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

Eight global consultants submit EoIs

Eight global consultants have submitted expressions of interest (EoIs) to carry out the job of upgrading the country's offshore model production sharing contract (MPSC), paving the way for launching the long-awaited bidding round for hydrocarbon exploration.The firms include Wood Mackenzie, PricewaterhouseCoopers (PwC), Project Design Consultant (PDC), IHS Markit & RPS...

Woo FDI in three sectors

Foreign investors in Bangladesh find agribusiness, digital economy and green business as three potential sectors which they think would propel the country onto the next trajectory of development.While appreciating the country's remarkable socioeconomic progress achieved over the last 50 years, they suggested ensuring pro-business policies to attract FDI (foreign direct...

Bangladesh Army should be People's Army: PM

Prime Minister Sheikh Hasina on Sunday asked the members of the Armed Forces to uphold the glory of the country by contributing to its development activities alongside protecting the sovereignty, reports UNB."I believe you can earn admiration everywhere by your discipline and professions and can uphold the glory of the...

Covid claims seven lives

Seven people died from Covid-19 and 199 new virus cases were reported during the last 24 hours until 8:00 am on Sunday.However, zero fatality and 178 cases were recorded on Saturday, according to the Directorate General of Health Services (DGHS). With the latest daily counts, the total fatalities from Covid-19...

Exporters, off-docks lock horns over tariff hike

Apparel exporters defy enhanced container-handling tariffs as the port-service receivers and private off-dock operators locked horns over a recent raise in port charges as an aftereffect of diesel- price hike.Apparel exporters and shipping agents challenge that the private off-docks cannot hike charges unilaterally, without any tariff-committee approval, and call it...

Exports get more competitive, imports costlier

Bangladesh's export-competitiveness improved to some extent as Real Effective Exchange Rate (REER) of the local currency decreased nearly 1.8 per cent in June on a quarter-on-quarter basis, though it spurs inflation.The country's REER - a measure of the value of a currency against a weighted average of several foreign currencies...