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

Surging global prices likely to push up wheat import cost

The cost of wheat import is likely to be higher notably this fiscal year due to an upward trend in the international prices of the food grain. The low global output is blamed for the price hike.The hike might lead to an increase in wheat-based food prices in the country,...

Frolicking youths aboard a boat

Frolicking youths aboard a boat on Monday jumping into the Buriganga water which is no more stinking like before with the increase in its flow — FE photo by Shafiqul Alam

Imports witness 16pc growth in July

A whopping 274 per cent rise in fuel oil import enhanced country's overall imports growth by nearly 16 per cent or US$ 640.40 million in July, officials said.The settlement of letters of credit (LCs), generally known as actual import, in terms of value, rose to $4.69 billion in July, the...

PC places EVM project before ECNEC today

The much-talked-about Electronic Voting Machine (EVM) project is likely to be placed before the ECNEC, scheduled to hold its regular weekly meeting today (Tuesday), for approval.The Planning Commission (PC) officials said on Monday that they may place the Tk 38.29-billion project before the Executive Committee of National Economic Council (ECNEC)...

Review suggests quota abolition for classes 1,2 govt jobs

The body, formed by the government to review the existing quota system in public service, has recommended abolishing the quota system from 9th to 13th grades (classes 1 and 2) of government jobs, reports UNB."We submitted our report to Prime Minister Sheikh Hasina today (Monday). Our proposal is that there...

News Watch (18-9-2018)

ACC summons 12 AB Bank high-ups The Anti-Corruption Commission (ACC) on Monday summoned 12 members of the Board of Directors, including former chairman Wahidul Haque, of AB Bank for interrogation over the alleged embezzlement of around Tk 3.84 billion. A notice asked them to appear before the ACC on October...