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

Government okays liquidation of People's Leasing

The government has approved a central bank proposal for liquidating People's Leasing and Financial Services Ltd (PLFSL) considering its fragile financial state even as concern grows over depositors' protection, officials said.Liquidation is the process of bringing a business to an end and distributing its assets to claimants. It usually occurs...

PM defends gas price hike, urges people to accept it

Prime Minister Sheikh Hasina urged people to accept the gas price hike without resorting to protests, for the sake of economic development, report agencies.Hasina made the remarks at a media briefing on Tuesday explaining the rationale for the escalation of gas prices."Energy is linked to economic development. Our economic growth...

Rickshaw-pullers protest ban in city

Several hundred agitated rickshaw-pullers demonstrated at different points of Uttara-Sayedabad route in the city on Monday protesting the ban on the movement of rickshaws on three major city roads. The two city corporations imposed the restrictions with effect from Sunday.The rickshaw-pullers gathered at Khilgaon, Maniknagar, Mugda, Golapbagh, Buddha Mandir and...

Loan defaulters cheer as SC stays HC order

The Supreme Court (SC) on Monday stayed the High Court (HC) order for two more months, thus allowing loan defaulters to enjoy the central bank's privileges.Earlier on July 02, the chamber judge had stayed the HC order that halted the Bangladesh Bank (BB) guidelines on special facilities for loan defaulters.With...

FY19 exports rise by 10.55pc, hit $40.53b

The country's export earnings reached an all-time high of US$ 40.53 billion in the just concluded fiscal year (FY), 2018-19, registering a 10.55 per cent growth over that of the previous fiscal, according to official data.Bangladesh fetched $ 36.66 billion in FY 2017-18.The export earnings in FY 19 also surpassed...

UK committed to maintaining DFQF access for Bangladesh

British High Commi-ssioner in Dhaka Robert Chatterton Dickson on Monday said the United Kingdom is committed to maintaining the duty-free and quota-free market access for Bangladesh once it leaves the European Union. "Furthermore, UK Export Finance current credit limit of £750 million for Bangladesh market shows the UK's commitment to...

News Watch (09-07-2019)

HSC, equivalent exams results on July 17The results of this year's Higher Secondary Certificate (HSC) and its equivalent examinations will be published on July 17. The results of HSC and its equivalent examinations will be published on July 17. The results will be handed over to Prime Minister Sheikh Hasina...