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

Imports handling witnesses 32pc decline in last six years

The handling of imported goods by private Inland Container Depots (ICDs) fell sharply, nearly 32 per cent, in the last six years, jeopardising returns on investment in these establishments.Each of the ICDs had to invest not less than Tk 3.0 billion starting from acquiring land to installation of goods handling...

BB allows industrial importers to arrange loans from overseas sources without LCs

The central bank has relaxed its rules allowing importers to arrange loans from overseas sources for industrial imports through purchases/sales contracts without letter of credits (LCs), officials said.Importers may also enjoy a maximum 60 days credit facility against commercial imports without LCs, according to a notification, issued by the Bangladesh...

Rice, fish costlier further last week

Prices of some rice varieties, vegetables and fish have registered a rise further in the last one week, much to the misery of low-income families.Coarse, medium and finer rice varieties showed a price hike of Tk 4.0-6.0 per kilogram last week.Coarse rice retailed at Tk 55-56, medium BRRI-28 at Tk...

HC forms body to probe allotments

The High Court has constituted a committee to investigate allegations of irregularities in the allocation of plots at Purbachal New Town in the name of ousted prime minister Sheikh Hasina and her family members.Justice Miftah Uddin Chowdhury, a retired HC judge, will lead the three-member committee. Two others on the...

Six months given to withdraw old vehicles from city streets

The government has set a six-month timeline to withdraw over 10,000 old vehicles from streets by replacing them with new vehicles and explore the scope of introducing electric vehicles for reducing air pollution in the city.The authorities were directed to withdraw 20-25 years old and other vehicles running without fitness...

4 more die of dengue

Four more deaths due to dengue were reported in the 24 hours leading up to Thursday morning, raising the total fatalities from the mosquito-borne disease in Bangladesh to 268 this year.Among the recent fatalities, two occurred in the Dhaka North City Corporation (DNCC), and one each in the Dhaka South...

Govt approves fertiliser, LNG, import proposals

The Advisors' Council Committee on Government Purchase (ACCGP) has approved several key proposals for the import of liquefied natural gas (LNG) and fertiliser to meet domestic demands.In a meeting held on Thursday, chaired virtually by Finance Adviser Dr. Salehuddin Ahmed, who is currently on a visit to the USA, the...

Gathering before OMS (open market sale) trucks

Gathering before OMS (open market sale) trucks rises following sky-rocketing trends in the prices of essential commodities for weeks. The snap shows people trying desperately at Laxmibazar in Dhaka city to buy rice and flour at subsidised rates. — FE Photo by Shafiqul Alam

'Dakat Firoz' of JL arrested over shooting in Chattogram

CHATTOGRAM, Oct 24: Jubo League (JL) Leader Firoz, also known as 'Dakat Firoz', was arrested on Thursday by a team of Rapid Action Battalion (RAB) in a case filed over leading to the death of 16-year-old grocery shop worker, Saimon, during the July-August Anti Discrimination Mass Movement in Chattogram.He was...

Families demand justice of extra judicial killing

Family members of the victims who were killed in the police custody during the Awami League (AL) regime, have demanded justice against those extra judicial killings, reports BSS.They formed a human chain in front of Jatiya Press Club (JPC) here this morning at the initiative of 'Voice of Victims Family'...