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

CMSMEs struggle to realise full potential

Limited access to finance, inadequate infrastructure, shortage of skilled manpower, insufficient policy support coupled with stringent conditions are the main bottlenecks to utilise the full potential of Bangladesh's Cottage, Micro, Small and Medium Enterprises (CMSME), said speakers at a programme on Monday.Restricted access to local and global markets and slow...

Saudi-Bangladesh trade body gets licence

The government has approved a licence for a new trade body named "Saudi Arabia-Bangladesh Chamber of Commerce & Industry" which is expected to further strengthen the bilateral ties between the two nations.The commerce ministry recently issued a notification in this regard, according to an official circular. Under Section 28 of...

Steelmakers reel from setbacks yet foresee rebound

Bangladesh's steelmakers face a short-term setback as a domino effect of a sluggish growth in the national economy and a draught in investment. The steel industry is passing through a gamut of adversities like higher operational costs, weak demand and tax burden, insiders say.Yet, this downside does not darken the...

H&M targets Brazil, India as US, European spending slows

STOCKHOLM, Sept 29 (Reuters): Fashion retailer H&M is seeking to expand in emerging markets such as Brazil and India, its CEO said, as consumer spending weakens in Europe, its core region, and US tariffs weigh on demand in its second-largest market.The push into new territories is part of CEO Daniel...

Trust Bank opens Gulshan North Branch

Trust Bank PLC has opened its new Gulshan North Branch at Doreen Tower, Gulshan-2, Dhaka, further expanding its network to provide modern and technology-driven banking solutions. The branch was inaugurated by Major General Md. Hakimuzzaman, Vice Chairman of the bank and Adjutant General of Bangladesh Army. The ceremony was attended...

RUPALI BANK LAUNCHES NEW REMITTANCE SERVICE

Bangladeshi expatriates living abroad can now send remittances to the bKash accounts of the family members through money exchange houses partnered with Rupali Bank PLC. Managing Director of Rupali Bank Kazi Md. Wahidul Islam inaugurated this service at the bank's head office in the city on Monday.

Sonali Bank signs MoU with Law and Justice Division and Supreme Court

Sonali Bank PLC signed a tri-party Memorandum of Understanding (MoU) with Law and Justice Division and Bangladesh Supreme Court to collect all types of fees and charges, through the Sonali Payment Gateway. Secretary of Law and Justice Division Md. Liakat Ali Molla, Registrar General of Supreme Court Mohammad Habibur Rahman...