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

Rice price doubles from farm to retail market, green chilli records 116pc hike

Protracted, inefficient food-supply chains are amplifying the gap between farm-gate and retail prices of essentials, contributing to persistent food inflation and weakening consumers' purchasing power.A new study by the Centre for Policy Dialogue (CPD) digs out this main hiker of inflation, as government interventions like elevated interest rate and tightfisted...

FSRU shutdown disrupts 2 spot LNG cargo deliveries

The government has approved the purchase of one spot cargo of liquefied natural gas (LNG) from Singapore-based Vitol Asia Pte Ltd at $22.35 per million British thermal units (MMBtu) to help ease the ongoing nationwide gas shortage.The approval came at a meeting of the Cabinet Committee on Government Purchase held...

Policy interest rate reduced to 9.5pc

Bangladesh Bank has reduced the policy rate by 50 basis points to 9.50 per cent just a month after announcing a cautious and contractionary monetary policy aimed at inflation combat.Amid cries from business circles, the central bank makes the downward adjustment in its benchmark rate in 22 months notwithstanding inflation...

BD, US reaffirm deeper ties in wide areas

Bangladesh and the United States have reaffirmed their commitment to strengthening bilateral relations, with both sides signalling fresh momentum in diplomatic engagement on issues of common good. The renewed commitment came during the current visit of Washington's special envoy for South and Central Asia, Sergio Gor, who is busy discussing...

Transition-time depressed dev works diminish ADP execution

Depressed development works in the transition time are among reasons that diminished Bangladesh's Annual Development Programme (ADP)-implementation rate to a historic low of 67.52 per cent in the past fiscal year, latest official data showed.Officials think a dismal failure in the vital education sector in implementing the ADP dragged down...

BB moves to remove EXIM Bank administrator

The Bangladesh Bank (BB) has initiated the process of withdrawing administrators from the five merged Islamic banks to further accelerate the operations of the newborn Sammilito Islami Bank, starting with EXIM Bank.A day after the decision of the central bank board of directors over the gradual withdrawal of the administrators...

BERC cuts furnace oil price

The energy regulatory commission reduced the furnace oil price by Tk 8.71 per litre, or 7.98 per cent to Tk 100.39 per litre from previous Tk 109.10 per litre at the retail level with effect from Thursday midnight.The Bangladesh Energy Regulatory Commission (BERC) issued a notification in this connection.Furnace oil...

The Shaheed Zia Shishu Park in the capital's Shahbagh remains closed

The Shaheed Zia Shishu Park in the capital's Shahbagh remains closed as modernisation has been going on for over eight years, depriving the city children of recreational activities. The photo was taken on Thursday. — FE Photo by K Asad-Uz-Zaman