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

BB must arrange liquidity support for troubled banks: Mintoo

Challenging the central bank to go further if it truly wants to save troubled banks, prominent businessman and newly-installed chairman of National Bank Limited (NBL) Abdul Awal Mintoo has said merely restructuring the board of directors of these banks after dissolving the previous ones will not be enough to resolve...

Govt to buy some items in advance for Ramadan

The government is going to buy some commodities in advance for operating its essential sale drive for the upcoming Ramadan, sources said.As part of the move, the commerce ministry plans to purchase required chickpea and dates from the global market for its Trading Corporation of Bangladesh (TCB) which will sell...

SN Corporation's shipbreaking shut for three months

CHATTOGRAM, Sept 23: Industries ministry recently ordered the cessation of all operations of the SN Corporation Shipbreaking Yard for three months from today (Monday) following a tank blast on September 07.It also fined the yard, located at Sitakunda upazila in Chattogram, Tk 2.6 million as part of a disciplinary measure...

The man who transformed Shwapno

Shwapno, Bangladesh's leading retail chain, launched its franchise model in 2017-2018 with just six outlets. Today, under the visionary leadership of Sabbir Hasan Nasir, the franchise model has become the primary growth engine for ACI Logistics Limited, with over 400 of Shwapno's 500+ outlets operating as franchises. This unique model...

Prime Bank & Dhaka Club enter into payroll agreement

Prime Bank PLC, a leading financial institution committed to innovation and customer-centric financial solutions, has recently signed a new payroll agreement with Dhaka Club Limited at Dhaka Club's office. This partnership marks a significant milestone in enhancing the financial management and payroll efficiency for Dhaka Club's employees, say a statement....

Issue management agreement signed

An agreement was signed between South Asia Insurance Company Limited (SAICL) and Prime Finance Capital Management Limited (PFCML) on Tuesday for managing forthcoming IPO of the company. PFCML will act as the Issue manager of the proposed issue. The agreement signing ceremony was attended by Muhammad Nurul Alam Chowdhury, Chief...

China unveils fresh stimulus to boost economy

BEIJING, Sept 24 (AFP): China's central bank on Tuesday unveiled a raft of measures to boost the country's struggling economy, cutting the amount of cash banks must hold in reserve and lowering a key interest rate.China's economy, the world's second-largest, has yet to achieve a highly anticipated post-pandemic recovery as...