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

Body formed to find silver lining of leather sector

The government has formed a high-level taskforce to identify the problems and the way forward for the development of the country's leather sector, officials said.The 29-member committee incorporated all parties, including ministries of industries, commerce, environment, forest and climate change, fisheries and livestock, labour, the National Board of Revenue, Export...

BD to seek better terms for Chinese financing

Bangladesh will seek relaxation of the terms and conditions of Chinese financing and a revision of the list of China-funded projects at the first meeting of the 'Bangladesh-China Working Group on Investment Cooperation'.China and Bangladesh have recently formed this working group in a bid to promote socio-economic development of both...

Consultancy fees go up by 46pc

The fee for supervision consultancy work on bus rapid transit line project has increased by 46 per cent due to delay in completing the construction work on dedicated bus corridor from Gazipur to Hazrat Shahjalal International Airport.The cabinet committee on government purchase has already approved a hefty fee of Tk...

BB sounds tough as July-Aug farm credit drops

Farm credit disbursement dropped by nearly 6.0 per cent in the first two months of the current fiscal year (FY) in the wake of flood as well as seasonal effect. Disbursement of agriculture loans came down to Tk 19.70 billion (1,970 crore) in the July-August period of FY '20 from...

Durga Puja ends with immersion of idols

Tens of thousands of Hindus in colourful attires took to the streets beating drums and chanting mantras as five days of celebration ended on Tuesday with immersion of Devi Durga in rivers and water bodies across the country, reports BSS.The Bijoya Dashami (Tenth Day) of the arrival of Goddess Durga...

Frozen meat import hurting local trade

A gradual rise in the import of frozen or processed buffalo meat is giving serious cause for concern in the local cattle industry.Dairy industry insiders claim imported frozen buffalo meat is hurting local businesses and also threatening public health.The meat is being sold at restaurants as beef, simply deceiving consumers,...

Samrat hospitalised

Expelled Jubo League Dhaka South unit President Ismail Hossain Samrat was admitted to the National Institute of Cardiovascular Diseases in the city on Tuesday, reports UNB.Sources at the hospital said Samrat is now undergoing treatment at the Coronary Care Unit (CCU) of the hospital.A three-member medical board, headed by director...

Three win Nobel Prize in Physics

STOCKHOLM, Oct 08 (AFP): Canadian-American cosmologist James Peebles and Swiss astronomers Michel Mayor and Didier Queloz on Tuesday won the Nobel Physics Prize for research that increases the understanding of our place in the universe.Peebles won one-half of the prize "for theoretical discoveries that have contributed to our understanding of...

US blacklists 28 Chinese organisations

The US has blacklisted 28 Chinese organisations for their alleged involvement in abuses against ethnic Uighurs in China's Xinjiang province, reports BBC.The organisations are now on the so-called Entity List, which bars them from buying products from US companies without approval from Washington.The 28 targets include both government agencies and...

Two DU students sent to cops for possessing arms

The Dhaka University (DU) authorities handed on Tuesday night two students to Shahbagh police after they recovered firearms and drugs from their possession at Haji Muhammad Mohsin Hall."They have been handed over to Shahbagh police at 8:30 pm and the process is on to sue them," Mohsin Hall Provost Dr...

EU tells Johnson to stop playing 'stupid' Brexit blame game

The European Union accused Britain of playing a "stupid blame game" over Brexit on Tuesday after a Downing Street source said a deal was essentially impossible because German Chancellor Angela Merkel had made unacceptable demands, reports Reuters.With just 23 days before the United Kingdom is due to leave the bloc,...