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

Stakeholders stand up for labour rights

Stakeholders on Thursday accentuated the need to ensure labour rights of and better access to finance and entrepreneurship by informal waste workers with intent to enable a sustainable circular plastic economy in Bangladesh.They said city corporations and the local government have a major role to play in addressing those challenges...

Prof Yunus seeks Gates Foundation's enhanced support for health sector

NEW YORK, Sept 26 (UNB): Chief Adviser Prof Muhammad Yunus urged the Bill & Melinda Gates Foundation, the world's leading charitable organisation, to come forward with an enhanced support for the health sector of Bangladesh.Global CEO of the Gates Foundation Mark Suzman shared Foundation's burgeoning engagements and vision for wider...

Four telecom operators lost 3.65m subscribers in July-August

All four telecom operators in the country lost 3.65 million subscribers during July-August uprising, according to data published by the Bangladesh Telecommunication and Regulatory Commission.The four operators also lost nearly 2.2 million internet subscribers during the period. However, it is not clear why this huge number of subscribers disappeared in...

BRAC Bank screens vision of non-executive co-workers

BRAC Bank has completed a three-day eye-screening initiative for its non-executive co-workers at its head office, making eye care accessible to them.The one-of-a-kind initiative in the corporate sector bears testimony to the bank's unwavering commitment to nurturing a culture of inclusiveness at the workplace.This is part of the bank's flagship...

Numayer Alam joins BAT Bangladesh Board of Directors

BAT Bangladesh has appointed its Commercial Director Numayer Alam to the Board of Directors, with effect from October 1, says a statement.The appointment was confirmed at a Board meeting on Wednesday. Numayer Alam brings two decades of experience to the BAT Bangladesh Board, including six years in leadership roles across...

US-Bangla Airlines gets approval for aircraft training on engineering, maintenance

US-Bangla Institute of Aviation (UIA), an aircraft training center of the US-Bangla Airlines, received an approval for providing different trainings on aircraft engineering and maintenance, which enables engineers to get training at lower costs in Bangladesh, without requiring to spend money abroad that depletes the forex reserves.The approval, known as...

Meta bets big on celebrity AI voices and augmented reality glasses

MENLO PARK, (US), Sept 26 (AFP): Meta launched AI chatbots voiced by Hollywood celebrities including Judi Dench and John Cena on Wednesday, betting its billions of users are eager to embrace artificial intelligence.At the company's annual product launch event, CEO Mark Zuckerberg also unveiled a prototype of normal-looking augmented reality...

NZ, UAE reach trade pact

SYDNEY, Sept 26 (Arab News): New Zealand on Thursday reached a trade deal with the UAE, which it said would unlock economic opportunities for exporters and boost supply chains with one of its most important trading partners in the Middle East. The trade deal will remove duties on 98.5 per...

RAKUB Managing Director Niranjan Chandra Debnath distributes certificates

Rajshahi Krishi Unnayan Bank (RAKUB) Managing Director Niranjan Chandra Debnath distributes certificates at the end of the 41st foundation training course for newly-recruited officials of the bank on Thursday.

China economy hopes boost global equities

LONDON, Sept 26 (AFP): Chinese stocks surged and major European indices mostly rallied Thursday as China signalled further stimulus measures aimed at lifting the world's second-biggest economy out of the doldrums.Hong Kong closed up 4.2 per cent and Shanghai finished with a gain of 3.6 per cent, extending the week's...

German economy to shrink again in 2024

BERLIN, Sept 26 (AFP): Germany's economy is expected to shrink slightly in 2024, leading economic institutes said on Thursday, as the traditional manufacturing powerhouse continues to stagnate.Output in Europe's largest economy will decline by 0.1 per cent this year, five think tanks said in a joint statement, after it shrank...

Swiss Nat'l Bank hints at further rate cuts after latest reduction

ZURICH, Sept 26 (Reuters): The Swiss National Bank reduced interest rates by 25 basis points on Thursday, echoing steps to lower borrowing costs by the European Central Bank and US Federal Reserve, and left the door wide open for more rate cuts as inflation cools sharply.The SNB cut its policy...

KSA’s economy set for 5.3pc growth in 2025

RIYADH, Sept 26 (Arab News): Saudi Arabia's gross domestic product is projected to grow by 1.4 per cent in 2024, with an acceleration to 5.3 per cent in 2025, according to S&P Global's latest analysis of emerging markets.The US-based credit rating agency noted that anticipated rate cuts by the US...