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

Address unrest in RMG sector urgently

Tapan Chowdhury, former advisor to the caretaker government and CEO of Square Group, has emphasised on the urgent need for ensuring stability in Bangladesh's readymade garment sector as escalating unrest is driving away international buyers. Speaking at a dialogue organised by the Economic Reporters Forum (ERF) on Wednesday, he said...

Grameenphone launches limitless internet pack

Grameenphone has made a significant leap forward in enhancing digital connectivity by launching the country's first-ever speed-based limitless internet packs. The new packs were launched at a function at a city hotel on Tuesday night. These new offerings are designed to provide unparalleled freedom and flexibility to customers in their...

ECB policymakers press case for October rate cut

FRANKFURT, Oct 09 (Reuters): Several European Central Bank policymakers argued their case on Wednesday for another interest rate cut next week, even if some of their colleagues remained unconvinced as turmoil in the Middle East fuels volatility in energy costs.The ECB has already lowered rates twice this year and a...

Southeast Bank holds Annual Risk Conference

Southeast Bank PLC held its "Annual Risk Conference 2024" via hybrid mode at the bank's Head Office in Dhaka on Wednesday. Nuruddin Md Sadeque Hossain, Managing Director of Southeast Bank, inaugurated the conference. In his speech, Hossain emphasised the importance of this Risk Conference in establishing a robust risk culture...

UCB signs MoU with Gono Bishwabidyalay

United Commercial Bank PLC (UCB) and Gono Bishwabidyalay have signed a Memorandum of Understanding (MoU) to provide a range of banking services, including tuition fee collection and other banking facilities. The signing ceremony took place at the Corporate Office of United Commercial Bank PLC on Wednesday. Mohammad Mamdudur Rashid, Managing...

Exim Bank holds Shari'ah Supervisory Committee meeting

The 126th Shari'ah Supervisory Committee meeting of Exim Bank was held in the board room of the bank's head office on Wednesday. Chairman of the committee Dr Abu Noman Md Rafiqur Rahman presided over the meeting. Chairman of Exim Bank Md Nazrul Islam Swapan, Managing Director and CEO Mohammad Feroz...

Sony rolls out new entertainment products

Sony announced its latest home and personal entertainment products at a programme at a city hotel on Wednesday. These products include BRAVIA TVs, ULT Power Sound series and SRS-XV500, a speaker. The new BRAVIA TV models, the ULT TOWER 10, ULT FIELD 7, ULT FIELD 1, wireless headphones ULT WEAR...

India central bank leaves interest rates unchanged

MUMBAI, Oct 09 (AFP): India's central bank held interest rates steady on Wednesday but left the door open for future cuts, as growth moderates in the world's fifth largest economy.The Reserve Bank of India said the benchmark repo rate-the short-term interest paid by the central bank on loans from commercial...

Tesla's China-made EV sales grow 19.2pc y/y in Sept

BEIJING, Oct 09 (Reuters): Sales of US automaker Tesla's China-made electric vehicles rose 19.2 per cent in September from a year earlier, data from the China Passenger Car Association (CPCA) showed on Wednesday.Deliveries of China-made Model 3 and Model Y vehicles were up 1.9 per cent from the previous month.The...