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

Don't cheat pilgrims in name of business: President

President Abdul Hamid warned on Tuesday against negligence, irregularities and corruption in Hajj management saying that individuals, agencies and institutions involved in such practices will be punished, reports UNB.He said this while delivering his speech during the inaugural ceremony of the Hajj programme-2019 at the Hajj Camp in city's Ashkona...

Tapping demographic dividend sans youth difficult: SANEM

Bangladesh might miss an opportunity to reap the benefits of its high demographic dividend as the youth gets little from fiscal budgets, revealed a report.According to the South Asian Network on Economic Modelling (SANEM) report, 22 ministries and divisions are working for the youth, but only 9.0 per cent has...

BIMSTEC free trade deal likely this year

A free trade agreement (FTA) among the BIMSTEC countries may be signed this year, a top official of the regional grouping said on Tuesday.The BIMSTEC, which stands for the Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation, was launched in 1997 with the objective of forging greater trade...

Heat stress to guzzle output equal to 3.83m jobs in BD

Bangladesh is projected to lose productivity equivalent to 3.83 million full-time jobs in the year 2030 due to rise in heat stress caused by global warming, according to a latest report.By 2030, the global productivity loss will be equivalent to 80 million full-time jobs, equivalent to economic loss of US$...

Rifat murder prime accused Nayon Bond killed in 'gunfight'

BARGUNA, July 02 (UNB): Prime accused in the Rifat Sharif murder case Sabbir Ahmed alias Nayon Bond was killed in a reported gunfight with police in Sadar upazila early Tuesday Officer-in-charge of Sadar Police Station Abir Mohammad Hossain said a team of police conducted a drive in the Purakata Ferry...

14,000 jewellers, traders legalise 1.8m bhoris of gold

Some 14,000 jewellers and gold traders legalised around 1.8 million bhori of gold and gold ornaments by availing the month-long opportunity ended on June 30.A bhori is equivalent to 11.664 grams or 21,000 kilograms of the yellow precious metal.According to a provisional data, the National Board of Revenue (NBR) has...

CDA launches drive to free Ctg canals

CHATTOGRAM, July 02: The Chittagong Development Authority (CDA) launched a drive on Tuesday in association with the Bangladesh Army to evict all illegal structures built on the land of canals in Chattogram.A team of the CDA started the eviction drive at the Rajakhali canal in the vicinity of the Kolpolok...

Remittances hit record $16.42b in FY' 19

The flow of remittances grew by 9.65 per cent to a record US$16.42 billion in the just-concluded fiscal year (FY) as the exchange rate of local currency weakened against the US dollar.The figure jumped from $14.98 billion in FY 2017-18, according to the central bank's latest statistics.Strengthening supervision and monitoring...

Myanmar to send envoys to Rohingya camps in Bangladesh

UNITED NATIONS, July 1 (AFP): Myanmar is sending a high-level delegation soon to camps in Bangladesh to explain to hundreds of thousands of Rohingya Muslims how they can return home, Myanmar's UN ambassador said Monday.Some 740,000 Rohingya fled a crackdown by Myanmar's military in 2017 in Rakhine state and are...

Prayer Timings-(03-07-2019)

Today's Match (03-07-2019)

Increasing RMG imports from BD worry Indian textile firms

CHENNAI: Concerned about increasing imports from Bangladesh, garment makers from the industrial clusters of Coimbatore and Tirupur in Tamil Nadu have approached the central government, seeking its assistance in getting supply contracts from Indian retailers and brands, according to a report by economictimes.indiatimes.com. The Indian Texpreneurs Federation (ITF), an association...

Rooftops of all schools to generate solar power

The government plans to use the rooftops of all educational institutions to generate solar power for the grid, according to a report by www.pv-magazine.com.The nation has more than 150,000 primary schools, more than 25,000 secondary schools and hundreds of colleges and universities and officials said if they can be brought...