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

Govt's 'lethargic' approach doubles consultancy cost

The 'lethargic' approach by the government in building the country's second crude oil refinery has more than doubled the consultancy cost to around Tk 2.56 billion, it has been alleged.The government approved recently the extension of contracts with India's oil consultant Engineers India Limited, or EIL, by four more years...

Bangamata's rejection of Bangabandhu's release on parole changed political history: PM

Mentioning that her mother Bangamata Sheikh Fazilatunnesa Mujib could have taken a right decision in any critical juncture of the nation, Prime Minister Sheikh Hasina said on Saturday her (Bangamata's) decision to reject Bangabandhu's release on parole changed the course of the country's political history, reports BSS."The most desirable thing...

Banks fully capable of executing stimulus packages

The banking sector is fully capable of implementing the government-declared financial stimulus packages despite its own pre-Covid-19 challenges, a top leader of the banking community has said."Banking sector is aligned and involved from the beginning of the government's effort to restart the economy from COVID-19 fallout," Ali Reza Iftekhar, chairman...

4IR can help rebuild economy: Experts

FE ReportExperts at a virtual conference on Saturday said the ongoing pandemic has reminded of the utmost importance of adopting the fourth industrial revolution (4IR) to help rebuild the country's economy in the post-Covid-19 situation.According to them, the components of the 4IR like artificial intelligence and automation can bring in...

Ship cited in Beirut blast hasn't sailed in seven yrs

On Nov 21, 2013, at 11:27 am, a leaky ship arrived in Beirut's port. It never left, and its volatile cargo would lead to tragedy in the city almost seven years later. The Rhosus was loaded with 2,750 tonnes of ammonium nitrate, which is believed to have blown up most...

Global cases top 19.2m with 719,830 fatalities

With the coronavirus pandemic entering its ninth month, the global number of cases stood at 19,295,350 on Saturday, with the death toll at 719,830, report agencies. The United States has reported the highest number of cases, with the country's case-load nearly touching five million (4,940,939). The US is followed by...

India plane crash toll hits 18

The flight data recorder and cockpit voice recorder have been recovered from the site of an Indian passenger aircraft crash in a southern state, a top official at the Directorate General of Civil Aviation told Reuters on Saturday.Both "black boxes" were found, the official said.The Air India Express plane, which...

As flooding lingers in many parts of the country, boats have now become the only

As flooding lingers in many parts of the country, boats have now become the only mode of transport for marooned people. The photo was taken in Hafizia Para of Keraniganj on Saturday — FE photo

BD seeks $2.5b as budget support, project aid from WB for FY'21

Bangladesh has sought a fund of US$ 2.5 billion from the World Bank (WB) to finance 15 different projects and programmes in the current fiscal year (FY 2020-21), officials said on Saturday."We have sought the fund as Bangladesh needs huge investment to reconstruct its infrastructure and economy," an official at...

Seven die as bus rams into autorickshaw in Mymensingh

Seven people have died after a bus ploughed into a CNG-run autorickshaw in Mymensingh's Muktagachha Upazila, reports bdnews24.com.The accident took place in the Upazila's Mankon area around 4:15pm on Saturday, according to Mymensingh Sadar Circle's Additional Superintendent of Police Al Amin.A Jamalpur-bound Rajib Paribahan bus from Dhaka rammed into the...

Beijing's HK office slams US sanctions on senior officials

Beijing's top representative office in Hong Kong said on Saturday that sanctions imposed by Washington on senior Hong Kong and Chinese officials were "clowning actions" that would not frighten or intimidate Chinese people, reports Reuters.The Hong Kong government said the sanctions were "shameless and despicable" and represented "blatant and barbaric"...