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

Virtual handloom fest opens today

Micro and small entrepreneurs, who produce traditional attire and handicraft, are still far away from recovery following a drastic fall in business during the pandemic, speakers said on Tuesday.Protecting those entrepreneurs is essential for the economic recovery and safeguarding the country's cultural heritage, they told a programme.The observations were made...

DCCI inks MoU with BUP

Dhaka Chamber of Commerce & Industry (DCCI) signed a Memorandum of Understanding (MoU) with the Bangladesh University of Professionals (BUP) on the BUP campus in Mirpur Cantonment on Tuesday, said a press release. DCCI President Shams Mahmud and Vice Chancellor of BUP Major General Ataul Hakim Sarwar Hasan signed the...

Commercial Bank of Ceylon refurbished Jubilee Road SME Service Centr

Commercial Bank of Ceylon PLC has refurbished its Jubilee Road SME Service Centre as a state-of-the-art modern business centre for the convenience and comfort of the customers. Chief Executive Officer of the Bank Varuna Kolamunna and Editor of the Daily Azadi MA Malek inaugurated the venue at Jubilee Road in...

Tariqul Islam Chowdhury inaugurating shifted Ashulia Branch

South Bangla Agriculture and Commerce (SBAC) Bank Limited Managing Director (MD) and CEO Tariqul Islam Chowdhury inaugurating a shifted Ashulia Branch of the bank on a new premises at Raz Residency, Bogabari Bus stand, Ashulia in Savar on a virtual platform recently. SBAC DMDs Shafiuddin Ahmed and Md Kamal Uddin,...

Huawei CFO's witness testimony resumes

VANCOUVER, Oct 27 (Reuters): The second day of witness testimony in the extradition case of Huawei Chief Financial Officer Meng Wanzhou to the United States kicked off in a Canada courtroom on Tuesday, when her lawyers are expected to question officials involved in her 2018 arrest.The five days of scheduled...

S Korea’s economy bounces back on pick-up in exports

SEOUL, Oct 27 (AFP): Asia's fourth-largest economy returned to quarter-on-quarter growth in the July to September period, South Korea's central Bank of Korea announced Tuesday.The South largely overcame an early coronavirus outbreak through an intensive track-and-test model, and everyday life in the country has returned largely to normal.It is now...

Consumer companies pitch discounts

KIEV, Oct 27 (Reuters): Unilever, Procter & Gamble and other major consumer goods manufacturers are touting lower-priced brands, smaller packages and discounts to woo penny-pinching shoppers struggling through the most severe global recession since the Great Depression of the 1930s.Nestle told Reuters earlier this month that it has recently launched...

Eurozone banks tighten lending on virus jitters

FRANKFURT, Oct 27 (AFP): Eurozone banks tightened their requirements for handing out loans in the third quarter, a European Central Bank survey showed Tuesday, indicating nervousness over the region's recovery as coronavirus infections spike.Credit standards-the yardstick that banks use to approve loans to companies and consumers-got stricter in the three...