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

MoF asks specialised banks to stay within mandates

The Ministry of Finance (MoF) has instructed specialised banks to distribute loans according to their mandates after it was found that they were going beyond their authorised areas.Officials say the specialised banks were formed with the target to make loans available in some special sectors, especially small and medium ones.But...

DMTCL hands over Anwara Udyan to DNCC

Dhaka Mass Transit Company Limited (DMTCL) on Friday officially handed over the documents of Anwara Udyan, adjacent to the Farmgate Metro Rail Station, to Dhaka North City Corporation (DNCC).DMTCL Managing Director Faruk Ahmed handed the park's documents to DNCC Administrator Mohammad Ejaz at the site, Metro Rail official said, reports...

Price of .bd domain cut by 36pc

The price of Bangladesh's country code top-level domain .bd has been reduced by 36 per cent following a second round of review, Special Assistant to the Chief Adviser Faiz Ahmad Taiyeb announced on Friday.In a Facebook post, Faiz Ahmad Taiyeb said the decision was taken in response to applications and...

Titas regrets low gas pressure

Titas Gas Transmission and Distribution PLC today expressed regret for the temporary inconvenience caused to residents of Dhaka city due to severe gas pressure shortage in the gas pipeline, reports BSS."Although the damaged pipeline in Turag River was repaired, but water entered into the pipeline during repairing, which led to...

RMG exporters worry over possible order shift

Apparel exporters have raised concerns that the government's proposed 20 per cent safeguard duty on yarn imports, aimed at protecting local spinning mills, could push buyers to shift orders to other countries.According to industry sources, some buyers have already expressed worries as they have nominations to import yarn from Indian...

USTR agrees to consider Dhaka’s proposal of cut in tariff

National Security Adviser Dr Khalilur Rahman met with US Trade Representative Ambassador Jamieson Greer in Washington DC on Thursday afternoon.He also had a separate meeting with Assistant USTR Brendan Lynch, said the Chief Adviser's Press Wing in Dhaka on Friday, reports BSS.During the meeting with Ambassador Greer, Dr Rahman briefed...

Russia joins Chinese, Iran warships for drills off S Africa

SIMON'S TOWN, South Africa, Jan 96 (AFP): A Russian warship arrived off South Africa's main naval base Friday to join Chinese and Iranian vessels in military exercises that risk further damaging Pretoria's relations with Washington.The exercises draw together several nations feuding with the US administration and come at a time...

Vast fields of winter vegetables, including mustard, stretch out in the Aminbazar area of Savar.

Vast fields of winter vegetables, including mustard, stretch out in the Aminbazar area of Savar. The photo was taken on Friday. — K Asad-Uz-Zaman