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

Most cargos charred in HSIA fire unlikely to be compensated

All insured goods incinerated in the import-cargo-village fire at Hazrat Shahjalal International Airport (HSIA) may not be compensated as most consignees had 'Air Risk Only' insurance coverage.This insurance policy covers only four specific risks: air crash, hijacking, forced landing, and on-air collision with another object.In contrast, there is another insurance...

Pharma sector stares at big loss from fire

The devastating fire at the cargo village of Hazrat Shahjalal International Airport (HSIA) has dealt a severe blow to Bangladesh's pharmaceutical industry, with an estimated economic impact of more than Tk 40 billion.Industry leaders fear the blaze could disrupt the production of life-saving medicines, including antibiotics, cancer drugs, diabetes treatments,...

BNP for caretaker-model govt during polls with neutral admin

Bangladesh Nationalist Party (BNP) on Tuesday urged the interim government to operate 'in the mode of a caretaker government' to ensure a free, fair and acceptable general election scheduled for February next year."We met the Chief Adviser to share some of our political concerns, especially about the upcoming parliamentary election....

Independent central bank a must-have to heal macroeconomic ills: Experts

Independent operations of Bangladesh Bank (BB) can heal many of the macroeconomic ills severely hurting the economy, experts said Tuesday to underscore the urgency of freeing the central bank from bureaucratic controls.In absence of the central bank's independence, they said, the banking regulator is often used as a political weapon...

Economy stabilising amid sluggish investment momentum

Bangladesh's economy shows signs of cautious stabilisation, but investment momentum remains sluggish as the private-sector credit growth weakens and borrowing costs remain high, according to a report of the General Economics Division (GED) under the Planning Commission.Released on Tuesday, the October issue of the Economic Update and Outlook highlights that...

Teachers' strike ends on 15pc house-rent allowance raise

A prolonged teachers' strike ended Tuesday on a 15-percent house-rent allowance raise finally approved by the head of interim government. Bangladesh's economy-"devastated by 15 years of rampant corruption and plunder"-has not yet regained the capacity to afford the 20-percent increase demanded by the teachers, said Chief Adviser Professor Muhammad Yunus,...