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

RMG exports to US plummet 6.28pc in Jan-Sept

Bangladesh's apparel exports to the United States during the first nine months of 2024 sustained a negative growth compared to the major competitors that are improving fast including China, Vietnam and India. The country's readymade garment exports to the US-its single largest destination-plummeted 6.28 per cent during the January-September period...

UNCTAD keen to support BD reform drive

The UN Trade and Development (UNCTAD) has said it will support Bangladesh's reform drive. This came as Chief Advisor's Special Envoy Lutfey Siddiqi held a series of bilateral meetings in Switzerland's Geneva this week.He met UN Trade and Development (UNCTAD) Secretary General Rebeca Grynspan at her office on November 4....

IIGAB proposes tariff cut to boost Internet access

The International Internet Gateway Association of Bangladesh (IIGAB) has proposed a new tariff cut to the telecom regulator to expand Internet access. The proposal submitted recently to the Bangladesh Telecommunication Regulatory Commission (BTRC) outlines reductions across price tiers, setting a new floor price of Tk 215 and a ceiling of...

ADN DigiNet launches ROBOKET

ADN DigiNet Limited has launched ROBOKET, Bangladesh's first AI-powered marketing platform designed for both local and global clients. ROBOKET transforms customer engagement and campaign management through its innovative features, says a statement. A scalable solution, ROBOKET integrates marketing automation, CRM, and data analytics, allowing marketers to focus on growth. "We...

AB BANK OPENS RENOVATED COLLECTION BOOTH AT NICVD

AB Bank PLC has inaugurated a newly renovated collection booth at the National Institute of Cardiovascular Diseases (NICVD), providing a full range of modern banking services. The booth, which is under the bank's Karwan Bazar Branch, will handle all of NICVD's collections and offer payroll services to the hospital's doctors,...

SHIMANTO BANK INKS DEAL WITH THE WESTIN

Shimanto Bank signed an MoU with The Westin Dhaka recently. Under this MoU, Shimanto Bank Visa Gold and Visa Platinum Credit cardholders will enjoy 'Buy One Get One (BOGO)' on buffet menu at The Westin. Rafiqul Islam, Managing Director & CEO of the bank, and Stephane Masse, General Manager, The...

Food cos sell products that are less healthy in poorer countries

The world's biggest food and beverage companies on average sell products in low-income countries that are less healthy than what they sell in high-income countries, according to a new report, reports Reuters.Products sold by companies including Nestle, Pepsico and Unilever were assessed as part of a global index published by...

Volkswagen to recall over 114,000 US vehicles over airbag concern

NEW YORK, Nov 07 (Reuters): Volkswagen will recall 114,478 vehicles in the United States on concerns over the driver-side airbag, the National Highway Traffic Safety Administration said on Thursday.The recall consists of some Beetle and Passat vehicles from model years 2006-2019."The driver's side frontal airbag inflator may explode due to...

Bitcoin hits new all-time high

MOSCOW, Nov 07 (TASS): The price of bitcoin rose by 9.30 per cent to $76,400, updating the previous all-time high, according to Binance.However, as of 0:22 Moscow time, Bitcoin's price slowed down and stood at $75,900 (+9.24 per cent).Bitcoin is a decentralized system of a crypto currency of the same...

Sweden central bank makes biggest rate cut since 2014

STOCKHOLM, Nov 07 (AFP): Sweden's central bank made its biggest interest rate cut since 2014 on Thursday and signalled more reductions were forthcoming to kickstart the Nordic country's economy.The Riksbank lowered its policy rate by 0.5 per centage points-twice the usual size of a cut-to 2.75 per cent.It was the...

Jeep-maker Stellantis to lay off 1,100 workers in Ohio

PARIS, Nov 07 (AFP): European auto giant Stellantis said Thursday it would lay off 1,100 workers at its Jeep factory in Toledo, Ohio, in an effort to "regain its competitive edge" as it struggles with falling sales.Stellantis, a 14-brand group that includes Peugeot, Fiat and Chrysler, said it would move...