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

Ensure swift justice for people: PM to judges, lawyers

Prime Minister Sheikh Hasina on Wednesday urged judges and lawyers to ensure people's right to quick and hassle-free justice, reports UNB. "Getting justice quickly, less expensively and hassle-free is the right of the people. This can boost people's confidence and trust.Although we have our confidence and trust in the judiciary,...

MFS deals rise 26pc in Q3 to Tk 1,535.24b

Transactions through mobile financial services (MFS) grew by over 26 per cent in the third quarter (Q3) of 2020, as general people, businessmen and the government agencies preferred to use digital services more amid the nationwide Covid-19 pandemic. Total MFS transaction volume rose to Tk 1,535.24 billion during the July-September...

Form separate policy for performing SME cluster

Speakers at an online discussion on Wednesday suggested forming a separate set of policy guidelines for performing SME (small and medium enterprises) cluster to develop small businesses in shared and coordinated manner.They said the banks are now engaged with SMEs discretely, and despite making disbursement of SME loans mandatory for...

Strategise for newly vulnerable groups

Policymakers should focus more on newly-vulnerable population alongside the pre-existing marginalised groups while framing strategies for the pandemic recovery, experts have said.They also said many people, who were pushed to the edge owing to COVID-19, require effective policy support in the areas of education and skills, employment, basic health and...

S Korea gives $0.3m in food assistance for Rohingya camps

South Korean Ambassador in Dhaka Lee Jang-keun has announced a new contribution of US $0.3 million ($300,000) to WFP Bangladesh to support its operations that provide food assistance to 860,000 people in the Rohingya camps.The WFP assists 100 per cent of the Rohingya population across 34 formally established camps where...

Scrap 'dual registration' system, control import of substandard vehicles

Reconditioned vehicle traders urged the Bangladesh Road Transport Authority (BRTA) on Wednesday to withdraw the existing 'dual registration' system, which requires an importer and a buyer to register the same car twice.Leaders of the Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) also requested the BRTA to control import of...

Covid-19 death toll crosses 6,000-mark

Total fatalities from coronavirus infection (Covid-19) crossed 6,000-mark in Bangladesh with the government reporting 21 deaths on Wednesday.With the latest figure, the total death toll from Covid reached 6,004 on the day, since the virus was detected in the country in March.According to the Directorate General of Health Services (DGHS),...

Ties with US won't be affected after election: Momen

Bangladesh will continue to focus on trade and investment in its negotiations with the new US administration after the elections.Foreign Minister Dr AK Abdul Momen said this while sharing Bangladesh's position on the outcome of the US presidential election.Asked whether things would be changed if President Donald Trump gets re-elected,...

Govt clears proposals to import crude oil, fertilizer

The Cabinet Committee on Public Purchase on Wednesday approved eight proposals, including the import of 1.3 million tonnes of crude oil and 105,000 tonnes of fertilizer from foreign sources, reports UNB.Chaired by Finance Minister AHM Mustafa Kamal, the virtual meeting was attended by its members, mostly senior ministers.According to a...

Two-thirds of Europe's population now under lockdown

The global tally for confirmed cases of the coronavirus crossed 48 million Wednesday, according to Worldometers tally, while the death toll rose above 1.22 million, report agencies. The US has the highest case tally in the world at 9.4 million and highest death toll at 232,634, or about a fifth...

Queue of people waiting to get tested

With Covid-19 caseload on the rise, the queue of people waiting to get tested at Mugda General Hospital in the city also got longer again. The photo was taken on Wednesday — FE photo by KAZ Sumon

Unable to afford

Unable to afford the price hike of essentials, limited-income people wait in a long queue to buy various items at subsidised rates from a TCB-operated truck near the National Press Club in the city on Wednesday — FE photo