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

BB prods banks to raise exposure to share mkt

The central bank has asked some 20 banks to boost their investments in stocks to help revamp the country's ailing capital market.The banks have the scope for investing more in listed securities in line with the existing rules and regulations, officials said. "The banks' exposure to the share market is...

HC questions legality of BB circular

The High Court (HC) on Tuesday issued a rule questioning the legality of a Bangladesh Bank (BB) circular, which offered special privileges for loan defaulters.The court asked the BB and the Finance Ministry to explain within 10 days as to why the circular should not be declared illegal.The next hearing...

Johnson next UK PM

LONDON, July 23 (Reuters): Boris Johnson, the ebullient Brexiteer who has promised to lead Britain out of the European Union with or without a deal by Halloween, will replace Theresa May as prime minister after winning the leadership of the Conservative Party on Tuesday.His victory catapults the United Kingdom towards...

Record 5,637 cases in July

The dengue situation continued to worsen with 5,637 cases, the highest ever in a month, recorded until Monday in July across the country.As many as 475 new patients were admitted to various hospitals in the last 24 hours until 9:00 am on Tuesday.However, the number of deaths has been put...

Floodwater may inundate fresh areas in north, east

Though water level at most of the rivers continued to recede on Tuesday, more areas in the northern and eastern regions might be flooded within next two days due to onrush of water from upstream amid heavy rain.So far, a total of 94 people were killed in flooding in 25...

Ghorasal Urea Fertiliser Factory shuts, finally

The authorities concerned have permanently shut one of the country's biggest urea fertiliser plants at Ghorasal in Narsingdi district putting an end to the production at five-decade-old factory, officials said.The decision came after the Bangladesh Chemical Industries Corporation (BCIC) found that production at the unit 'is not viable environmentally and...

Crop insurance under PPP likely from this FY

Crop insurance in haor (wetland) area might begin this fiscal year (FY), 2019-20, under a public-private partnership mechanism, said people familiar with this development on Tuesday.In June, the national budget speech in parliament touched on the matter considering crop losses by farmers due to floods and other natural disasters."We've decided...

News Watch (24-07-2019)

2,000 level-crossings unauthorised, says railways minister Railways Minister Md Nurul Islam Sujan said on Tuesday about 2,000 level crossings out of 3,200 across the country are unauthorised. "Permission is needed from the Railways to construct roads over rail lines. But many roads are built without approval," he said at a...