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

Govt against egg import to protect interests of local poultry farmers

Government will not allow import of eggs in order to protect interests of the local poultry farmers, Agriculture Minister Dr Mohammad Abdur Razzaque said on Thursday."We (the government) will not allow import of eggs. Let us have some patience as the prices of eggs will come down soon," he told...

Guardian Life holds annual sales confce -

With the slogan 'Odommo Guardian' (Indomitable Guardian), Guardian Life Insurance Limited organised their Annual Sales Conference 2022 at a hotel in Cox's Bazar recently, according to a statement. Sponsors and patrons of the company Tapan Chowdhury, Syed Nasim Manzur, and Barrister Syed Afzal Hasan Uddin and the director of the...

Govt takes steps to dig new and old gas wells to ensure energy security

The government has taken a number of measures including exploring new gas wells along with digging the existing ones to meet the increasing demand of energy, reports BSS."We've taken steps to dig different existing gas wells along with discovering new ones to boost energy production against the backdrop of the...

CCCI signs MoU with BSMRMU

CHATTOGRAM, Sept 22: The Chittagong Chamber of Commerce and Industry (CCCI) and Bangabandhu Sheikh Mujibur Rahman Maritime University (BSMRMU) signed a Memorandum of Understanding (MoU) on "Academia Industries Relationship" to create skilled manpower for the blue economy in Bangladesh. After holding a workshop on "Multi-StakeHolder Co-creation" at BSMRMU's Dhaka campus,...

Hundreds of lenders gather outside Evaly office in Dhaka

Hundreds of lenders have gathered outside the Evaly office in Dhaka's Dhanmondi following the transfer of the e-commerce platform's responsibility to the family of Mohammad Rassel, former managing director of the company, reports bdnews24.com.Rassel's wife Shamima Nasrin, a co-founder and former chairman of Evaly, was set to rejoin the firm's...

Sonali Bank signed agreement with One Bank

Sonali Bank Limited signed an agreement with One Bank Limited to use its mobile financial service 'OK Wallet' by integrating it into Sonali Payment Gateway launching a link account service with Sonali Bank customer accounts. Sonali Bank CEO and Managing Director Md Afzal Karim and One Bank Limited Managing Director...

Turkey cuts interest rate for second month

ISTANBUL, Sept 22 (AFP): Turkey's central bank on Thursday cut its policy rate for the second straight month despite an annual inflation rate that has reached 80 per cent and still moving higher.The central bank said it was cutting its one-week repo rate to 12 per cent from 13 per...

IMF unblocks $27m for Moldova

WASHINGTON, Sept 22 (AFP): The International Monetary Fund (IMF) on Wednesday gave Moldova access to about $27 million, after the crisis lender deemed that Ukraine's neighbor had taken strong steps on fiscal governance and anti-corruption.The loan is part of a larger $800 million package that the country can gain access...

BoE raises rates to 2.25pc, despite likely recession

LONDON, Sept 22 (Reuters): The Bank of England (BoE) raised its key interest rate to 2.25 per cent from 1.75 per cent on Thursday and said it would continue to "respond forcefully, as necessary" to inflation, despite the economy entering recession.The BoE estimates Britain's economy will shrink 0.1 per cent...

Indonesia hikes rates for second straight month to stem inflation

JAKARTA, Sept 22 (AFP): Indonesia's central bank hiked its key interest rate for the second month in a row Thursday to combat rising inflation stoked by fuel prices and the war in Ukraine.Bank Indonesia pushed the policy rate to 4.25 from 3.75 per cent, and the jump was higher than...