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

Current account deficit records steep rise on higher imports

The country's current account deficit widened, reaching a record high in the first nine months of the current fiscal year (FY) as imports grew faster than exports.Central bank statistics, released on Tuesday, showed that the current account deficit hit $7.08 billion in July-March period of the fiscal 2018.The amount of...

Taka weakens against dollar, substantially

The Bangladesh Taka (BDT) has fallen considerably against the US dollar as the demand for the greenback grew to meet import payment requirements.The local currency weakened by 50 poisha in a single day in the inter-bank foreign exchange (forex) market on Tuesday, according to traders.The US dollar was quoted at...

Experts blame strong sales of NSCs for high lending rates

Banking experts at a workshop in the capital on Tuesday called for reining in the overwhelming sales of national savings certificates (NSCs) in the country. They also warned that the prevailing situation is likely to push up the lending rate of banks in the long-term, and also prohibit the government's...

Khulna city polls end amid allegations of rigging, vandalism

KHULNA, May 15 (UNB): Awami League mayoral candidate Talukder Abdul Khalek was unofficially declared elected in the Khulna City Corporation (KCC) election on Tuesday.Khalek won the election with a big margin bagging 176,902 votes while his nearest rival Nazrul Islam Manju of BNP polled 108,956 in 286 election centres out...

DWASA to raise water tariffs by 5.0pc from July

Dhaka Water Supply and Sewerage Authority (DWASA) is set to increase its water tariffs by five per cent for both domestic and industrial consumers from July, officials said."The proposal for raising water tariffs has already been approved by DWASA board. The enhanced tariffs will come into effect from July 01...

Prime Minister Sheikh Hasina visiting a stall

Prime Minister Sheikh Hasina visiting a stall at a fair organised on the occasion of 2nd International Conference on Disability and Disaster Risk Management after inaugurating it at the BICC in the capital on Tuesday — PID

‘Automate land record system’ to curb corruption

Speakers at a programme on Tuesday called for automating the land record system to ensure better coordination among government departments and scale up vigilance on the activities of revenue collectors, surveyors and brokers.They also suggested that land officials take effective measures to provide service recipients with necessary information on record,...

News Watch (16-5-2018)

Biman flight makes emergency landing at Ctg airportCHATTOGRAM, May 15: A flight of Biman Bangladesh Airlines made an emergency landing at the Shah Amanat International Airport in the port city on Tuesday following a technical glitch. The Kolkata-bound flight of the national flag carrier took off from the airport at...