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

Dollar dearth, demand drop sink ship-breaking industry

Scrap-ship imports have drastically dropped for dollar dearth and demand-side problems in Bangladesh, sources say, thus imperiling linkage industries and construction sector under knock-on impacts.Local ship-breakers have informed that the number of imported ships for dismantling has drastically fallen during the first half of 2022 for the headwinds from both...

BB yet to allow rupee in foreign trade

Bangladeshi businesses won't be able to use Indian Rupee for foreign trade as Bangladesh Bank (BB) is yet to enlist Rupee to settle letters of credit (LC), reports UNB.BB spokesperson and executive director Md Serajul Islam said that the central bank is yet to enlist Rupee for foreign trade.He said...

Service Hub gets PSO licence

Bangladesh Bank (BB) on Thursday issued a payment system operator (PSO) licence in favour of Service Hub Limited for providing online payment services in the country.The PSO's brand name is PayStation.A PSO facilitates payments of online trading between buyers and sellers.For example, if anyone buys a product through an online...

A double regression on poverty, child labour feared

Halima has sent her son to a motor workshop in Dhaka's Banglamotor area, at age as early as 11 years. It, evidently, represents a double regression, from progression in poverty alleviation and child-labour elimination. She syas she has been compelled to do so. Bearing household expenditure of four members with...

New MRP of palm oil, sugar from Sunday

The government revised maximum retail price (MRP) of palm oil and sugar on Thursday by reducing prices of the essentials, effective from Sunday.The Ministry of Commerce (MoC), as per recommendations of the Bangladesh Trade and Tariff Commission, has reduced palm-oil price by Tk 12 a litre to Tk 133 a...

Prayer Timings (2022-09-23)

Briefing 2022-09-23

Stocks inch up in choppy trading Stocks ended marginally higher on Thursday, after a two-day correction, as bargain hunters showed their buying interest in selective issues. The market swung between positive and negative territories before closing marginally higher although prices of most stocks remained unchanged. Page 9Russia call-up sparks protestsRussian...