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

BIDA seeks to deliver high-value services after WAIPA directorship

The Bangladesh Investment Development Authority (BIDA) looks to deliver high-value services as it has recently assumed the regional directorship of WAIPA, a UN-affiliated global platform to promote investment.The new role of the country's apex investment-promotion agency or IPA is also expected to help Bangladesh attract more foreign direct investment (FDI)...

Taijul Islam celebrates

Taijul Islam celebrates after the dismissal of South Africa's Ryan Rickelton during the first day of the second Test at St George's Park in Gqeberha on Friday. South Africa were on 278/5 at stumps. Taijul claimed three wickets for 77. — AFP

39 killed in train station strike as civilians flee east Ukraine

KRAMATORSK, Ukraine, April 8 (AFP): A rocket attack on a train station in the eastern Ukrainian city of Kramatorsk killed dozens on Friday as civilians raced to leave the Donbas region in the crosshairs of the Russian army.Thirty-nine people were killed, including four children, Ukraine's SBU security service said, in...

EPB's no to CoO by associations

The Export Promotion Bureau (EPB) is not in favour of granting the authority of issuing certificate of origin (CoO) of products to many associations.The EPB's opinion came after the Bangladesh Plastic Goods Manufacturers and Exporters Association (BPGMEA) sought the authority of issuing non-preference CoO to plastic goods exporters."Granting the CoO-issuance...

Zakat funds hold potential on microfinance, poverty fronts

Despite being the second-largest Muslim country, Bangladesh performs poorly in zakat (Islamic almsgiving) collection and distribution, and it is still unsystematic.But this obligatory charity, that a well-off religionist has to make annually, can potentially lead to poverty alleviation and promote microfinance here, sources said.Md Nurul Islam, who is in his...

Subsidised essentials for 10m families cost Tk 6.53b

Supplying subsidised essentials to 10 million families as Ramadan ex-gratia under a government recipe would cost the exchequer over Tk 6.53 billion, officials say, apart from the ongoing market- intervention spending.The cut-price selling of soybean oil -- which showed unusual price spirals to the ire of many -- will require...

Traditional iftar delicacies

Traders busy selling iftar items at Chawkbazar, known for traditional iftar delicacies, in old Dhaka on Friday, a weekly holiday — FE photo by KAZ Sumon

Sri Lanka hikes rates as protests spiral

COLOMBO, April 8 (AFP): Cash-strapped Sri Lanka's central bank hiked interest rates by a record 700 basis points Friday as police fired tear gas at hundreds of students protesting about the economic crisis.Severe shortages of food, fuel and electricity have led to widespread anti-government demonstrations with calls for President Gotabaya...

BD logs zero Covid death, 48 new cases in 24 hrs

Bangladesh has reported 48 more Covid-19 cases with no death in the last 24 hours till Friday morning, according to the Directorate General of Health Services (DGHS). With the latest infections, the entire caseload rose to 1,951,995 while death toll due to the respiratory disease caused by the virus remains...