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

Tourism takes yet another hit from Rohingya influx

The influx of Rohingya refugees from Myanmar that started in August 2017 spelt disaster for the country's tourism industry.Major tour operators in recent times have been facing various Rohingya related questions, especially on security issues and impact on tourism sector of Bangladesh, while participating in international travel marts or press...

Central bank’s combat plan takes shape by August

Bangladesh Bank (BB) expects to unveil a three-year national strategy by August next aiming to take necessary actions against financial crimes, officials said. A draft roadmap for formulating 'national strategy for preventing money laundering and combating financing of terrorism 2018-2020' has already been accepted by the committee concerned.Under the roadmap,...

Out-of-court settlement over BB reserve heist likely

Bangladesh would consider an out-of-court settlement with a bank in the Philippines over US$81 million (S$107 million) cyber heist money, Bangladesh central bank officials said on Thursday, reports Reuters.The money was stolen from its accounts in New York by hackers who wired the money to Manila.In one of the world's...

OIC to play vital role in resolving Rohingya crisis

COX'S BAZAR, May 4 (UNB): Ambassador Hesham Youssef, Assistant Secretary General for Cultural, Family and Humanitarian Affairs of the Organization of Islamic Cooperation (OIC), said on Friday the OIC will play a strong role in resolving the Rohingya crisis.Youssef, who is leading an OIC delegation here, came up with the...

Emergency over volcano eruption in Hawaii

Kilauea volcano has erupted near a residential area on Hawaii's largest island, prompting a local state of emergency and the mandatory evacuation of 1,700 residents, report agencies.Streams of lava have been seen running through woods and bubbling on to roads.Extreme levels of dangerous sulphur dioxide gas have been detected in...

Businesses discuss key mkt issues of Ramadan

The country's businesses have urged the government to strengthen market monitoring during the holy month of Ramadan with a view to keeping the prices of essentials stable and protecting the consumers' interests. They also suggested the government increase the number of monitoring teams aiming to intensify drives in kitchen markets...

Death toll from India storms rises to 127

UTTAR PRADESH, May 4 (Agencies): More than 127 people were killed after fierce dust storms lashed many parts of India on the intervening nights of Wednesday and Thursday.The winds were so violent that has left a trail of destruction, with houses flattened, trees uprooted and electricity poles in disarray.The highest...

Annan tells Facebook to act faster on hate speech

SAN FRANCISCO, May 4 (Reuters): Former UN chief Kofi Annan told Facebook Inc on Thursday that it should consider establishing a special team to respond more quickly to threats of sectarian violence in countries such as Myanmar that are at high risk.Facebook, the world's largest social network, is under pressure...

Ramshackle vehicles running on a road in the capital's Gulistan area

Ramshackle vehicles running on a road in the capital's Gulistan area on Friday emitting poisonous smoke due to lack of proper monitoring — FE Photo by KAZ Sumon

Political stability BD's big challenge: ADB

MANILA (Philippines), May 4 (UNB): The Asian Development Bank (ADB) has said it remains very optimistic about Bangladesh's continuous growth but how the country will maintain the current political stability remains a big challenge."It's a big challenge for Bangladesh how it will maintain political stability. Political stability is very important,"...

Time spent with online media to overtake TV globally in 2018

The online media time, for the first time, will overtake time spent on television globally in 2018, predicted a report from WPP's media arm GroupM. Titled the 'State of Digital', the report said that consumers will spend an average 9.73 hours with media this year, up from 9.68 hours in...