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

New electric car plants to get land free-of-cost

Bangladesh will offer land for free to electric car producers as this has huge economic opportunities, PM's private sector industry and investment adviser Salman F Rahman said on Wednesday."We'll offer free-of-cost land to the investors who will produce electric cars in Bangladesh," he told a webinar, recalling a recent meeting...

UN, EU reiterate concern over shifting of Rohingya

As the authorities are preparing to shift hundreds of Rohingya refugees from Cox's Bazar to Bhasan Char Island on December 4-5, international communities, including the United Nations (UN) and the European Union (EU), again expressed their concern over the move on Wednesday.They said the relocation should be done after the...

Cabinet body okays direct purchase of Covid vaccine

The government on Wednesday approved the procurement of coronavirus vaccine under direct purchase method in line with the public procurement rules (PPR), 2008.A virtual meeting of the cabinet committee on economic affairs gave the approval, with law minister Anisul Huq in the chair.In accordance with the PPR, any government procurement...

Death toll up to 6,713

The death toll from Covid-19 increased to 38 on Wednesday from 31 on Tuesday, according to official figures.However, the number of people diagnosed with coronavirus was comparatively lower on Wednesday than that of the previous day.The Directorate General of Health Services (DGHS) reported 2,198 new Covid-19 cases during the last...

BD witnesses largest fall in APAC region

The real minimum wages in Bangladesh witnessed the largest fall in Asia and the Pacific (APAC) region in the last decade while Vietnam recorded highest growth, according to a latest report of the International Labour Organization (ILO). Bangladesh is also the only country in the region whose average annual minimum...

BB loosens regulations

The central bank has relaxed its regulations for receiving cash incentives on the money sent by expatriate Bangladeshis further aiming to expedite the inflow of remittances despite the Covid-19 pandemic, officials said.Under the latest relaxations, banks are now allowed to provide the government -- announced 2.0 per cent cash incentives...

Robi IPO gets subscribed 2.75 times

The initial public offering (IPO) of mobile phone operator Robi was oversubscribed 2.75 times, which was much less than the usual trend of 20 times or more.This implies that the general investors will get one lot of 500 Robi-Axiata shares in less than three applications.However, the oversubscription stands at 3.5...