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

Centralised policy behind deficit

The coronavirus pandemic, which arrived in the country in early March, has brought to the fore a high-level regional disparity in areas of health sector management.The disparity, unfortunately, has led to premature deaths of many and infections of tens of thousands during the ongoing pandemic.The issue of disparity in the...

GDP to grow 6.8pc in FY'21, projects ADB

Bangladesh's economy is expected to grow at a rate of 6.8 per cent in the current fiscal year, recovering from the severe adverse impact of Covid-19 pandemic, Asian Development Bank (ADB) said on Tuesday. It, however, apprehended that this growth projection would not be achieved if the pandemic prolongs in...

Onion prices soar to Tk 110 per kg

The prices of onion jumped to Tk 110 per kilogram on Tuesday in the wake of an export ban imposed on the spice by India.Onion prices, which went up by Tk10-15 a kg at retail level on Monday following India's export ban, increased further by Tk 30 per kg just...

Design fault detected midway

A major design fault has been detected in the Padma rail link project midway through its implementation for keeping height gap between approach roads and rail tracks lower than standard.Sources said this fault would block heavy vehicles crossing the country's longest bridge.The Padma Multipurpose Bridge project being implemented by the...

Khaleda to stay out of prison for six more months

The government has extended BNP Chairperson Khaleda Zia's prison-term suspension by six months in two cases over corruption, reports bdnews24.com.The home ministry announced the executive order on Tuesday following an appeal from her family.Khaleda's previous suspended sentence is scheduled to end on Sept 24. The government freed her on Mar...

Covid-19 fatalities cross 4,800 mark

With 43 more fatalities recorded in the past 24 hours ending Tuesday morning, the death toll from the novel coronavirus in the country crossed 4,800-mark to reach 4,802, according to the official data. This new figure made Bangladesh the sixth worst-hit country in Asia in terms of fatalities after India,...

Exporters may use retention quota

Exporters may use foreign exchanges from their 'export retention quota' (ERQ) to pay monthly remuneration of foreign employees working with export-earning firms in Bangladesh.The central bank has made the move to help diversify the use of funds maintained with commercial banks by exporters.This will minimise risk for exporters as the...

BD moves to relax age limit for govt jobs

The government will allow those who turned 30 on Mar 25 amid the coronavirus shutdown to apply for government jobs, reports bdnews24.com. Government job seekers will be provided with the opportunity, State Minister for Public Administration Farhad Hossain told reporters on Tuesday, citing a directive from the prime minister.The Ministry...