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

Dhaka, Delhi discuss expediting Indian LoC projects execution

India and Bangladesh have agreed to expedite the execution of development projects supported by the Indian Line of Credit (LoCs) as some schemes are struggling for the implementation delay, officials said on Wednesday.The neighbouring countries reviewed the projects under the ongoing Indian US$862 million LoC-I, $2.5 billion LoC-II, and $4.5...

Death toll from Gazipur mill fire climbs to 6

GAZIPUR, July 3 (UNB): Five more bodies were pulled out of the wreckage of a spinning mill in Sreepur upazila's Faridpur on Wednesday, taking the death toll to six. Two of the deceased were identified as Shahjalal Mia and Anwar.Mohammad Aktaruzzaman, deputy director of Gazipur Fire Service Control room, said...

Dhaka-Washington trade in last yr stands at $8.2b

US Ambassador to Bangladesh Earl R Miller on Wednesday said Bangladesh is one of the United States' most valued partners and one of the world's great development success stories, reports UNB."I'm proud of what our two countries are achieving together," he said adding that two-way trade between Bangladesh and the...

Hallmark loan an outright fraud

The Hallmark loan-the largest-ever single-borrower loan scam in the country-is an "outright fraud", it is not just a loan, Dr Atiur Rahman said on Wednesday."Some of the non-performing loans do not deserve to be treated as non-performing loans, those are outright fraud," the former central bank governor added.He was speaking...

The new citizens

They came in their droves, men, women and children driven out of the country they called home and where they had no rights. The Rohingya brought all that they could with them literally on their backs seeking refuge from a genocide perpetrated by the Myanmar Army. Their stay was to...

JSC, SSC exam schedules finalised

This year's Junior School Certificate or JSC examinations will start on Nov 2 and Secondary School Certificate or SSC and equivalent tests on Feb 1 next year, reports bdnews24.com.The schedule was finalised Wednesday, according to the secondary and higher education division under the education ministry. Junior Dakhil Certificate or JDC...

No rickshaw movement on three city roads from July 7

The movement of rickshaws on three major roads in the capital will be restricted from July 7, report agencies.The three roads are Kuril to Saydabad via Rampura, Gabtoli to Azimpur via Asadgate and Science Laboratory intersection to Shahbagh.The decision was taken at a meeting of the special committee formed to...

‘Silence' hackers hit banks in BD, India, Lanka, Kyrgyzstan

A group of hackers specialized in attacking banks has hit again, and this time they've breached four targets in Asia, respectively in Bangladesh, India, Sri Lanka and Kyrgyzstan, security researchers from Group-IB said, according to a report published on www.zdnet.com.The only incident that is currently public is one impacting Dutch...

50 families evicted as Ctg hillslide risk looms

CHATTOGRAM, July 03: The Chattogram district administration evicted 50 families from the hill in the adjoining area of the Department of Environment (DoE) office in the port city on Wednesday.The team evicted around 200 people from the houses.The eviction drive was conducted from 11:00 am to 2:00 pm. But the...

Kiwis slump to 136 for 6 against England

CHESTER-LE-STREET (United Kingdom), July 3 (AFP): England were closing in on a World Cup semi-final spot on Wednesday, running out star batsmen Kane Williamson and Ross Taylor to leave New Zealand in deep trouble in their final group game at Chester-le-Street.The latest score available at 10:10 pm showed New Zealand...

Rahul Gandhi quits as Congress president

NEW DELHI, July 03( BBC): Rahul Gandhi has resigned as leader of India's main opposition Congress party, ending weeks of speculation.In his resignation letter, which he tweeted on Thursday, he took responsibility for the party's defeat in the recent general election.He had already announced his intention to resign, but party...

Private sector credit growth rebounds

The private sector credit growth bounced back in May, following higher trade financing due to the holy month of Ramadan, after maintaining a falling trend in the previous seven consecutive months, officials said.The growth in private sector credit flow rose to 12.16 per cent in May 2019 on a year-on-year...

Persons convicted

Persons convicted of firing bullets at a train carrying Awami League President Sheikh Hasina at Ishwardi 25 years ago being taken onto a prison van in Pabna on Wednesday — Focus Bangla