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

Norwegian-US joint venture to conduct Bay hydrocarbon survey

The government has finally decided to employ the Norwegian-US joint venture (JV) TGS-Schlumberger for carrying out a survey to delineate the hydrocarbon reserves in the Bay of Bengal. "We've invited the JV to ink the final deal and initiate the long-awaited multi-client seismic survey in the offshore areas," said a...

Heat wave, gridlock hit city people hard

Scorching heat along with day-long traffic congestion brought terrible sufferings to the city dwellers on Sunday.High humidity and partially cloudy sky raised the heat in the city on the sixth day of the fasting month of Ramadan, hitting hard working people who had to spend hours in vehicles to reach...

BB asks four SoCBs to focus on SME lending

The central bank has asked the four state-owned commercial banks (SoCBs) to focus on SME (small and medium enterprise) lending, particularly in the manufacturing sector, along with large loans to minimise risks, officials said.The advice was given at a meeting held at the Bangladesh Bank (BB) headquarters in Dhaka on...

Production suffers for severe water shortage

CHATTOGRAM, May 12: Production at Sitakunda industrial belt in southern Chattogram region has long been suffering a major setback for severe water shortages.Despite repeated calls from industrialists, sources said, no tangible solution is still in sight to address the problem.On April 01, local lawmaker Didarul Alam wrote to the water...

Sacks of paddy

Sacks of paddy lying stacked up at Brahmanbaria's Ashuganj wholesale market on Sunday. The price of paddy per maund here is Tk 550-650, though the production cost is about Tk 800 — Focus Bangla photo

HC prohibits sales of 52 substandard food items

The High Court has banned the sales of 52 types of food products from several leading consumer brands which were identified as substandard by the Bangladesh Standards and Testing Institution (BSTI) in a recent report, according to bdnews24.com.The court barred the production of the impugned items until the BSTI standards...

News Watch (13-05-2019)

Bangladesh gets WorldSkills Asia membershipBangladesh has secured the membership of WorldSkills Asia, a platform that is aimed at promoting excellence in skills in the Asian region. With this, the National Skill Development Authority (NSDA) under the Prime Minister's Office (PMO) is representing Bangladesh as the 14th member country in the...

Sehri, Iftar & Prayer Timings (13-05-2019)

Spl Supplement

Today's 28-page issue of The Financial Express (FE) includes a four-page special supplement on the FE's Silver Jubilee Celebrations.