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

Tenders floated to import 3 spot LNG cargoes amid tensions

Bangladesh has floated tenders to buy three more liquefied natural gas (LNG) cargoes from the spot market by mid-April amid escalating Middle East tensions and disruptions in the Strait of Hormuz.State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has invited bids for deliveries over the April 5-6, April 9-10 and April...

India reviewing positively Bangladesh request for additional diesel supply

India is positively considering a request from Bangladesh for additional diesel as Dhaka seeks to enhance its fuel reserves amid ongoing energy-supply concerns caused by Gulf Armageddon.Indian High Commissioner in Bangladesh Pranay Verma told The Financial Express on Monday that New Delhi was reviewing the request in right earnest."Bangladesh is...

Tehran fires new missiles as Khamenei's son takes charge

TEHRAN, Mar 09 (AFP): Iran fired missiles at Israel early Monday in the name of the Islamic republic's new leader, Mojtaba Khamenei, who was selected to succeed his slain father despite threats by the United States and Israel to target him next.Nine days after US-Israeli strikes killed Ayatollah Ali Khamenei...

Who is Mojtaba Khamenei?

Mojtaba Khamenei, the son of Iran's Ayatollah Ali Khamenei, who was killed in US-Israeli strikes, has been chosen as his successor, according to BBC.Unlike his father, the 56-year-old has largely kept a low profile. He has never held government office, nor given public speeches or interviews, and only a limited...

Petrol pumps see long queues amid fear of supply scarcity

Motorists continued to queue for hours at different petrol-pump stations in the city on Monday also, fearing that the ongoing Middle East conflict could disrupt fuel supplies.Although some pumps stopped selling diesel, petrol and octane, private cars, motorbikes, pickup vans were seen standing in front of those pumps.Drivers of vehicles,...

Oil prices hit more than $119 a barrel

LONDON, Mar 09 (Reuters): Oil prices surged to more than $119 a barrel on Monday, hitting levels not seen since mid-2022, as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding US-Israeli war with Iran.Brent crude futures were up $12.77, or...

Forex rate rises as mkt heats up

After months of a regulated stability, Bangladesh's foreign-exchange market suddenly starts heating up with exchange rate recording nearly a 30-paisa rise in a day, sources say. Officials and bankers cite the Mideast war as the major hiker, as the big firepower triangular clashes over Iran issues sends out meltdown on...

Global uncertainties, potential crises in consideration: Khosru

Finance and Planning Minister Amir Khosru Mahmud Chowdhury said Monday the government was formulating an overall economic plan taking into consideration the global uncertainties and potential crises.He said the future economic projections in the next fiscal budget would be made and programmes would also be conducted keeping that reality in...

PM launches 'family card' annuity recipe today

Some 37,567 female-headed families will receive 'family card' under the piloting phase of the new government's flagship annuity recipe which Prime Minister Tarique Rahman is set to inaugurate today. The premier, who has preannounced a 'plan' of perceivably an equitable welfare nation on his homecoming from exile, would give the...

Apparel exports to UK may get a boost

Bangladesh's garment exports to the United Kingdom are expected to receive a significant boost even after the country graduates from the least-developed country (LDC) status.A recent change in the UK's trade rules will allow Bangladeshi exporters greater flexibility in sourcing raw materials while continuing to enjoy duty-free access to the...