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

Intel blames cartel for rice price hike

An intelligence agency has identified a hoarding syndicate behind the rice price spiral and suggested taking stern actions against the hoarders, officials say.The agency said members of the auto rice mills owners' association hoarded a large volume of the paddy following the harvesting season. And they are now creating an...

Carrying empty buckets and pitchers

Carrying empty buckets and pitchers, local people take to the streets at Mirhajirbagh in the city on Monday demanding immediate steps to resolve the unbearable water crisis in the area — FE photo

Govt pours water on workers' views

The government is in a hurry to amend the labour rules without considering the recommendations of workers' representatives, union leaders alleged on Monday. They also alleged the tripartite committee under the labour and employment ministry formed to review the rules also did not formally invite the workers' representative from IndustriAll...

Covid caseload crosses 0.39m

With 1,637 new cases, the tally of Covid-19 confirmed cases crossed 0.39 million in the country, according to the Directorate General of Health Services (DGHS).Now, the overall number of infections reached 3,90,205 from 21,78,714 samples tested so far. Bangladesh stepped back by two positions to 17th in the global standing...

Wear masks to avoid 2nd surge: PM

In the wake of Covid-19 resurge in many European and American countries, Prime Minister Sheikh Hasina on Monday urged all to follow health guidelines and use face-masks in public places and gatherings, aiming to prevent the possible second wave of the pandemic in Bangladesh, reports UNB.The Prime Minister made the...

Govt seeks $1.5 billion donor money

Bangladesh has sought funds worth US$1.50 billion from the World Bank (WB), the Asian Development Bank (ADB) and Japan for procuring coronavirus vaccines, officials said on Monday.Earlier, the government had estimated US$1.5 billion funds to be required for procuring the COVID-19 immunisation."We have sent a request letter to the ADB...

Santos-KrisEnergy JV set to quit block SS-11

Australian Santos and Singaporean KrisEnergy are all set to relinquish Bangladesh's shallow water block SS-11 with the existing contract for its exploration expiring in March 2021.Santos and KrisEnergy neither submitted any plan to carry out exploration nor proposed to extend the tenure of its production sharing contract (PSC) for the...