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

PC finalises Tk 2.02t ADP for FY 2020

The Planning Commission (PC) has finalised a Tk 2.02 trillion Annual Development Programme (ADP) for the upcoming fiscal year, allocating more than one-fourth of the outlay for the transport sector, officials said.At an extended meeting on Wednesday, the PC finalised the development budget outlay for the fiscal year (FY) 2019-20,...

BB relaxes rules to facilitate FDI

The central bank has relaxed regulation allowing foreigners to open temporary non-resident Taka account (NRTA) with any scheduled bank along with authorised dealer (AD) bank branches to facilitate foreign direct investment (FDI) in Bangladesh.Under the relaxation, interested foreign investors are now allowed to deposit their funds in the name of...

Fresh guideline soon on loan rescheduling

Finance Minister A H M Mustafa Kamal said the central bank will issue a revised guideline soon on default loan rescheduling."What we've pledged so far (on rescheduling of default loans) will be stated in the guideline," he told newsmen after a meeting of the Cabinet Committee on Public Procurement on...

BSEC retains lock-in provision

The lock-in period applicable to non-general shareholders will remain in place from the date of debut trading instead of issuing IPO prospectus.Lock-in is a predetermined amount of time after an initial public offering where large stakeholders are restricted from selling their shares.The decision was taken Wednesday at a meeting held...

Biman aircraft skids off runway in Yangon, 30 hurt

A Biman Bangladesh Airlines flight from Dhaka to Yangon skidded off the runway while landing at Yangon Airport in Myanmar on Wednesday evening, leaving all of its 30 passengers injured, reports UNB.“A Biman Bangladesh Airlines flight from Dhaka to Yangon skidded off the runway while landing this evening. Weather was...

An engine boat loaded with fresh vegetables

An engine boat loaded with fresh vegetables crossing the Buriganga river to go to Shyambazar wholesale market in the city on Wednesday. The photograph was taken in Postagola area — FE photo by Shafiqul Alam

Pedestrians walking past a barricade

Pedestrians walking past a barricade put up on a road at Demra by jute mills workers who continued their protests for the third day on Wednesday to press home their demands — Collected

News Watch- (09-05-2019)

Chinese man held with Tk 12m gold in Ctg CHATTOGRAM, May 8: Customs officials arrested a Chinese national with 24 gold bars worth about Tk 12.0 million from Shah Amanat International Airport on Wednesday. The arrestee was identified as Fan Rongui. He arrived in Chattogram on board a flight (BG-148)...