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

Customs rules bent for EPZ factories

The National Board of Revenue (NBR) has allowed repurposed use of containers for the export-oriented industries located within the export processing zones.With the relaxation of customs rules, export-oriented industries will be able to save their costs and time for shipments. The customs wing of the board issued a Standard Operating...

A big pothole

A big pothole has developed on a road under the Mayor Hanif Flyover in Fulbaria area of the city, causing sufferings to road users, but the authorities concerned remain indifferent. The photo was taken on Monday. — FE photo by KAZ Sumon

Bangladesh halts bid to import spot LNG

Bangladesh has cancelled tenders to import LNG (liquefied natural gas) from spot market in December as evaluators found too 'expensive' the bidding for two 138,000-cubic metre LNG cargoes.Rupantarita Prakritik Gas Company Ltd (RPGCL), which oversees LNG imports, may go for re-tender to get expected price quotes from bidders, a senior...

Low education, skill level of workforce a major challenge

The low-level education and skill of the majority of the workforce in Bangladesh remains a major constraint on the labout productivity and it poses a challenge to achieving the high economic growth, according to a new report.The report said the low-productivity in its industrial development and competitiveness is a continuing...

President recalls Bangabandhu's days in JS

President Md Abdul Hamid, who was the youngest and newest MP after independence, has recalled Bangabandhu Sheikh Mujibur Rahman's days in parliament, reports bdnews24.com.In his commemorative speech on Monday during a special parliament session on the Father of the Nation marking his birth centenary, Hamid remembered Bangabandhu's efforts to make...

Suu Kyi's party claims to have won majority in Myanmar polls

YANGON, Myanmar (AP): Myanmar's ruling National League for Democracy party claimed Monday that it has won enough seats in Parliament to constitute an absolute majority and retain power. It made the claim even though the state Union Election Commission has not yet completed releasing results from Sunday's election."I can now...

Rupali Bank in disarray for cash crunch

The state-run Rupali Bank Ltd is finding it hard to run normal business operations due to its continuing capital shortfall, officials said.The latest available figures show the volume of capital shortfall of the trouble-torn bank rose to Tk 8.47 billion (provisional) as of June 2020 from Tk 5.37 billion last...

Global Covid cases top 50.9 million

Global confirmed coronavirus cases have surpassed 50.9 million on Monday night, according to worldometer data.The number of global Covid-19 cases rose to 50,950,221 and 1,264,900 people have died from the virus infections, report agencies.The US has the highest case tally in the world, as the country recorded 9,962,900 cases with...

Rejoinder (10-11-2020)

In a rejoinder on Monday, the Alliant Ltd, a firm involved in the erection of the Covid hospital at the International Convention Centre, Bashundhara (ICCB), contradicted a report published in the November 09, 2020 issue of the Financial Express (FE) under the headline 'Bashundhara Places Tk. 63m Covid-19 Bills'. Alliant...

One killed, eight injured in gas line blast in Ctg

CHATTOGRAM, Nov 09: One person died and eight others received serious burns in a gas line blast at Morium Bhaban at Uttar Kattoli in the port city on Sunday night. Of the victims, an elderly woman died at Chattogram Medical College Hospital (CMCH) on Monday while others have been in...

Melania 'counting the minutes' until she can divorce Trump

The British newspaper published the report on Sunday when Trump was preparing for a legal challenge instead of conceding defeat to his rival Joe Biden in the presidential election.Melania is already negotiating a post-nuptial agreement that would give her son, Barron, an equal share of the billionaire's fortune, former aide...