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

Leather trade show kicks off tomorrow

A three-day expo, styled 'Leathertech Bangladesh 2022', will begin tomorrow (Wednesday), aiming to give an impetus to the country's leather, leathergoods and allied sectors.Commerce Minister Tipu Munshi is expected to inaugurate the eighth edition of expo at the International Convention City Bashundhara (ICCB) in the city.ASK Trade and Exhibitions, the...

Regulator working to ‘keep mobile internet price at tolerable level’

Post and Telecommunications Minister Mustafa Jabbar on Monday said the telecom regulator is working to keep mobile internet prices at a tolerable level. "We introduced unified broadband internet prices. Now we are working to set mobile internet prices at a level affordable for all," the minister said, while speaking as...

ICAB, OCAG sign aggrement

A memorandum of understanding (MoU) between the Institute of Chartered Accountants of Bangladesh (ICAB) and The Office of the Comptroller and Auditor General (OCAG), Bangladesh was signed at a ceremony at a city hotel on Monday, says a press release.ICAB President Md Shahadat Hossain and Mohammad Muslim Chowdhury, Comptroller and...

Walton Plaza launches hire purchase and family protection policy

Country's leading electronics brand Walton has launched hire purchase and family protection policy, along with one-stop service solution. Under the hire purchase and family protection policy, protection cards will be issued to those customers who will purchase products at installment from any Walton Plaza across the country, says a press...

Saudi crown prince eyes investment in Credit Suisse spin-off

ZURICH, Dec 5 (AFP): Saudi Crown Prince Mohammed bin Salman is considering investing around $500 million in a new Credit Suisse investment bank spin-off, CS First Boston, according to The Wall Street Journal.Citing unnamed sources familiar with the matter, the US financial newspaper listed several potential investors in the new...

22ND ICAB NATIONAL AWARD -

Bengal Commercial Bank disbursed spot SME loan

Bengal Commercial Bank has disbursed spot SME loan on the occasion of 10th National SME Product Fair. The loan has been distributed among five entrepreneurs on Saturday under the Credit Wholesaling Programme (CWP) of SME Foundation. Tarik Morshed, Managing Director & CEO of the bank, handed over the cheques to...

UK economy to shrink in 2023: CBI

LONDON, Dec 5 (Reuters): Britain's economy is on course to shrink 0.4 per cent next year as inflation remains high and companies put investment on hold, with gloomy implications for longer-term growth, the Confederation of Business Industry forecast on Monday."Britain is in stagflation - with rocketing inflation, negative growth, falling...

Malaysia to review plans for 5G network

KUALA LUMPUR, Dec 5 (Reuters): Malaysia's newly appointed Prime Minister Anwar Ibrahim said on Monday his administration will review a plan for a state-owned 5G network introduced by a previous government, as it was not formulated transparently.Under the premiership of Muhyiddin Yassin in 2021, Malaysia unveiled a plan for a...

Turkey inflation slows for first time since 2021

ISTANBUL, Dec 5, 2022 (AFP): Turkey's inflation slowed in November for the first time since May 2021, official data showed on Monday, delivering a boost to President Recep Tayyip Erdogan ahead of next year's election.The rate slowed to 84.39 per cent, according to state statistics agency TUIK, down from 85.51...

Tesla cuts Model Y output at Shanghai plant by 20pc

SHANGHAI, Dec 5 (Reuters): Tesla plans to cut December output of the Model Y at its Shanghai plant by more than 20 per cent from the previous month, two people with knowledge of electric vehicle (EV) giant's production plan said on Monday.Tesla did not immediately respond to a request for...

Exxon Mobil raises CEO pay

Exxon Mobil Corp is raising the annual salaries of its top boss and other executives for the coming year, the top US oil company said on Monday, reports Reuters.Exxon Mobil's compensation committee approved an increase in the annual salary of Chief Executive Officer Darren Woods to $1.88 million from $1.70...

Moldovagaz to buy gas from Energocom

CHISINAU, Dec 5 (Reuters): Moldova's natural gas company Moldovagaz will start buying gas from domestic supplier Energocom while continuing to buy it from Russia's Gazprom, the head of Moldovagaz said late on Saturday.Gas supplies are an ongoing source of tension between Russia and Moldova, which lies between southern Ukraine and...

Brazil posts record trade surplus, boosted by sales to China

BRASILIA, Dec 5 (Reuters): Brazil posted a record trade surplus for November, official data showed, driven by booming exports, with emphasis on sales to China.According to the Economy Ministry, the trade surplus reached $6.7 billion in November, beating a $5 billion surplus expected by economists in a Reuters poll.This was...