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

Budget pressure rises for debt buildup

Bangladesh's total foreign debts snowballed to some US$65 billion, as of February, enlarging the servicing liability to the external lenders, officials say, thus increasing strains on the national budget. In the foreign debts, general government's unpaid loan is $56.62 billion while the state-owned enterprises' (SoEs) outstanding loan was some $8.5...

A trader puts various types of dates

A trader puts various types of dates, now in high demand ahead of Ramadan, on display as buyers crowd around the roadside fruit shop in Baitul Mukarram Mosque area in the city on Friday — FE photo by KAZ Sumon

WB okays $250m for BD to sustain growth

The World Bank (WB) has approved US$ 250 million financing to help Bangladesh strengthen its fiscal policies to sustain growth following the Covid-19 pandemic as well as to enhance resilience to future shocks. In a press release issued on Friday, the WB said the Bangladesh Recovery and Resilience Development Policy...

APSEZ, BEZA sign deal on infrastructure

India-based Adani Ports and Special Economic Zone Limited or APSEZ will establish the required infrastructure for Indian Economic Zone in Bangladesh (IEZ).To this effect, a term sheet was signed between the Bangladesh Economic Zones Authority (BEZA) and APSEZ at a ceremony held in Mumbai, India, on Friday, says a statement.BEZA...

Bangladesh switching to RTA for larger regional trade

Bangladesh is switching to a new set of policy guidelines titled 'Regional Trade Agreement (RTA)' as the existing FTA regime is deemed obsolete for helping Bangladesh tackle post-graduation trade challenges.As part of the initiative, the government has already drafted the policy guidelines focused on larger regional trade on win-win soft-term...

BD passes another deathless day as Covid infects 81 more

Bangladesh saw another deathless day with recording some 81 new Covid-19 cases in the last 24 hours till Friday morning.Dhaka district, including the metropolitan city, alone accounted for 43 of the cases, according to a Directorate General of Health Services (DGHS) bulletin.A total of 7,413 samples were tested in 879...

Establishment gave 3 options: Imran

Prime Minister Imran Khan has said that Pakistan's strong 'establishment' gave him three options to end the ongoing political turmoil in the country; face no-trust vote in parliament, hold fresh elections or step down.This he revealed in an interview with a local TV channel on Friday, reports Express Tribune."I said...

Sanofi renamed Synovia after acquisition by Beximco

Beximco Pharmaceuticals has changed the name of its recently acquired subsidiary Sanofi Bangladesh to Synovia Pharma Plc, reports bdnews24.com.Sanofi Bangladesh was part of the global biopharmaceutical company Sanofi SA before the acquisition of a majority stake, 54.6 percent, in the company by Beximco Pharma on Oct 1, 2021.The change of...

Medical college admission seekers streaming out

Medical college admission seekers streaming out of an examination centre at Dhaka University after their admission test on Friday — FE photo

Ramadan in Saudi Arabia begins today

MAKKAH, (Saudi Arabia) (SPA): The crescent moon, which marks the beginning of the holy month of Ramadan, has been sighted in Saudi Arabia, authorities have announced.Therefore, April 1 was the last day of the month of Shaaban, and the holy month will begin today (Saturday).

Lankan security forces deployed after night of violence

COLOMBO, April 1 (AFP) : Security forces were deployed across the Sri Lankan capital on Friday after protesters tried to storm the president's home in anger at the nation's worst economic crisis since independence.The South Asian nation of 22 million people is facing widespread shortages of essential goods and sharp...