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

SoCBs' default loans stack up to Tk 410b

The state-owned commercial banks or SoCBs had Tk 410.58 billion in combined bad debt in the last year, the bulk of which went to beneficiaries of Janata Bank, reports bdnews24.com.Finance Minister AHM Mustafa Kamal revealed the figure responding to a question from National Party's Mashiur Rahman in a parliament session...

Death toll from mosque blasts climbs to 24

The number of deaths from the mosque air-conditioner blasts in Narayanganj has increased to 24 as three more victims have succumbed to their injuries on Sunday, reports bdnews24.com.Another 13 people are battling for their lives at the Sheikh Hasina National Institute of Burn and Plastic Surgery in Dhaka after near-simultaneous...

No need to send UNO Wahida abroad right now: Minister

Health Minister Zahid Maleque on Sunday said there is no need to send Ghoraghat UNO Wahida Khanam abroad for better treatment at this moment but a decision in this regard will be taken later, if needed, reports UNB."Observing Wahida's condition it appears she doesn't need to be sent abroad right...

Unplanned air-conditioners, structures increase risks: PM

The construction of structures without an approved design and the unplanned installation of air-conditioners in mosques without adequate power supply capacity will only increase the risk of accidents, said Prime Minister Sheikh Hasina, report agencies."What happened in Narayanganj was very unfortunate. We formed a probe panel to find what led...

Fund transfer limit revised

The central bank has revised the upward limit of fund transfer through internet banking significantly to promote touchless transaction, amid pandemic.In a circular issued on Sunday, the institutional digital fund transfer a day will be raised up to Tk 1.0 million, or up by 400 per cent from the existing...

BSEC issues new decree on MFs' disclosure

The securities regulator has issued a new directive on financial reporting and disclosure of mutual funds (MFs) and asset managers to enhance transparency in disclosure for the interest of investors and capital market.The Bangladesh Securities and Exchange Commission (BSEC) issued the directive on Sunday.As per the directive, a MF, asset...

TIB demands judicial probe into attack on Ghoraghat UNO

Transparency Interna-tional Bangladesh (TIB) on Sunday protested the propaganda spread by a vested quarter terming the attack on the Ghoraghat UNO a mere burglary rather a planned attack.Calling for judicial investigation into the gruesome attack on the government official, the anti-graft watchdog also demanded exemplary punishment for those responsible for...

Ctg port to destroy 5.0MT hazardous chemicals

CHATTOGRAM, Sept 06: A total of five metric tonnes (MT) of date-expired hazardous chemicals which remained stored at P-Shade of the Chittagong Port for one decade will be destroyed to make the port risk-free.Besides, another stockpile of undelivered, abandoned goods at the port will be sold in auction which will...

A vehicle now can operate under several companies

The government has amended the ride sharing guideline, allowing any vehicle to get enlisted with more than one company.However, the vehicles will have to pay additional registration fee for being enlisted with each company, according to a provision incorporated into the Ride Sharing Service Guideline 2017, which is available in...

Schools to remain closed until situation improves

State Minister for Primary and Mass Education Zakir Hossain on Sunday said the schools of the country will not be reopened until the Covid-19 situation gets normal and the safety of children is ensured, reports UNB.He was speaking at a press conference at the Bangladesh Secretariat over preparations for celebrating...

India now second most affected country

India passed Brazil Sunday as the second most affected country by total infections, according to www.worldometers.info tally, report agencies. The country is now behind only the United States, which has 6.4 million cases and nearly 193,000 deaths.India is followed by Brazil with 4,123,000 cases and 70,626 deaths.The global total death...

A restaurant worker cooking food

A restaurant worker cooking food on Sunday, with gas cylinders kept out on the road, which poses risk of explosion any time — FE photo by KAZ Sumon

Onion gets pricier by 40-54pc in a week, 70-90pc in month

Onion market has strated to become volatile after about one year as prices of the key spice soared further within a couple of days which traders attributed to a surge in import cost and a low domestic production.Local varities of onion was sold at Tk 60-68 per kilogram (kg) on...