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

Help govt implement dev programmes, says PM

Prime Minister Sheikh Hasina on Thursday made a clarion call to all to help her government implement its development programmes to change the socioeconomic status of the mass people, reports UNB."I seek your utmost cooperation so that our development programmes can be implemented properly," she said.The Prime Minister said this...

BD didn’t seek GSP after 2015, says US official

The United States thinks that Bangladesh still needs the generalized system of preferences (GSP) facility to boost its export in the US market and to remain competitive with other countries, as GSP is the only duty-free facility of the US for the developing countries.But an US Embassy official in Dhaka...

Trade deficit doubles in July-November

The country's overall trade deficit nearly doubled in the first five months of this fiscal year (FY), 2017-18, following higher import payments against lower export receipts, officials said.The deficit rose by more than 96 per cent or US$3.73 billion to $7.61 billion during the July-November period of FY 2017-18, from...

Step up efforts to check duty evasion

National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan on Thursday instructed the customs intelligence team to intensify its efforts to check smuggling and duty evasion.He also asked them to take stern action to prevent abuse of duty-free facility under the bonded warehouse scheme of the customs.The NBR chief,...

Rajuk to list unapproved buildings

Rajdhani Unnayan Kartripakkho (Rajuk) has decided to enhance city building monitoring and prepare a list of unapproved buildings in its eight zones by the end of February.A Rajuk official said the decision came in its last coordination meeting at an instruction of the Rajuk chairman. The relevant zonal building inspectors...

400 more Rohingyas enter Teknaf

COX'S BAZAR, Jan 11: More than 400 new Rohingya refugees entered Bangladesh through different border points of Teknaf upazila in Cox's Bazar in three days, refugee related sources said.Very recently Myanmar army claimed that the Rohingya rebel group 'ARSA' attacked their force in Rakhine state. After this attack Myanmar military...

World food prices up 8.2pc in 2017

ROME, Jan 11(Reuters): Strong demand looks set to support world food prices in 2018 although the political situation in oil-producing countries and international trade negotiations may herald more volatility, a United Nations food agency economist said on Thursday.World food prices rose 8.2 per cent in 2017 from the previous year,...

BAPEX to develop 108 gas wells by 2021

The oil and gas exploration company BAPEX has taken an initiative to develop 108 wells for increasing supply of natural gas to ensure energy security and production, reports BSS."Of the wells, the Bangladesh Petroleum Exploration and Production Company Limited (BAPEX) would search 53 wells, dig 35 development wells and complete...

SC upholds BB order removing bank MD

The Appellate Division of the Supreme Court on Thursday upheld a Bangladesh Bank (BB) order that removed NRB Commercial Bank Managing Director Dewan Mujibur Rahman from his post for misconduct and violating the rules, reports UNB.A five-member Appellate Division bench, led by Acting Chief Justice Abdul Wahhab Miah, passed the...

Pirate attacks jump three-fold in B’desh: IMB

KUALA LUMPUR, Jan 11 (AFP): Pirate attacks worldwide fell to their lowest level in over two decades last year, the International Maritime Bureau (IMB) said.However, the number of attacks in Bangladesh jumped three-fold to 11 in 2017, with most in Chittagong, the country's busiest port.The number rose more than double...

Chamber Judge stays HC order that halted 4G spectrum auction

A Chamber Judge of Supreme Court on Thursday stayed the High Court order that halted the notice of BTRC seeking 4G licensing guideline and invitation of application for auction of 4G spectrum, reports UNB.Within few hours of the HC order the Bangladesh Telecommunication and Regulation Commission (BTRC) moved to the...

A portion of a road has caved in at Gulshan 1

A portion of a road has caved in at Gulshan 1 in the city impeding traffic as is seen on Thursday. — FE photo

India can meet BD demand for automobiles: Envoy

Indian High Commissioner in Dhaka Harsh Vardhan Shringla said on Thursday his country's automotive industry is in an ideal position to meet Bangladesh's demand for automobiles given its capacity, competence and geographical proximity to Bangladesh, reports UNB.He said companies from both Bangladesh and India are exploring new opportunities for investing...

Information Minister Hasanul Haq Inu addresses a seminar

Information Minister Hasanul Haq Inu addresses a seminar on 'News Sense and Ethics of News,' organised by MRDI with the collaboration of National Human Rights Commission, UNICEF and Press Institute of Bangladesh (PIB) at the PIB building in the city on Thursday.