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

BGMEA again asks units to give foreign staff info

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) again asked its member factories to provide information on foreigners working in the country's ready-made garment (RMG) industry.The BGMEA issued a circular on April 29, seeking the foreign personnel's information on an emergency basis.It is necessary to identify local skill gap for...

MTB launches two SME products

Mutual Trust Bank Limited (MTB) launched two SME products - "MTB Shachal" and "MTB Supply Chain Finance" - at a convention hall in the capital recently. The event was inaugurated by MTB Director and Founding Chairman Syed Manzur Elahi, said a statement. "MTB Shachal" is a termination loan facility for...

IOM to implement PACE programme for migrants

The Gap Inc., a global apparel retailer, and the International Organisation for Migration (IOM) have recently signed an agreement that will enable the UN agency to implement the company's innovative Personal Advancement and Career Enhancement (PACE) curriculum modules in Bangladesh.The PACE curriculum will provide foundational life skills, technical training and...

Regulatory limitations impede digital transformation of MFIs: Study

Microfinance Institutions (MFIs) in Bangladesh face high-level 'human touch' and intense field operation challenges, said a UNCDF-commissioned study.It argues that the majority of the MFIs are willing to adopt a digital platform but regulatory limitations often impede the transformation.The Shaping Inclusive Finance Transformation (SHIFT) in Bangladesh Programme of the UN...

Traders, TCB start fair price outlets in Ctg

CHATTOGRAM, May 07: After unanimously taking a decision to curb price hike, the local administration, trade bodies and other organisations, and a lawmaker have taken steps to keep prices of essentials within the reach of the commoners in the port city during Ramadan.The steps include deploying mobile court, setting up...

Sri Lankan envoy discusses trade with BGMEA chief

Sri Lankan High Commissioner (HC) to Bangladesh Crisanthe De Silva called on President of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) Dr. Rubana Huq in the city on Tuesday, says a statement.During the meeting, they discussed matters related to bilateral trade and business opportunities between Bangladesh and Sri Lanka.BGMEA Senior...

EU fleshes out WTO’s e-commerce proposal

BRUSSELS, May 07 (Reuters): The European Union began a push for improved protection for traders and consumers involved in online transactions, as it published proposals launching what are likely to be long and hard World Trade Organisation negotiations on regulating e-commerce.The WTO rulebook was largely written in the 1980s and...

US-China tensions ‘threat’ to world economy: IMF

PARIS, May 07 (AFP): The head of the International Monetary Fund said Tuesday that fresh trade tensions between the United States and China were the main threat to the world economy."Clearly the tensions between the United States and China are the threat for the world economy," Christine Lagarde told journalists...

Australian reserve bank holds rates, signals future cut

SYDNEY, May 07 (AFP): Australia central bank left interest rates on hold Thursday, brushing off calls for a cut to protect the country's 27-year recession-free run, with officials saying the economy was still in "reasonable" shape despite weak inflation and wage growth.Keeping the cash rate at a record low 1.5...

Malaysia cuts interest rate for first time

KUALA LUMPUR, May 07 (AFP): Malaysia's central bank Tuesday cut its key interest rate for the first time in almost three years as it looks to boost slowing growth as China-US trade tensions weigh on the economy.The move comes as central banks around the world adopt a more dovish stance...

News Briefs (08-05-2019)

29 bond licences risky for revenue earningsCustoms Valuation and Internal Audit Commissionerate (CVIAC) have identified 29 bond licence holders as "risky" for country's revenue mobilisation. The CVIAC, a window of National Board of Revenue (NBR), has prepared the list on the basis of specific allegations such as use of fake...

Md. Shafiul Azam handing over wheelchairs

Managing Director and CEO of Modhumoti Bank Limited Md. Shafiul Azam handing over wheelchairs to Director (Marketing & Sales) of Biman Bangladesh Airlines Air Commodore Md. Mahbub Jahan Khan at the head office of Biman in the city recently. The bank sponsored 100 wheelchairs for the physically challenged passengers of...

"Combating Trade Based Money Laundering" organised by Union Bank Training Institute

Union Bank Limited Deputy Managing Director Hasan Iqbal, Union Bank Training Institute In-Charge Md Hedayet Ullah and JD of BFIU Mohammad Shafiqul Imdad posing among the participants at a day-long workshop on "Combating Trade Based Money Laundering" organised by the bank's training institute in the city recently

8th AGM of CBSIL

Chairman of Commerce Bank Securities and Investment Limited (CBSIL), a subsidiary of Bangladesh Commerce Bank Limited, Humayun Bakhtiar presiding over its 8th Annual General Meeting (AGM) at a city hotel recently with CEO R Q M Forkan and other directors present