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

Now IMF projects 4.4pc growth

The International Monetary Fund (IMF) projected a 4.4 per cent economic growth of Bangladesh in the current fiscal year (FY) 2020-21.The October 2020 version of the World Economic Outlook (WEO), released on Tuesday morning in Washington, DC, unveiled the projection. The title of the outlook is 'A Long and Difficult...

President signs ordinance

President M Abdul Hamid promulgated an ordinance on Tuesday, giving his assent to a proposed law prescribing death penalty for rape a day after it secured cabinet approval, reports BSS."The President assented the cabinet decision and issued an ordinance on the amendment of Nari O Shishu Nirjaton Daman Ain (Women...

Exports keep shrinking in Q1

The country's apparel exports to the non-traditional markets are still facing hurdles. Shipments to those destinations maintained negative growth during the first quarter (Q1) of the current fiscal year (FY), industry people said. Readymade garment (RMG) shipments to the traditional markets like the USA, EU and Canada, however, started regaining...

BD to seek $5b soft loan from WB in next three years

Bangladesh would seek funds worth US$5.0 billion from the World Bank's (WB's) IDA-19 package for the next three years to bankroll its socio-economic development activities, officials said on Tuesday.In addition, the government would also request the Bank to confirm some $500 million budgetary support for the current fiscal year (FY),...

Mannan tests positive for coronavirus

Planning Minister MA Mannan has been diagnosed with the Covid-19, reports bdnews24.com.The minister was admitted to the Combined Military Hospital after testing positive for the virus, said Md Shahedur Rahman, a spokesman for the planning ministry, on Tuesday."After feeling feverish a couple of days ago, he underwent the test upon...

Covid-19 claims 22 more lives

The coronavirus infection rate remained static at 11.13 per cent in the country on Tuesday, according to the Directorate General of Health Services (DGHS).The infection rate remained the same on Monday although the number of confirmed cases recorded in the last 24 hours increased slightly only because of a rise...

Briefing 14-10-2020

Stocks rebound after three-day slumpStocks rebounded on Tuesday, snapping a three-day losing streak, as optimistic investors showed their buying appetite on sector-specific issues. Page 9US keen on India's interests: US envoyA top U.S. envoy speaking in New Delhi has called China "an elephant in the room" and said Washington is...