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

BB asks banks to meet CRR, SLR requirements

The central bank has asked the scheduled banks to comply with cash reserve ratio (CRR) and statutory liquidity ratio (SLR) rules concerning their offshore banking operations from September 01 next.The banks are allowed to maintain the CRR and SLR only for the offshore banking operations (OBOs) using both local and...

Residents of fire-ravaged Cholontika slum

Residents of fire-ravaged Cholontika slum in the capital's Mirpur area in a long wait on a nearby school premises for relief materials defying hot and humid weather on Monday noon — FE Photo by Shafiqul Alam

$500m infrastructure investment fund likely

A US$500 million fund is likely to be created with contributions from the government, bourses, banks and financial institutions to invest in various infrastructures, officials said.The private sector people will enjoy tax and duty waiver if they invest in the proposed National Infrastructure Fund, they said.The Public Private Partnership Authority...

FY'19 trade gap narrows

The country's merchandise trade deficit with the rest of the world narrowed in the past fiscal year (FY'19), despite slight rise in imports, the central bank said on Monday.The latest statistics showed that trade gap reached US$15.49 billion in FY19, down from $18.17 billion in FY18.The double-digit expansion in goods...

Rawhide trading with cash starts, partially

Trading in the city's wholesale hide and skin market began from Monday after a week's impasse over pay row and price debacle. Traders said they are selling hide and skins at the government-fixed prices only to those who purchase making cash payment. They will start selling in full swing after...

Services below par on poor accountability

People are not getting the expected level of services from the existing top-heavy civil administration as the issue of accountability is still largely neglected.No effective measure of accountability could still be put in place as the age-old system, known as ACR (Annual Confidential Report), is almost ineffective. It could do...

News Watch (20-08-2019)

Onion price heats up at Hili for closure of port on EidHILI (Dinajpur), Aug 19: Wholesale traders hiked the onion price by Tk 10-11 per kg here on the excuse of short supply following the closure of Hili port for eight days on the occasion of Eid-ul-Azha. The imported onion...