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

Domestic packaging sector remains 'largely undervalued'

As Bangladesh prepares for LDC graduation and seeks to diversify its export basket, the packaging industry stands out as one of the most promising yet undervalued sectors of the economy.According to insiders, some policy changes can help the sector fetch at least $24 billion annually from the global market provided...

BGMEA warns against deals with Chinese firm

The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) has warned its member factories against entering new business deals with a China-based fabric supplier, citing non-compliance with trade contracts. In a notification issued on June 23, the apex apparel body said it had received a written complaint from Fashion Power Bangladesh...

Tyre importers accuse local manufacturers of earning 'supernatural profits'

CHATTOGRAM, June 25: Tyre importers and traders have accused local manufacturers of earning "supernatural profits".At a press conference in the port city on Thursday, leaders of the Chattogram Tyre Tube Importers and Distributors Group slammed recent statements by the Bangladesh Tyre-Tube Manufacturers and Exporters Association (BTMEA), accusing the body of...

Internet users jump by 2.65m in May

Bangladesh recorded a strong rebound in internet subscriptions in May, with the number of users increasing by 2.65 million in a single month, according to the latest data from the BTRC.Total internet subscribers rose to 134.07 million in May from 131.42 million in April, marking a month-on-month increase of 2.02...

BENGAL COMMERCIAL BANK PARTNERS WITH SSL COMMERZ

Bengal credit cardholders will now enjoy EMI facilities for up to three years following an agreement between Bengal Commercial Bank PLC and Software Shop Limited (SSL Commerz). Under this partnership, Bengal credit card users can avail EMI facilities on purchases of any product at more than 15,000 merchants within the...

ONE BANK CELEBRATES ACADEMIC ACHIEVEMENTS OF YOUNG TALENTS IN SYLHET

ONE Bank PLC has recently celebrated the academic achievements of young students from various educational institutions across Sylhet through its long-standing scholarship and recognition initiative. The bank has, over the years, recognised more than 9,250 outstanding students across the country. The award-giving ceremony was attended by the students, their parents,...

SOUTHEAST BANK RELOCATES GULSHAN BRANCH

Southeast Bank PLC has relocated its Gulshan Branch to the first and second floors of Hena Suvastu Skyline Avenue in Gulshan Model Town. M.A. Kashem, Founder Chairman of Southeast Bank, inaugurated the branch at a ceremony as the chief guest on Sunday. The event was attended by current and former...

COMMUNITY BANK HOLDS ITS 78TH BOARD MEETING

The 78th Board Meeting of Community Bank Bangladesh PLC was held at the Police Headquarters on Saturday. The meeting was chaired by Md. Ali Hossain Fakir, Inspector General of Police, Bangladesh and Chairman of Community Bank Bangladesh. During the meeting, important decisions were taken on the investment proposals and different...