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

Inflation at 5.0pc not impossible sans printed money

Bangladesh Bank Governor Dr Ahsan H. Mansur says limiting inflation within 5.0 per cent is not an impossible task if there be no need for printing money to fund development recipe. To make it happen, he underlines continuous efforts and policy predictability. "If we continue printing money and say inflation...

Garment export to EU may face cutthroat competition

Bangladesh's readymade garment (RMG) export to its largest destination may face tough competition as competitors like China, Vietnam, Cambodia, Pakistan and Sri Lanka have incrementally raised their concentration in the European Union (EU) for a decade, sources say.The trade race may intensify further in the days ahead, especially following the...

China aloof from aid channeling to Rakhine: Envoy

China is not involved with the UN initiative to channel aid supplies into Myanmar's Rakhine State from Bangladesh, says the Chinese envoy, also reaffirming their stand on noninterference in internal affairs.Speaking at a function Thursday in Dhaka, the Chinese Ambassador in Bangladesh, Yao Wen, also said China is ready to...

Stats bureau now exclusively empowered to publish data

The Statistics and Informatics Division (SID) under the Ministry of Planning has adopted two policies granting the Bangladesh Bureau of Statistics (BBS) exclusive authority to publish all findings and reports produced through its regular activities or any development projects implemented under its purview.As a result, the release of data will...

We’ve to develop our port to build country as manufacturing hub, says BIDA Chairman

CHATTOGRAM, May 08: Investments worth US$ 800 million would be made centring on the existing container terminal at Laldia Char in Chattogram, said BIDA chairman Chowdhury Ashik Mahmud Bin Harun on Thursday.The chief of Bangladesh Investment Development Authority (BIDA) said, "To build Bangladesh as a manufacturing hub, we need to...

Trump offers to mediate, UK too

US President Donald Trump on Wednesday offered to mediate what has become the worst military confrontation between India and Pakistan, report agencies.He called for an immediate halt to the escalating violence the two nuclear-armed neighbours.Speaking from the White House, Trump expressed concern over the growing conflict. "It's so terrible," he...