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

Capital market slump weighs on MF industry

The country's mutual fund (MF) industry remains smaller than many regional countries, including neighbouring India.For instance, India's MF industry has outsized Bangladesh's gross domestic product (GDP), thanks to top-notch professionalism of the Indian fund managers and aggressive marketing. The GDP of Bangladesh is estimated at US$330 billion, lower than India's...

21 more die, 2,111 positive

The number of people diagnosed with Covid-19 was 2,111 on Wednesday with the rate of infection and fatalities from the virus showing a downward trend.The Directorate General of Health Services (DGHS) reported 21 deaths from Covid-19 during the last 24-hour reporting time until Wednesday 8:00 am.The daily death tally from...

Relocation starts in Dec

The much-talked-about relocation of Rohingya refugees to Bhasanchar Island on the southern tip of Noakhali will start next month (December).The island, having a land area of 13,000 acres, has been transformed into a secure place for human habitation with all modern facilities, including schools, mosques, community clinics, and even internet,...

NBR moots no deal if trade gap is wide

The revenue board has suggested refraining from signing any free trade or preferential trade agreements with the countries having huge trade gap with Bangladesh.Free trade agreement (FTA) or preferential trade agreement (PTA) with India, China, Thailand, Malaysia and Indonesia should be avoided to heighten the gap.The National Board of Revenue...

Immunity to Covid-19 may last for years

Immunity to the Covid-19 developed in human body may last for years or even decades, according to global media reports.Citing a new study, the reports said researchers found that blood samples from Covid-19 recovered patients suggest a powerful, long-lasting immune response.Eight months after infection, most people who have recovered still...

BB extends both policy coverage, tenure

Considering the Covid-19 pandemic, the central bank has allowed more time for the exporters to realise their export proceeds.The tenure has been extended up to seven months instead of existing six months, and the coverage of the relaxed policy widened to all export sectors. The extended period for realisation of...

No addl fees amid virus

Private secondary and higher secondary educational institutions cannot collect any sort of development or additional fees from students in the pandemic period.The institutes, both under monthly pay order (MPO) and non-MPO, can take regular tuition fees, according to an education ministry circular issued on Wednesday."Private institutes, MPO and non-MPO, under...