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

Listed cos to face curbs

The listed companies might soon be barred from providing interest-free loans to their subsidiaries or non-listed companies. A move to this effect is under consideration of the securities regulator---the Bangladesh Securities and Exchange Commission (BSEC)--- with the objective of improving the listed companies' financial strength and ensuring the interest of...

US presidential polls get underway

Americans began casting ballots on Tuesday in an Election Day unlike any other, braving the threat of COVID-19 and the potential for violence and intimidation after one of the most polarizing presidential races in US history, report agencies. In and around polling places across the country, reminders of a 2020...

BD urges all to show restraint

Bangladesh on Tuesday urged both its people and France to show restraint in dealing with religious sentiment and not to link religion with trade.Referring to the recent act of violence in France over religious issue, Bangladesh foreign secretary Masud Bin Momen noted that Bangladesh does not support any kind of...

36 textile mills in NBR dock

The VAT authority has found some 36 textile mills in Narsingdi under Dhaka division misused concessionary duty benefit for importing capital machinery.The East Zone of the Customs, Excise and VAT Commissionerate, Dhaka detected irregularities during a sudden raid on the mills on the basis of secret information.It has found that...

17 more die, 1,659 positive in 24 hrs

Seventeen more people died from coronavirus infection on Tuesday with the government reporting 1,659 new Covid-19 cases during the last 24-hour reporting time of the day.Of them, 16 were male and one was female.Meanwhile, the number of total casualties from Covid reached 5,983 since the virus was first detected in...

BB releases CMSEs' credit guarantee manual

The central bank has released the credit guarantee scheme manual that ensures covering maximum 30 per cent loss of selected loan portfolios of the cottage, micro and small enterprises (CMSEs) in case of default. The participating financial institutions (PFIs), scheduled banks and non-banking financial institutions (NBFIs), will get 80 per...

Suhrawardy Hospital, IPH directors made OSDs

The health ministry has made Shaheed Suhrawardy Medical College and Hospital director Professor Dr Uttam Kumar Barua and Institute of Public Health (IPH) director Dr Md Abdur Rahim officers on special duty (OSD).The health ministry issued a circular to this effect on Tuesday.Suhrawardy Hospital deputy director Dr KM Mamun Morshed...

'Face mask must before a vaccine arrives'

The second wave of Covid-19 has started to hit several European countries. Many countries have already announced a lockdown for the second or third time, reports UNB.Although Covid-19's second wave can strike Bangladesh, too, in the winter, the country's health sector is prepared to face it.Health Minister Zahid Maleque on...