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

RMG sector cuts dependence on buying houses with better products and direct brand connections: Study

The dependency of the country's readymade garment (RMG) sector on buying houses has marked a significant decrease over the last decade mainly due to its enhanced capacity of product development, improved marketing strategy and direct communication with big brands and buyers.A recent study conducted by Bangladesh Institute of Development Studies...

Yarn, Fabrics show begins

The 10th Yarn, Fabrics and Accessories show, a focused sourcing event, began at the International Convention City Bashundhara (ICCB) in the city on Wednesday.Organised by ASK Trade and Exhibitions Pvt. Ltd, the event is featuring over 150 international suppliers showcasing a diverse range of yarns, fabrics, accessories, cutting-edge innovations, chemicals,...

RMG workers demand 15pc annual increment

At least 25 garment factories in the industrial belt in Ashulia suspended operation on Wednesday as workers staged a work stoppage, rejecting the government's latest announcement of 9 per cent annual increment.On Monday, the labour and employment ministry made the announcement raising the garment workers' annual wage to 9 per...

SME Foundation, Visa join forces to support 7.8m CMSME

SME Foundation and Visa signed a Memorandum of Understanding (MoU) to support cottage, micro, and small and medium-sized entrepreneurs (CMSMEs) in Bangladesh, reports BSS.The three-year partnership was announced at the SME Foundation's head office on Tuesday, said a press release.With this partnership, Visa and SME Foundation aim to provide support...

Islami Bank joins World Trade Expo in Saudi Arabia

Islami Bank Bangladesh PLC has joined the World Trade Expo Saudia Arabia 2024 being held from December 10 to 12 at the Jeddah International Exhibition & Convention Centre. Miah Md Mainul Kabir, Consul General of Bangladesh in Saudi Arabia, inaugurated the pavilion of Islami Bank. Obayed Ullah Al Masud, chairman...

Jamuna Bank opens Satmasjid Road Branch

Jamuna Bank PLC inaugurated its 169th branch - 'Satmasjid Road Branch' - recently. Robin Razon Sakhawat, Chairman of Jamuna Bank, attended the event as the chief guest. Bank's Directors Kanutosh Majumder, Shaheen Mahmud, Redwan-ul Karim Ansari, Independent Director Md. Abdur Rahman Sarker, Md. Abdul Jabber Chowdhury and M. Murshidul Huq...

CVO Petrochemical holds 39th AGM

CHATTOGRAM, Dec 11: The 39th Annual General Meeting (AGM) of CVO Petrochemical Refinery PLC was held virtually on Wednesday.Chairman of the Company Shamsul Alam Shamim presided over the AGM. The AGM approved 10% dividend for the shareholders for 2023-2024. Among others, Managing Director of CVO Petrochemical Refinery A H M...

Southeast Bank's loan instalments payments now via Nagad

Customers can now pay savings and loan instalments of Southeast Bank PLC through Nagad, the mobile financial service provider of the Bangladesh Postal Department. This initiative was launched on Wednesday at an event held at the head office of Southeast Bank. Using the Nagad app or dialling the USSD code...