. Mercantile Bank Managing Director Matiul Hasan and Bangladesh Bank Additional Director Mohammad...

MODHUMOTI BANK SIGNS AGREEMENT WITH BANGLADESH BANK

Modhumoti Bank PLC and Bangladesh Bank have signed a participation agreement to access funds from Tk 5.0 billion 'Start-up Refinance Scheme', aimed at providing low-interest loans to technology-driven start-up enterprises. Md. Shafiul Azam, Managing Director & CEO of Modhumoti Bank, and Muhammad Mustafizur Rahman, Additional Director of the SME &...

SHAHJALAL ISLAMI BANK SIGNS AGREEMENT WITH Central BANK

Shahjalal Islami Bank has signed a participation agreement with Bangladesh Bank under the 'Startup Refinance Scheme' designed to increase investment in entrepreneurship development and startup initiatives. Director (Current Charge) of SME and Special Programs Department of Bangladesh Bank Mohammad Mostafizur Rahman and Managing Director of Shahjalal Islami Bank Mosleh Uddin...