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

Five banks can borrow from peers for liquidity support

The cash crisis facing five banks, which were unable to give money to customers after the government changeover, looks set to end for the time being as Bangladesh Bank opens an opportunity for them to borrow money from other banks to meet their liquidity needs.The central bank has approved the...

IPDC Finance wins Global Champion Award

IPDC Finance has been recognised as the global champion in the category of Best Financier for Women Entrepreneurs at the prestigious Global SME Finance Awards 2024. The award, presented by International Finance Corporation (IFC) and the SME Finance Forum, celebrates IPDC Finance's initiative, "IPDC Joyee" which serves as a comprehensive...

Huawei provides housing support for flood victims

Huawei Bangladesh has started providing housing support for flood-affected people, reports BSS.In the second phase of its flood relief initiative this year, the tech giant is building houses on the land of flood victims and delivering those to them free of cost, said a press release. Four families of Parshuram...

11th edition of the Asian Tourism Fair begins

The 11th edition of the Asian Tourism Fair begins at International Convention City Bashundhara in Dhaka on Thursday. The three-day fair will continue until Saturday. Focus Bangla

Delta Life signs agreement with United Lube Oil

Delta Life Insurance Company Limited and United Lube Oil Limited, the exclusive distributor of Petronas Lubricants in Bangladesh, have recently signed an insurance agreement and launched the 'Ride Safe Campaign'. This initiative aims to enhance bikers' safety by providing health and life insurance coverage for the purchase of Petronas Sprinta...

Midland Bank opens Gazipur SME Centre and relocated Bogura branch

Midland Bank PLC (MDB) inaugurated its first SME Centre at Gazipur Chowrasta, Gazipur, and also relocated its Bogura branch at Joleshowritola, Bogura Sadar to Zamzam Tower, Shahid Abdul Jabbar Road in Bogura on Wednesday. Md Ahsan-uz Zaman, Managing Director & CEO of the bank, along with other officials simultaneously inaugurated...

Prime Bank signs agreement with Neofarmers

Prime Bank PLC., a leading financial institution committed to innovation and customer-centric financial solutions, has recently signed an agreement with Neofarmers Ltd. at the bank's corporate office. Under the agreement, Prime Bank customers will get exciting offer on purchasing products from Neofarmers. Md. Nazeem A. Choudhury, Deputy Managing Director of...

PREMIER BANK, SSLCOMMERZ SIGN AGREEMENT

The Premier Bank PLC and SSLCOMMERZ have signed an agreement on omni-channel solution. Under this agreement, omni-channel solution will be seamlessly integrated with the bank's app money and other platforms, with existing merchants allowing bank's customers to have more channels to pay for the products. This centralised platform connects with...

EBL and JW Apparel Sign Payroll Banking agreement

M. Khorshed Anowar, DMD and Head of Retail and SME Banking, Eastern Bank PLC (EBL), and Jin Hyuk Paik, Managing Director, JW Apparel Limited, signed a Payroll Banking agreement at the latter's head office in Chattogram recently. Under the agreement, employees of JW Apparel Limited will enjoy preferential banking services...

Turkish central bank keeps rates steady

ISTANBUL, Sept 19 (Reuters): Turkey's central bank held its main interest rate steady at 50% for a sixth straight month on Thursday as expected, saying it remained highly attentive to inflation risks but removing a reference to potential tightening.The bank said "monetary policy tools will be used effectively in case...

Big Fed cut puts an ECB move next month on traders’ radar

FRANKFURT, Sept 19 (Reuters): A big interest rate cut from the US Federal Reserve on Wednesday raised bets on further policy easing at the European Central Bank in October but this is still not the most likely outcome given different economic realities.The ECB has already cut interest rates in June...

EU car sales at 3-year low in August, EV sales plunge 44pc

NEW YORK, Sept 19 (Reuters): New car sales in the European Union fell 18.3 per cent in August to their lowest in three years, dragged down by double-digit losses in major markets Germany, France and Italy and sliding electric vehicle (EV) sales, auto industry body data showed on Thursday.The data...

NZ's economy slows again as recession looms

WELLINGTON, Sept 19 (AFP): New Zealand's economy shrank in the second quarter, according to official data Thursday, pushing the country close to recession.The 0.2 per cent on-quarter contraction in April-June, revealed by StatsNZ, followed anaemic growth of 0.1 per cent in the previous three months.High prices, elevated borrowing costs and...

India to buy more second-hand vessels to raise container capacity

NEW DELHI, Sept 19 (Reuters): India will purchase more second-hand vessels to add to the country's container shipping capacity, two senior shipping officials said on Thursday after talks with multiple ministries to cut transportation costs and increase exports.Discussions were held after Indian goods exports fell for two consecutive months, with...