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

Political tensions won't affect trade ties with India: Finance Adviser

Finance Adviser Dr Salehuddin Ahmed has said the ongoing political tensions between Bangladesh and India would not affect bilateral trade relations."Politics won't interfere with the commercial and trade issues with India," he said replying to a query while briefing newsmen after a meeting of the Advisers Council Committee on Government...

BRAC Bank partners with Pran-RFL

BRAC Bank has partnered with PRAN-RFL Group, a leading conglomerate in Bangladesh, to offer advanced cash management solutions and supply chain financing to optimise their working capital and financial operation. As part of this collaboration, BRAC Bank will deliver a customised payment facility that allows PRAN's ERP system to initiate...

Matarbari deep-sea port to add new dimension to economy

Shipping, Labour and Employment Adviser Brig Gen (retd) Dr M Sakhawat Hussain said on Wednesday that the construction of the country's only deep-sea port at Matarbari with the assistance of Japan will add a new dimension to the economy of the country, reports BSS."The construction of the country's only deep-sea...

Govt appoints administrator for BASIS

The government has appointed Dr. Muhammed Mehedi Hassan, additional secretary of ICT division, as administrator of the Bangladesh Association of Software and Information Services (BASIS) after abolishing its board of directors.The commerce ministry issued an order in this regard on Wednesday.The administrator will conduct a free, fair and transparent election...

Excelerate Energy empowers women with sewing training programme

Excelerate Energy, a leading US-based LNG company, has taken a significant step toward fostering financial independence among women in Moheshkhali by launching a sewing training programme. The inauguration ceremony of the initiative was held at Ghotivanga Government Primary School in Moheshkhali on Wednesday, with Peter Haas, Strategic adviser of Excelerate...

Sayeed re-elected Chairman of Global Insurance

The Board of Directors of Global Insurance Limited (GIL) in its recent Board meeting has unanimously re-elected Sayeed Ahmed as the Chairman and elected S M Sarowar Alam as the Vice Chairman of the company, says a statement. Sayeed Ahmed, a promising entrepreneur and industrialist, has achieved tremendous success in...

HSBC opens newly relocated Business Development Office at CEPZ

The Hongkong and Shanghai Banking Corporation (HSBC) Limited in Bangladesh has recently opened its newly relocated Business Development Office (BDO) at the Chattogram Export Processing Zone (CEPZ). On this occasion, it arranged an view-exchange session with customers. Arief Hossain Khan, Executive Director of Bangladesh Bank, Chattogram Office; Abdus Sobhan, Executive...

SONALI BANK SIGNS AGREEMENT WITH STEEL & ENGINEERING CORPORATION

Sonali Bank PLC has signed an agreement with the Bangladesh Steel & Engineering Corporation (BSEC) to facilitate the collection of payments for products sold by various companies through the Sonali Payment Gateway (SPG). The signing ceremony was held at BSEC conference room on Wednesday. Sonali Bank General Manager Md Moniruzzaman...

KARMASANGSTHAN BANK SIGNS MOU WITH RAISE PROJECT

A Memorandum of Understanding (MoU) was signed between Karmasangsthan Bank and the Recovery and Advancement of Informal Sector Employment (RAISE): Reintegration of Returning Migrants Project, Wage Earners Welfare Board, aimed at providing assistance to migrant workers who have returned from abroad. Managing Director Arun Kumar Chowdhury, on behalf of Karmasangsthan...

'HIT AND MEET' GAME PRIZE DISTRIBUTION CEREMONY

The prize distribution ceremony for 'Hit and Meet' game, launched by Ruchi brand, a product of Square Food and Beverage Limited, was held on Tuesday. The game was launched on June 2 to celebrate the T20 World Cup. The game attracted over 688,000 participants by June 30. Among the top...

IFIPLC signs MoU with Farazy Hospital

Islamic Finance and Investment PLC (IFIPLC) signed a Memorandum of Understanding (MoU) with Farazy Hospital Limited and Farazy Dental Hospital & Research Center on Wednesday. Imteeaz Ahmed, Chief Human Resources Officer, IFIPLC, and Dr. M. Mokter Hossen, Managing Director, Farazy Hospital, signed the MoU in presence of IFIPLC Managing Director...

OECD warns of protectionism weeks before Trump return

PARIS, Dec 04 (AFP): The OECD warned Wednesday that protectionist trade measures pose a major risk to disrupting the world economy, just weeks before Donald Trump is set to return to the White House.The Organisation for Economic Cooperation and Development, a Paris-based body that advises industrialised nations on policy matters,...

German firms' China market sentiment falls to record low

BEIJING, Dec 04 (Reuters): Business sentiment among German companies in China is at an all-time low, a German business lobby group said on Wednesday, as they face rising Chinese competition and a slowing economy.Over half of German companies said conditions in their industry had worsened this year, the German Chamber...

Euro zone business activity declines sharply in Nov

LONDON, Dec 04 (Reuters): Business activity across the euro zone fell sharply last month as the bloc's dominant services sector joined the manufacturing sector in contracting, according to a survey which showed a broadbased decline.HCOB's final composite Purchasing Managers' Index for the currency union, compiled by S&P Global and seen...

Russian central bank chief hints at rate hike

MOSCOW, Dec 04 (AFP): Russia will consider raising interest rates before the end of the year, the head of the central bank said Wednesday, as Moscow grapples with high inflation and a falling currency.Moscow has taken rates to a two-decade high of 21 per cent as it battles to stem...