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

Government may consider compensating investors: BB

Executive Director and Spokesperson for the Bangladesh Bank (BB) Arif Hossain Khan says that the government may consider compensating general investors who have been affected by the merger of five troubled Islamic banks."If small, affected investors approach the government with an application, there is an expectation that the government may...

Govt downsizes current budget by Tk 150b, to ramp up next one

With election and a new government in sight in a couple of months, the interim incumbent seems edgy as it downsizes the current fiscal budget while sets sights high in calculating the next one. A meeting of the committee for coordination on fiscal, monetary, and currency exchange and resource management...

Country risks trade deals amid limited defence mechanisms

Bangladesh is moving to sign multiple trade deals, including Preferential Trade Agreements (PTAs), Free-Trade Agreements (FTAs), and Economic Partnership Agreements (EPAs), without sufficient preparation to protect its domestic industries through robust trade-defence mechanisms, sources say.The government is in talks with several countries on trade deals, while its EPA with Japan...

Bangladesh to get duty-free access to Japan mkt for 3 yrs after graduation

Bangladesh will continue to enjoy duty-free market access to Japan for three more years after graduating from the least-developed country (LDC) status as Tokyo has amended its tariff system to extend preferential treatment for LDCs.Japan formally notified the World Trade Organisation (WTO) on November 5 of the reform in its...

One shot dead, buses burnt and cocktails blasted

One person was killed in daylight shooting while several buses were torched and two cocktails blasted at different places in Dhaka since morning in a spell of violence Monday, incidentally amid political tensions. Police and witnesses said assailants shot Tarif Sayed Mamun, 55, pointblank in front of the gate of...

JICA rejects proposal pointblank on 'disappointment'

Japan international cooperation agency (JICA) has rejected outright Dhaka metro-rail company's request to cancel entire biddings on two contract packages for MRT-5 North, on a note of "disappointment with the request","Jica will not concur on any such request," Yoshida Hirosh of the agency says in a letter Sunday to the...

Charter referendum stalls amid political standoff, economy suffers

An envisaged referendum on the July Charter meant for validating uprising-driven reforms stalls amid standoff over the scrapping of notes of dissent from the National Consensus Commission report, further stocking uncertainty economic field.Meanwhile, as the seven-day ultimatum given to political parties by the interim government for a rethink ended Monday,...