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

A project set to be declared 'completed' with no work done

The railway is going to declare a misspent project 'completed' without any work as it failed to get any bidder from three rounds of tender in several years, officials said.A recent meeting of the project steering committee of Bangladesh Railway, chaired by railways secretary Dr Humayun Kabir, made the decision,...

BB plans to up dollar exchange rate

Buying US dollar from the Bangladesh Bank (BB) is set to be costlier, as the central bank is planning to raise its exchange rate further to cross Tk 100 each by the end of this calendar year, sources said.The BB's move comes in line with the suggestions from the International...

Interest equilibrium implies uncertain economic outlook

Bangladesh's treasury yield curve has now flattened further due, many believe, to hikes in policy rates and other regulatory moves tightening the monetary stances to fight stubbornly high inflation.The shape of yield curve, also called a 'snapshot' of an economy, helps investors get a sense of the likely future course...

India urges full-scale use of Chattogram, Mongla ports

India has requested Bangladesh to take steps for starting full-scale use of Bangladesh's Chattogram and Mongla seaports as early as possible for regular transhipment operation as the neighbouring country has already completed necessary trial runs.Recently, Indian High Commission, Dhaka sent a note verbale to the Ministry of Foreign Affairs to...

Rice prices making records as millers make hay

Vibrant paddy market starts impacting Dhaka's rice retails during this peak Aman- harvesting season as coarse-variety price hit as high as Tk 56 a kilogram, in tandem with general price rises. Latest findings from city groceries and kitchen markets in the past week showed such unlike price upturn, as intermediaries...

Not true poor unable to buy fish and meat, says Mannan

Planning Minister M A Mannan differed with a study that said meat and fish had gone beyond the purchasing power of the common people."..where do such huge supplies of meat and fishes in the markets go if the people do not buy them", Mr Mannan questioned.So, it is not true...

A farmer nurtures leafy plants

A farmer nurtures leafy plants in his field at Hemayetpur in Savar, on the outskirts of Dhaka. As winter is approaching, seasonal vegetable growers hope to supply their produce to the market early to get better prices. The photo was taken recently — FE photo