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

BB resumes action after three years

The central bank purchased US$ 2.63 billion from the commercial banks directly in the first quarter (Q1) of the current fiscal year (FY), aiming to keep the inter-bank foreign exchange (forex) market stable.Official figures show the amount of purchasing the greenback was nearly three times higher than that of FY...

Protests spread over rape incidents

Protesters staged demonstrations across the country on Monday against recent incidents of sexual violence against girls and women including the sexual harassment of a woman in Noakhali.They also demanded the government take immediate steps to stop all sorts of violence against girls and women in the country.Twenty-seven rights organisations organised...

Govt to reassess waiver of loans worth Tk 6.86b

The government will scrutinise further a BGMEA proposal for waiving the entire bank loan liabilities of as many as 131 readymade garments (RMG) units, a person familiar with the situation said.The decision came at an inter-ministerial meeting with commerce secretary Md Jafar Uddin in the chair held at the ministry...

KSA ready to take back all with valid work permits

The Kingdom of Saudi Arabia (KSA) government will take all the Bangladeshi workers, who got stranded in the country due to Covid-related restrictions, provided they have valid work permits.Charge d' Affaires of the Saudi Embassy in Dhaka, Yahiya Al Karni, told this while talking to the FE on Monday."Two weeks...

Three win Nobel Medicine Prize for discovering Hepatitis C virus

STOCKHOLM, Oct 5 (AFP): Americans Harvey Alter and Charles Rice together with Briton Michael Houghton won the Nobel Medicine Prize on Monday for the discovery of the Hepatitis C virus, a major source of liver disease that affects millions worldwide.The three were honoured for their "decisive contribution to the fight...

Globe hopes to release its vaccine early next year

Globe Biotech Limited, a local drug manufacturer, is hopeful about releasing its coronavirus vaccine called BANCOVID on commercial-scale early next year.The lone Bangladeshi Covid-19 vaccine candidate has almost completed human trial protocols along with its CRO (contract research organisation), Globe officials said. On conclusion of the trial protocols, it would...

HC issues rule over water price hike by Wasa

The High Court on Monday issued a rule upon the respondents to explain in four weeks as to why the notice of the Dhaka Water Supply and Sewerage Authority (Wasa) to increase water tariff by 25 per cent from April 01 this year should not be declared illegal. The High...