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

Aug 15 cutoff time to meet its UAE outfit's capital requirement

Cutoff time is now until August 15 for the centrally capital-deficient Janata Bank to fulfill its UAE outfit's jacked-up minimum-capital requirement or pull back, according to the gulf country's regulatory direction. As such, the state-owned Janata Bank PLC (JBPLC) has run into severe crisis in the United Arab Emirates (UAE)...

Ex-FE Editor Moazzem Hossain's 8th anniversary of death today

Today (Saturday) is the 8th death anniversary of the iconic economic journalist and founder-editor of The Financial Express (FE), A.H.M. Moazzem Hossain. He passed away on this day in 2018.He was one of the leading organisers of the FE, the country's first financial English daily that started its journey in...

Market-oriented rate schedule for public projects soon

The government is reviewing how it sets construction rates for public projects as rising prices of materials, labour, and other inputs increasingly make it difficult for agencies to complete projects within approved budgets, officials familiar with the matter said.The review could lead to a more market-oriented benchmark for the Schedule...

Policy rate cut feared to fuel inflation further

Regulatory policy rate cut is feared to fuel inflation further as economists say other economic indicators are not showing supportive signs.After months of cries from business circles for easing the policy rate, the central bank finally lowered the policy rate by 50 basis points to 9.50 per cent to spur...

Metro rail staff warn of tougher action

Dhaka metro-rail employees have threatened to go for a tougher action programme if Dhaka Mass Transit Company Limited fails to implement its service rules by next Thursday.Employees of DMTCL from grades 9 to 16 announced the programme on Thursday after staging a sit-in in front of Diabari head office gate...

People gather on a hilltop close to the site of clashes near Fnideq

People gather on a hilltop close to the site of clashes near Fnideq, on the Morocco-Spain border, on Friday. — AFP