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

Lobby on to supply LNG as prices slip

Global liquefied natural gas suppliers are lobbying with Bangladesh to ink deals to secure a persistently 'higher' price of the fuel for a long time.The LNG suppliers, who have already signed initial deals and memorandums of understanding with state-run Petrobangla, are at the forefront.Indonesia's Petramina, Malaysia's Petronas, Brunei's Brunei LNG,...

Dhaka to strike dozen MoUs with New Delhi

Bangladesh expects to sign 10 to 12 memos with India during Prime Minister Sheikh Hasina's visit to the neighbouring country, foreign minister Dr AK Abdul Momen said on Wednesday.Hasina will be visiting India from October 3 through October 6.Border killing, Rohingya issue, NRC, connectivity, withdrawal of anti-dumping duty will top...

Funds for onion import at 9.0pc interest: BB

The central bank has fixed a flat 9.0-per cent interest rate for financing onion imports to help rein in the soaring prices of the spice in the local market.A circular to this effect was issued on Wednesday, which will remain in force until December 31 this year.Meanwhile, onion prices declined...

Remitters start getting incentive: Minister

Finance minister AHM Mustafa Kamal said on Wednesday the payment of incentives to remitters has already started, indicating a massive escalation in remittance earnings this year.He said the provision of providing a 2.0-per cent incentive was kept in the budget but it took some time to develop a required system...

BB reshuffles three SoCBs' observers

The central bank has reshuffled its observers in three state-owned commercial banks (SoCBs) to further strengthen its monitoring on the banks for improving their financial health, officials said.Under the latest measure, Kazi Sayedur Rahman, an executive director (ED) of the Bangladesh Bank (BB), has been shifted to the Agrani Bank...

BSEC now clarifies cash bonus issue

The securities regulator has clarified its earlier notification regarding the recommendation and distribution of cash dividend.Being compliant with securities rules, listed companies will be able to recommend and distribute cash dividend from the earnings retained in the year of declaring dividend despite having accumulated losses.The Bangladesh Securities and Exchange Commission...