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

Super cyclone Mocha may hit BD coast tomorrow

Bangladesh braces for the 'severe' cyclonic storm Mocha that is likely to hit north-western coastal areas, including St Martin's, Cox's Bazar and Teknaf, on Sunday noon.Meanwhile, the Bangladesh Meteorological Department (BMD) on Friday night issued great danger signal No. 08 for Chattogram, Cox's Bazar and Payra ports.The earlier hoisted warning...

Rising cost of funds threatens NBFI profitability

The cost of funds in non-bank financial institutions (NBFIs) continues to grow, dealing a severe blow to their profit earnings, according to officials and market insiders. These rising expenses in managing credits have made it difficult for NBFIs to make an immediate turnaround from the stress they have been experiencing...

Foster cooperation, partnership

Prime Minister Sheikh Hasina on Friday raised six priority areas for the countries of the Indian Ocean region, including fostering maritime diplomacy and partnership, and strengthening maritime security and mutual trust for prosperity for all, reports UNB.“Despite its potential, the region faces many challenges. The countries in the Indian Ocean...

BD, Nepal await India’s nod

Bangladesh and Nepal are waiting for India’s consent to start power export from Nepal to Bangladesh. India’s consent is necessary in this regard, as transmission line has to be passed through India, which stands between the two countries.When contacted, Power Division Secretary Habibur Rahman said both Nepal and Bangladesh will sit...

Rules allowing exit from locked-in TIN ready

The government is set to introduce exit policy for taxpayers for the first time to rid cross-sections of people, including expatriates, locked in TIN forever once taken. The revenue authority is likely to incorporate a provision of de-registration into the law for the taxpayers who are searching ways to exit...

Prayer Timings (2023-05-13)

Briefing 2023-05-13

Stocks end almost flat amid volatility Stocks returned to the green in the outgoing week after a single-week break but ended almost flat, as investors were active on both sides of the trading fence amid a lack of clear direction. The market witnessed volatility due to cautious investors' profit-booking tendency...