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

Cyclone Fani damages crops on 36,414 hectares in 21 dists

Crops on 36,414 hectares of land have been damaged in 21 districts across the country due to heavy rain, wind and tidal wave caused by the cyclonic storm Fani, official data showed.The storm Fani hit India and Bangladesh between Friday and Saturday last.According to the data, crops on 5,500-7,200 hectares...

Footwear makers must ensure full compliance

Leather, leather goods and footwear sector must ensure full compliance as per global standards if it wants to thrive and boost export, said a top industry leader.Syed Manzur Elahi, also a former adviser to a caretaker government, said local industry is threatened as demand and prices of leather products have...

BB revises interest rate policy on short term foreign currency loans

The central bank has revised interest rate policy on short-term foreign currency loans linked with global bench mark rate, officials said.Under the revised policy, the banker are allowed to fix the interest rates on buyers'/suppliers' credit at six-month LIBOR (London Inter-bank Offered Rate) plus maximum 3.50 per cent instead of...

RMG hourly productivity still lower in BD

Garment labour productivity per hour is still lower in Bangladesh than its rivals except Cambodia in average output, according to the latest data.Bangladesh, being the second-largest garment exporter, is also the second lowest in terms of productivity which, according to the data, is valued at $3.4.On the other hand, the...

BD needs to fight corruption, says new Dutch envoy

The new Netherlands ambassador in Dhaka, Harry Verweij, said Bangladesh has done a lot to attract investment but it needs more efforts to address issues like corruption and transparency.Terming Bangladesh a country of opportunity, he said business environment needs to be improved further for long-term investment by foreign companies.Mr Verweij...

Fifth phase of Lok Sabha polls today

Elaborate arrangements have been made for peaceful conduct of fifth phase of Indian Lok Sabha elections today, report agencies. Congress President Rahul Gandhi and his mother Sonia Gandhi will contest today from Amethi and Rae Bareli parliamentary constituencies of Uttar Pradesh.Other key contestants are senior BJP leader and Union Home...

Moon sighting body meets today (2019-05-06)

A meeting of the National Moon Sighting Committee will be held today (Monday) to review the information on the appearance of the new moon of the holy month of Ramadan, reports BSS.The meeting will be held at Islamic Foundation (IF) at Baitul Mukarram National Mosque at 7.00 pm with state...