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

Telecom leaders plead for independent BTRC

Industry leaders in the telecom sector have called for a truly independent Bangladesh Telecommunication Regulatory Commission (BTRC), urging that reforms should be free from political bias and favouritism.They underscored the need to curb autocratic practices in the use of technology, ensure balanced licensing and promote equal opportunities for all.The demand...

37pc audits in RMG factories identify critical violations in working hours and wages

About 37 per cent of audits conducted in Bangladeshi readymade garment factories during the period of January to September 2024 revealed critical violations related to working hours and wages.More than half of all critical non-compliances in Bangladeshi factories during this period were related to working hours and wages, compared to...

World Bank acts to boost lending capacity by $30b over 10 years

WASHINGTON, Oct 17 (Reuters): The World Bank voted on Tuesday to change its internal lending guidelines, freeing up $30 billion in additional lending capacity over the next decade to help developing countries and emerging markets grapple with climate change and other global challenges, World Bank President Ajay Banga told Reuters...

UCB Partners with D Money to enhance banking services

United Commercial Bank PLC (UCB) has signed an agreement with D Money Bangladesh, a leading payment service provider, to enhance banking services for their customers. This partnership includes a range of services, such as the Trust Cum Settlement Account, options to add money from UCB to D Money, and seamless...

Shahjalal Islami Bank hosts financial literacy programme

Shahjalal Islami Bank PLC organised a seminar titled 'Accelerance on Financial Literacy for Development of CMSME Women Entrepreneurs' at its Panthapath Branch on Tuesday. This initiative was part of the bank's ongoing efforts to empower women entrepreneurs and foster a job-oriented, industry-based economy. Deputy Managing Director of the bank M....

Rupali Bank holds Business Review Meeting -

Rupali Bank PLC held its Business Review Meeting-2024 on Thursday. Managing Director (acting) Parsuma Alam was present as the chief guest at the meeting held at the conference room of the bank's head office at Dilkusha in the city. Deputy Managing Director (DMD) Hasan Tanvir was present as special guest...

Al Arafah Islami Bank signs deal with Star Tech

Al-Arafah Islami Bank PLC has signed an agreement with Star Tech Ltd. to offer exclusive discount facilities for the bank's Mastercard holders. Deputy Managing Director of the bank Mohammed Fazlur Rahman Chowdhury and Managing Director of Stat Tech Mohammad Jahed Ali Bhuiyan signed the agreement at Star Tech's head office....

Nokia sales down

HELSINKI, Oct 17 (AFP): Finnish telecoms equipment maker Nokia on Thursday reported a 32-percent rise in net profit for the third quarter but sales dropped due to a slowdown in India.Nokia announced sales of 4.3 billion euros ($4.7 billion), down eight percent compared to a year ago and lower than...

Turkey's central bank holds rate at 50pc

ISTANBUL, Oct 17 (Reuters): Turkey's central bank held interest rates at 50 per cent on Thursday as expected but cautioned that recent data had lifted inflation uncertainty, in a hawkish signal ahead of an expected easing cycle in coming months."In September, the underlying trend of inflation posted a slight increase,"...

Nokia cuts 2,000 jobs in China

STOCKHOLM, Oct 17 (Reuters): Nokia has laid off close to 2,000 people or about a fifth of its employee base across Greater China and plans to cut another 350 jobs across Europe as part of efforts to lower costs, according to two sources familiar with the matter.A Nokia spokesperson confirmed...

China, S Arabia top buyers of Russian fuel oil in Sept

MOSCOW, Oct 17 (Reuters): China and Saudi Arabia were the top destinations for Russian seaborne fuel oil and vacuum gasoil (VGO) exports in September, traders said and LSEG data showed on Thursday.Total fuel oil and VGO exports from Russian ports last month rose 2% from August to about 4.2 million...