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

Cheap labour edge won't last long

With Bangladesh heading towards achieving the middle-income country status, local enterprises must find alternative path to stay competitive in the global market, the Planning Commission said."In the unfolding industrial universe of the future, Bangladesh firms will face stark reality that competitive advantage founded on low labour cost cannot be guaranteed...

Flooding worsens in north, may affect central part

Flood situation deteriorated at many places in northern and central regions, even if water levels of many rivers started to fall on Friday.Thousands of flood victims, however, remained hungry and vulnerable to diseases like diarrhoea as relief supplies were scanty to meet their needs.However, 14 rivers at 22 points in...

US to hold persons accountable: Pence

A top US leader has expressed his government's stance over holding the persons who are responsible for unleashing "brutal atrocities" against the Rohingya accountable, the foreign ministry said on Friday. US vice president Mike Pence said this while delivering the keynote address in the 2nd ministerial meeting on advancing religious...

Foreign Office claims fat fees for designer

The Foreign Office has sought Tk 195 million for appointing a design consultant as it plans to build a chancery complex and envoy's residence in Saudi Arabia, officials said.The ministry of foreign affairs has proposed purchasing furniture and electronic appliances at Tk 62 million for the chancery complex and Tk...

Liquidator to take charge in a day or two

The newly-appointed liquidator for the People's Leasing and Financial Services Limited (PLFSL) is expected to take over the responsibility of the trouble-torn non-banking financial institution (NBFI) soon."We've received the certified copy of the High Court (HC) order in this connection on Thursday," a senior official of the Bangladesh Bank (BB)...

News Watch (20-07-2019)

Moderate quake jolts countryA moderate tremor measuring 5.5 on the Richter scale shook Dhaka, Sylhet and other places in the country on Friday afternoon, according to Bangladesh Meteorological Department (BMD). The quake was felt at 3:22 pm (local time), but no casualties or damage were reported in the earthquake, it...