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

Poor project execution prompts soul-searching

The Planning Commission (PC) has taken a tough stance against the projects in the Barishal region that have made very poor progress, in terms of their execution. Planning Minister M.A. Mannan himself would look into the reasons behind the failure of the agencies concerned, officials said on Tuesday.The planning minister...

Biden takes over as US President today

Joe Biden will be sworn in as the 46th President of the USA, while Indian-origin politician Kamala Harris will take oath as the 49th Vice President today (Wednesday), report agencies.Kamala will also become the first woman Vice President of the USA.Inauguration Day 2021 will take place as the US grapples...

Myanmar agrees to start repatriation

Bangladesh on Tuesday proposed Myanmar to start repatriation of Rohingya refugees by the first quarter of this year, but the latter expressed their inability to do so during that period for lack of logistics and necessary preparations. At a trilateral virtual meeting on Tuesday, Myanmar, however, agreed in principle to...

BB eases rules on foreign cos’ working capital loans

The central bank has relaxed its regulations, allowing foreign companies to avail short-term working capital loans for six years instead of three years from their parent companies or shareholders abroad.Under the revised rules, such borrowing will also be admissible for industries engaged in service output activities along with manufacturing enterprises,...

Local Covid infection rate falls further

The daily death toll due to Covid-19 increased on Tuesday while the infection rate declined further in the country during the last 24 hours until 8:00 am.The Directorate General of Health Services (DGHS) reported the fatalities at 20 on the day while it was 16 on Monday.With the latest count,...

STREET URCHINS’ BOUT OF COLD

A floating family including two children share a single blanket as they sleep in the city’s Shahid Minar area on Tuesday with the city shivering in cold — FE Photo by Shafiqul Alam

BSEC asks DSE to set out ten-year business plan

The securities regulator has sought a 'comprehensive' business plan of ten years from the Dhaka Stock Exchange (DSE).The regulatory instruction came Tuesday at a meeting held at the office of the Bangladesh Securities and Exchange Commission (BSEC).The BSEC commissioner Shaikh Shamsuddin Ahmed presided over the meeting attended by BSEC executive...

Tk 1.0b sought for bus owners

The special committee on bus route rationalisation (BRR) will seek Tk 1.0 billion from the central bank to launch a company-system bus service on Ghatarchar-Kanchpur pilot route.Dhaka South City Corporation (DSCC) mayor Sheikh Fazle Noor Tapash said this while briefing journalists after a meeting of the committee at Nagar Bhaban...

200,000 to get jabs a day

Health Minister Zahid Maleque has revealed a government plan to inoculate 200,000 people per day after receiving the first shipment of coronavirus vaccine doses, reports bdnews24.com.He reiterated that frontline health workers would be the first to receive the doses and said that 'VVIPs' would not be prioritised over them.Maleque announced...