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

India pledges to ease curb on BD investors

In a major development, India has agreed to omit the provisions of its investment and consular policies that discriminate Bangladeshis.Foreign minister Dr AK Abdul Momen disclosed this while talking with reporters on the outcome of the 6th Joint Consultative Commission (JCC) meeting held on Tuesday.The Indian side reiterated its commitment...

BD mulls delay in LDC graduation

Prime minister's private industry and investment adviser Salman Fazlur Rahman on Tuesday hinted that Bangladesh is considering 'postponement' of its LDC (least-developed country) graduation slated for 2024."I'm not in favour of delaying the graduation. …within the WTO rules, I'm sure, commerce ministry is studying some mechanisms of postponement," he said.Mr...

Import orders drop by 20pc in Aug

Bangladesh's import orders dropped by nearly 20 per cent or US$713.01 million in August last due to lower demand particularly for apparel and clothing because of the ongoing Covid-19 pandemic. Opening of letters of credit (LCs), generally known as import orders, came down to $2.88 billion in August from $3.59...

26 die, 1,488 test positive in 24 hours

The entire caseload of coronavirus infections reached 3,62,043 in the country with 1,488 more people infected afresh in the last 24 hours, ending on Tuesday noon.According to the Directorate General of Health Services (DGHS), the latest single-day infections came from a total of 12,869 samples tested during the period, and...

JMI chairman Razzak held over N-95 masks

The Anti-Corruption Commission (ACC) has arrested Md Abdur Razzak, chairman of JMI Hospital Requisite Manufacturing Ltd, over allegations of corruption in supplying N-95 masks to some government hospitals, reports UNB.Confirming that matter, ACC Public Relations Officer Pranab Kumar Bhattacharya said on Tuesday that a team of ACC arrested him from...

Businesses allege harassment by customs intelligence

Intelligence officials are accused of delaying the release of imported goods from the customs houses, causing harassment to businesspeople.Businesses said the release of goods now takes almost a month from the custom houses due to interference of customs intelligence people who are not allowing importers to start import activities even...