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

BD to seek GSP up to nine yrs after LDC graduation

Bangladesh prepares to propose at the upcoming WTO meet continuity of preferential trade treatment for six to nine years after graduating from the LDC status so that the country is not suddenly exposed to open competition.As per recent consensus of the LDC ministers, Bangladesh has decided to cut its expectations...

ADB lends $150m for CMSEs recovery

The Asian Development Bank lends Bangladesh $150 million to breathe new life into cottage, micro, and small enterprises (CMSEs), battered by the Covid-19 pandemic.Official sources said the board of directors of the Manila-based lender approved the loan Thursday, the ADB headquarters said in a statement.Some 30,000 CMSEs operated by youth,...

New law to regulate tour operators

Parliament passed a bill on Thursday to bring tour operators under a legal framework.The Bangladesh Tour Operators and Tour Guides (Registration and Operation) Bill, 2021 also aims at ensuring the best services for the tourists and thus giving a boost to the potential tourism sector.State Minister for Civil Aviation and...

BB uses FER to hasten services export receipts

The central bank asked authorized dealer (AD) banks to ensure repatriation of services-export proceeds within 120 days the way merchandise-export earnings are brought home.To this end, the Bangladesh Bank in an order invokes a 1947 Partition-year law on foreign exchange. Officials said the instructions are equally applicable to repatriation of...

Direct school jabbing soon

The government has decided to vaccinate students against coronavirus, through visit to every school countrywide.The Directorate General of Health Services (DGHS) now administers Pfizer antidote to students aged 12-17 from some dedicated makeshift points installed at some educational institutions in Dhaka.But it causes registration-related complicacy as each centre assigned to...

IDRA-named body for Delta Life declared illegal

The High Court on Thursday declared the four-member consultancy committee appointed for the Delta Life Insurance Company Limited by the Insurance Development and Regulatory Authority (IDRA) illegal.The High Court bench of Justice Md Mozibur Rahman Miah and Justice Md Kamrul Hossain Mollah delivered the verdict after hearing a writ petition...

Wool yarn at a makeshift shop

A trader is arranging wool yarn at a makeshift shop in the city's Gulistan area on Thursday. With the winter setting in, the sale of wool rolls starts gathering pace as people knit warm clothes with the thread during this season — FE photo by Shafiqul Alam