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

Transaction dilemma

Country's banks are reluctant to establish direct transaction links with the Russian banks amid the fear of possible US sanction, officials said.The fear was expressed in a position paper prepared by the Bangladesh Bank (BB) on the proposed direct banking operations with Russia."Local banks fear that directly embracing the Russian...

Deal with ONGC gets second extension

The state-run Petrobangla has extended the tenure of contract with India's oil and gas exploration company -- ONGC Videsh Ltd -- by two more years until February 2023.The deal with the Indian firm was set to expire in February 2021 after an initial two-year extension.Earlier, the Petrobangla signed two production...

BR agrees on Kamalapur station link with MRT-6

Bangladesh Railway (BR) has finally accepted a proposal put forward by Dhaka Metro Rail Company to link its under-construction mass rapid transit line-6 (MRT-6) with Kamalapur station.The state-owned train developer earlier objected to the entrance of MRT-6 from the front side of the station as it has taken a strategic...

1,436 new cases, 15 fresh deaths

With 1,436 new cases, the tally of Covid-19 confirmed cases crossed 0.4-million mark in Bangladesh, according to the Directorate General of Health Services (DGHS).The overall number of infections reached 400,251 from 2,271,347 samples tested so far across the country.Bangladesh stepped back by two positions to 18th place in the global...

Irfan, his bodyguard jailed

A Rapid Action Battalion mobile court has sentenced Irfan Selim, son of MP Haji Selim, and his bodyguard Mohammed Jahid to a year in jail for the unlawful possession of walkie-talkies and liquor.The punishment was handed down after their arrests during a raid on Haji Selim's home in Old Dhaka's...

BD ranks 133rd in mobile net speed

Bangladesh has ranked 133rd for mobile internet speed and 98th in the index for fixed broadband speed in September, according to Ookla's Speedtest Global Index.In terms of cellular speed, it has moved two notches up when compared to the previous month, with an average download speed of 10.76 Mbps, said...

Garlic getting costlier

With garlic getting costlier, a woman on the bank of the Buriganga winnowing the abandoned spice item gleaned from the wholesale shops at Shyambazar in the city on Monday. She will sell it to earn her living — FE Photo by Shafiqul Alam