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

Nagad removes condition on cash-out charge

Nagad, the mobile financial arm of the Postal Department, has decided to expand the horizon of its ultra-cheap cash-out facilities, said a statement of the service operator on Thursday.From now on, the users can enjoy the same rate of charge, Tk 9.99, for cashing out every Tk 1000 and the...

S Korea plans to invest in health sector of BD

CHATTOGRAM, Nov 05: South Korea, one of the major foreign investors in Bangladesh's different sectors including readymade garment (RMG), is now planning to invest in the country's health sector."We are planning to invest in Bangladesh's health sector now. South Korean companies are very interested to invest in Bangladesh as work...

Agrani Bank inaugurates Automated Challan System

Agrani Bank Limited, a state-owned commercial bank, has inaugurated the Automated Chalan System to ease the existing system of depositing money through treasury challans for reducing sufferings of the clients.Mohammad Shams-Ul Islam, Managing Director and CEO of the state-owned commercial bank, inaugurated as the chief guest the Automated Chalan System...

DCCI chief urges Pakistani businesses to import more Bangladeshi goods

Dhaka Chamber of Commerce and Industry (DCCI) President Shams Mahmud has urged the importers of Pakistan to import more jute, jute goods, IT and IT enabled services, pharmaceuticals, ceramics, ready-made garments, leather and leather products and agro-food from Bangladesh, reports BSS.The DCCI chief made the urge when High Commissioner of...

Navana, Strategic Finance sign auto loan deal

NAVANA LIMITED- TOYOTA and STRATEGIC FINANCE & INVESTMENTS LIMITED (SFIL) signed a memorandum of understanding (MoU) recently. Customers of both organisations will get special auto loan facilities under this MoU. Hamdur Rahaman Simon, Operative Director, NAVANA, and Irteza Ahmed Khan, Managing Director & CEO of STRATEGIC FINANCE & INVESTMENTS LIMITED...

BoE injects extra £150b into economy

LONDON, Nov 05 (BBC): The Bank of England (BoE) is to pump an extra £150bn into the economy as it warned the resurgence of Covid-19 would lead to a slower, bumpier recovery.Tighter lockdown rules, including new restrictions in England, are expected to push the UK into another downturn.While the economy...

Chinese President Xi opens up to more trade deals and imports

Chinese President Xi Jinping said China will import more than $22tn (£17tn) worth of goods over the next decade, reports BBC.He has also called for a more constructive approach to an open global economy, and hit out at "protectionism".Mr Xi said China would accelerate efforts to reopen its economy after...

Prof Dr Nahid Yasmin inaugurating the month-long free cataract operation

Director General of Ad-din Barrister Rafiq-ul Haque Hospital Prof Dr Nahid Yasmin inaugurating the month-long free cataract operation at the memorial meeting of former chairman of Ad-din Foundation and former Attorney General Barrister Rafiq-ul Haque at the hospital at Postagola, Jurain in the city on Thursday

US slaps duties on Vietnamese tires

WASHINGTON, Nov 05 (Reuters): The US Commerce Department on Thursday slapped preliminary countervailing duties of 6.23 per cent to 10.08 per cent on imported light vehicle tires from Vietnam, applying for the first time a new rule to combat undervalued currencies.Vietnam has been on Washington's watchlist of currency manipulators because...

German industrial orders disappoint as euro zone slows

BERLIN, Nov 05 (Reuters): German industrial orders grew less than expected in September as euro zone orders dropped, data showed on Thursday, highlighting the tough journey Europe's largest economy faces to recover from the coronavirus shock.Industrial orders rose 0.5 per cent in September, less than the 2.0 per cent analysts...