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

Q1 sees surplus BoP

The country's overall Balance of Payments (BoP) posted a surplus at over US$ 3.0 billion in the July-September period, according to the central bank of Bangladesh.Many economists believe the slow pace of imports and higher remittance and external fund inflows were the reasons for the surplus.The BoP was in deficit...

Europe 2nd wave worries BD

In the wake of the second wave of Covid pandemic in Europe, Bangladesh is going to take some precautionary measures, although the country has no plan so far to shut down flights with the European nations."The government is concerned, but we want to continue with the open up policy," Foreign...

Utilise dev funds better, avoid ‘debt trap’

Economists on Tuesday said the South Asian economies, including Bangladesh, should utilise their resources earmarked for development activities to the maximum possible extent.Doing so has become imperative as the dependency on multilateral external funds on the part of these economies seems has been on the rise, they observed. The countries...

Global H1 FDI drops 49pc

Inflows of global foreign direct investment (FDI) fell 49.0 per cent in the first half (H1) of the current year ‘due to the economic fallout from Covid-19’.The latest Global Investment Trends Monitor, released by the United Nations Conference on Trade and Development (UNCTAD) on Tuesday, revealed the statistics.The UN agency...

Ministry seeks steps to extend loan repayment period

The commerce ministry has sought necessary steps from the finance ministry to extend the existing loan repayment tenure to six years with one-year grace period.The country's apparel owners took out the loan from the government's stimulus package for payment of wages and allowances to their workers.As per the demand of...

Govt suspends Erfan Selim as DSCC councillor

The government has suspended MP Haji Mohammad Selim's son Erfan Selim as the councillor of Ward No. 30 under Dhaka South City Corporation after his jailing for the illegal possession of walkie-talkies and liquor, report agencies.The Local Government Division issued the suspension order on Tuesday after a mobile court of...

20 more die, 1335 positive

Twenty more people died from coronavirus on Tuesday with the government reporting 1,335 new Covid-19 cases during the past 24-hour reporting period.With the latest figures, the number of total fatalities from coronavirus disease has reached 5,838 since the case was first detected in Bangladesh last March.Of the latest deaths, 14...