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

Export loans get cheapest ever

The central bank has slashed interest rates on loans under Export Development Fund (EDF) scheme to help exporters weather the pandemic-related disruptions.The revised rates will allow exporters to borrow from the low-cost fund at a rate of 1.75 per cent instead of the previous 2.0 per cent.Such an interest rate...

Flags of eight units and organisations

On behalf of Prime Minister Sheikh Hasina, Army chief General Aziz Ahmed raising flags of eight units and organisations of the Bangladesh Army at the Sheikh Hasina Cantonment, Lebukhali, in Patuakhali on Wednesday as she joined the programme virtually from Ganobhaban— ISPR

PM asks pvt banks to support minnows

Prime Minister Sheikh Hasina on Wednesday asked the private banks to be more sincere in providing loans at low interest to small business enterprises to offset the Covid-19 fallout, reports UNB."In our incentive packages, we've taken measures to extend financial assistance to various small businessmen by providing them with loans...

Budget spend shrinks by Tk 1.0tn in FY'20

The government expenditure fell significantly in the last fiscal year as the COVID-19 crisis impacted development outlays.The total budget outlay reached Tk 3.98 trillion at the end of June 30, down by over Tk 1.0 trillion, according to Economic Review 2020, a government publication released on Wednesday.The revised budget for...

Infections, deaths rise further

Both the numbers of detection and fatalities from coronavirus (Covid-19) rose further on Wednesday compared to those of the previous day, according to official data.A total of 23 people - 19 males and four females - died from Covid-19 during the last 24-hour reporting time on Wednesday while the number...

USAID, US cos tie up for Asia’s workers hit by pandemic

The USAID and a dozen of US-based retail, apparel and footwear companies teamed up on Wednesday to help and alleviate the hardship faced by the workers in the Asian supply chains, including that of Bangladesh. The relief comes as part of the efforts to reduce the effect of the Covid-19...

Govt decides to procure 0.85m tonnes of rice, paddy

The government decided on Wednesday to procure a total of 0.85 million (08 lakh 50 thousand) tonnes of rice and paddy during the current Aman season.The procurement will start in the first week of November.As per the decision, 0.2 million tonnes of Aman paddy will be purchased directly from the...