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

Shippers bank on new routes to facilitate B'desh trade

Shipping companies that connect Bangladesh with the outer world now look Far East for their fortunes especially as China as an economic superpower spurs the fastest international trade growth. Explaining this paradigm shift in shipping business, sources concerned said this is comparatively a new route and will save both freights...

NGOs-MFIs disappoint govt move to expand microcredit

A regulatory move to expand microcredit operations through 37 poorer districts looks frustrated, primarily as newly licensed NGOs-MFIs couldn't deliver, sources said.The microcredit regulatory authority (MRA) took the initiative in 2011 in view of the fact that operations of large non-governmental organisations (NGOs) and micro-finance institutions (MFIs) are largely concentrated...

Food, fuel imports tip the balance

Overall import cost increased nearly 12 per cent or US$391.24 million in December with food and fuel buys from abroad weighing heavily, officials said.The settlement of letters of credit (LC), generally known as actual import, in terms of value, rose to $3.65 billion in December 2017 from $3.26 billion in...

IMF seeks to know about impact of new VAT law postponement

Due to delay in executing new VAT law for two years, the International Monetary Fund (IMF) has asked the government about its impacts on revenue collection over the budgetary target, officials said.The IMF's query came as the Article IV Mission of the multilateral donor agency is due in Dhaka late...

Hospital blaze kills 41 in South Korea

SEOUL, Jan 26 (AFP): A huge fire tore through a South Korean hospital Friday killing at least 41 people, reports said, in the country's worst blaze for over a decade.More than 80 others were hurt in the blaze, which comes just weeks before thousands of athletes and foreign visitors are...

News Watch (27-01-2018)

Dhaka urges UN to halt Israeli violenceBangladesh has urged the United Nations Security Council (UNSC) to prevail upon Israel to immediately halt its illegal settlements and violence in the occupied Palestinian territories. Masud Bin Momen, Bangladesh's Permanent Representative to the United Nations in New York, has also called on Israel...

Prayer Timings-(27-01-2018)

Obnoxious odour pervades the whole stretch from the water body

Obnoxious odour pervades the whole stretch from the water body behind a reputed hotel up to Basnasree in the city. Water buses are forced to carry passengers in the Hatirjheel lake despite the stench which also affects the health of those who live nearby. The photograph of the foamy dirty...

Muggers' car kills woman in city

Two incidents of mugging in the capital on Friday claimed two lives, including a woman who was run over by the car used by muggers while snatching her purse.In the other incident snatchers knifed a man to death.The victim of the purse snatching incident was Helena Begum, an employee of...