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

Currency swap with rupee difficult: MCCI

A leading chamber says trading with India through currency swap with the rupee instead of the US dollar is not easy for the cardinal reason that it is not in the IMF currency basket. Currently, the basket of the International Monetary Fund consists of five trading currencies-the U.S. dollar, the...

Trading in yuan to yield little, say economists

Allowing the Chinese currency for international trade would help Bangladesh little in decreasing dependence on the US dollar due to negligible yuan reserves and also currency-conversion risks, analysts say.The prospect of cross-border trade through the Chinese yuan (CNY) or reinminbi is dim as Bangladesh has only some 1.40 per cent...

Put an end to Ukraine war immediately

NEW YORK, Sept 24 (UNB): Prime Minister Sheikh Hasina on Friday demanded an immediate end to Ukraine-Russia war and resulting sanctions for the sake of lives and livelihoods of the people throughout the world."We want the end of Russia-Ukraine war. Due to sanctions, and counter-sanctions, not a single country, rather...

Farmers are busy drying raw jute fibres in the Banglabazar area of Munshiganj.

Farmers are busy drying raw jute fibres in the Banglabazar area of Munshiganj. The photo was taken recently — FE photo

83.9pc MFIs face loss to Covid: Study

A new study on microfinance institutions (MFIs) says 83.9 per cent respondents faced reduced income or loss in business due to the Covid-19 pandemic in Bangladesh.Forty per cent microfinance recipients of the respondents cited loss of jobs and 22 per cent were unable to pay loan instalments on time.The study...

Daily dengue caseload hits year’s high

The number of dengue-infected patients continued to rise fast in Bangladesh as the country recorded the highest number of single-day caseload this year until Saturday morning, official data showed. In the last 24-hour ending 8:00am in Saturday, a total of 440 patients seeking treatment for the viral fever were hospitalised...

Briefing 25-09-2022

Chartered Life's IPO opens todayThe initial public offering (IPO) of Chartered Life Insurance Company opens for subscription today (Sunday), aiming to raise Tk 150 million from the capital market under the fixed-price method. The new-generation insurer's IPO subscription period will close on September 29, according to its abridged prospectus published...