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

PM inaugurates new BGMEA complex

Prime Minister Sheikh Hasina inaugurated on Wednesday the Bangladesh Garment Manufacturers and Exporters Association (BGMEA) complex at Uttara.She opened the newly constructed building through videoconferencing from her official Gonobhaban residence in the capital.The PM exhorted the apparel makers to explore new markets and diversify their products mainly to expand business...

Payra 1,320-MW power plant project hits snag

Implementation of the Payra 1,320-megawatt (MW) thermal power plant project in Patuakhali is being delayed, allegedly due to lack of coordination among the stakeholders involved.Only 70 per cent activities of the power plant worth US$ 1.98 billion has been completed, although the initial target to start electricity generation from a...

Underwriting guidelines need overhaul to benefit life insurers

Life firms' underwriting guidelines need to be reformed due to the country's rapidly growing life expectancy, according to a study. The paper presented at a seminar in the city last week said such reforms will help life insurers derive benefits from the expanding silver economy.Silver economy is the system of...

Lessons that are never learnt

It all began with the daft idea of commercialising residential areas. Banani literally went from being shaded greenery to monstrous obscenities of commercial buildings built almost leaning against each other. Buildings were built deviating from submitted plans with the inspection routine dealt with by greasing a few palms no doubt....

Telcos still to run 4G service fully

The country's mobile operators have yet to ensure 4G services in most places outside Dhaka, according to the Bangladesh Telecommu-nication Regulatory Commission (BTRC).Grameenphone, Robi and Banglalink-the top three companies-cannot ensure a minimum download speed of at least 7.0 Mbps outside the capital, it said.The test was conducted between January and...

Small fire at FE office causes panic

A small fire took place at The Financial Express (FE) office in the city on Wednesday, creating panic among journalists and employees, thus halting overall activities for nearly an hour.The fire occurred from an electric short-circuit at around 8:15pm and was brought under control by using fire extinguishers immediately.A firefighting...

Fire at city hospital

Salauddin Specialized Hospital Ltd in the city's Wari area caught fire on Wednesday night, reports UNB.Duty officer at the Fire Service and Civil Defence central control room Mahfuz Riven said the fire originated on the 10th floor of the hospital building around 10:25pm.However, hospital employees doused the blaze before firefighters...

BTRC asks GP to pay Tk 125b in dues

Bangladesh Telecommu-nication Regulatory Commission (BTRC) has sent a letter to the country's leading telecom operator Grameenphone (GP) to pay Tk 125.79 billion (12,579.95 crore) in dues, reports UNB.Of the total amount, GP owes Tk 84.94 billion to BTRC while Tk 40.85 billion to National Board of Revenue (NBR), said BTRC...

Storms, heatwave may sweep across the country in Apr

Midway through the Bangla month of Chaitra, storms swept through parts of the country, including the capital Dhaka, reports bdnews24.com. And the trend is likely to continue at the start of Boishakh, the Bangladesh Meteorological Department said.In the outlook for April, which falls between the end of Chaitra and the...

Jute mills workers

Jute mills workers demonstrating at Khalispur New Road crossing in Khulna on Wednesday — Focus Bangla