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

BPC cancels tender for Jan-June 2021

The state-run Bangladesh Petroleum Corporation (BPC) has cancelled the tender it had floated to import around 1.25 million tonnes of refined petroleum products in the first half (H1) of the year 2021 (January-June).The BPC was planning to import up to 990,000 tonnes of 0.005 per cent sulfur gasoil (diesel), 120,000...

Rate cut lowers Q2 fixed deposits

The volume of fixed deposits with the banking system fell by 2.41 per cent in the second quarter ending in June compared to January-March, dwindled by lower interest rate. The amount of fixed deposits decreased by Tk 139.4 billion to Tk 5.67 trillion in the three months to June compared...

37 more die, 1,666 infected

A total of 37 people died of Covid-19 and 1,666 were detected positive with the coronavirus in the country in the 24-hour period till Wednesday morning.With the new figures taken into account, the deadly virus claimed 5,044 lives and infected a total of 3,53,844 individuals so far.The Directorate General of...

S Arabia agrees to extend visas, iqama by 24 days

Saudi Arabia has finally agreed to extend the validity of visas and iqama for Bangladeshi workers by 24 days, providing some sort of relief for the returnee migrant workers desperately trying to go back to the Gulf country before their visas expire. The stranded Bangladeshi workers, whose visas have already...

Largest IPO proposal gets BSEC nod

The securities regulator on Wednesday approved the country's largest ever IPO (initial public offering) proposal of mobile phone operator Robi Axiata for raising more than Tk 5.23 billion from the capital market.The Bangladesh Securities and Exchange Commission (BSEC) has approved the proposal that also included the demand for allotting the...

Cabinet body rejects road div proposal

The cabinet committee on government purchase has rejected a proposal for Road Transport and Highways Division's road development work because of single submission of tender documents.The Roads and Highways Department had floated a tender for road development in Shariatpur district, where one bidder submitted documents and proposed Tk 1.05 billion."We...

BD assigns two Japanese firms

Bangladesh signed on Wednesday agreements with two Japanese consultancy firms for developing Matarbari port at Moheshkhali sub-district in Cox's Bazar.As per the deals, the government will pay Tk 7.0 billion to the companies for their consulting work on the fast-track project.To rope them in the building scheme, two separate agreements...

A section of people

A section of people, mostly poor, still depend on faith healers for the treatment of themselves and their children even in the city where modern treatment is easily available. The photo shows a woman, who practises faith healing, tending to a child on a footpath in Dhalpur area on Wednesday...