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

FoB imports flourish to consignees' comfort

Bangladesh's imports through FoB arrangement are rising rapidly, implying that overseas procurement is now dominated by local consignees in a paradigm shift in external trade. But large importers, who have transport facilities under their own command, disagree with the changes in freights in import trade.Earlier, the proportion of imports through...

Temp hits historic low at 2.6 degrees Celsius in Tentulia

The lowest ever temperature of the country's history was recorded 2.6 degrees Celsius in Tentulia upazila of Panchagarh districton Monday morning, hitting poor people hard, report agencies.At least 12 people, including six children, died of cold-related diseases in Rajshahi, Kurigram and Thakurgaon districts in the last four days as the...

BASIC also gets embroiled in headquarters hassles

BASIC Bank also got embroiled in hassles over its headquarters building and sought government intervention to get out, besides ongoing investigations into alleged lending irregularities, officials said.The state-owned bank last Thursday requested the finance ministry to take necessary steps in this connection, a source in the bank said.Reached over the...

RHD seeks last-moment revision to cost, time of 30km road project

The Roads and Highways Department (RHD) has sought more than twofold increase in allocation for building a 30-kilomtre road in the country's north-eastern haor region, officials said Monday.The department also requested for two more years up to June 2020 for completing the Itna-Mithamoin-Ostogram road project, beyond its scheduled tenure of...

BDT deflates 5.15pc against US$ in a year

The Bangladesh Taka (BDT) depreciated by 5.15 per cent against the US dollar ($) during the last one year despite selling of the greenback by the central bank to keep the foreign exchange (forex) market stable.The US$ was quoted at Tk 82.75 each in the inter-bank forex market on Monday...

Govt to lift ban on hilsa export

Fisheries and Livestock Minister Narayan Chandra Chanda said on Monday that the government will lift ban on hilsa export soon, reports UNB.The minister came up with the information while responding to reporters at the conference room of the ministry Morning after a press briefing."We want to export hilsa, as its...

News Watch (09-01-2018)

Biswa Ijtema begins on Jan 12 GAZIPUR, Jun 08 (BSS): Biswa Ijtema, the second-largest congregation of the Muslims after the holy hajj, will be held in two phases from January 12-14 and January 19-21 on the bank of the river Turag amid tight security. Necessary security measures have already been...

Prayer Timings-(09-01-2018)

Kalshi canal!

With its surface remaining cemented with garbage and a large part lost to grabbers, the Kalshi canal (Dhaka WASA has named it 'Sangbadik Khal') is all silted up. During the ongoing dry season, almost all, including DWASA and relevant other agencies, have forgotten about the sufferings that thousands of residents...