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

Flag vessels law to spell woes for feeder operators

The container feeder vessels calling at the Chattagram port are set to face fresh troubles as the Bangladesh Flag Vessels (Protection of Interest) Act has made it mandatory for them to obtain waiver certificate.It must be secured 15 days before loading cargoes.The law, passed in November 18 last year, mandated...

Regulator to cut life ins cos' lapsed policies

The Insurance Develop-ment and Regulatory Authority (IDRA) has issued a circular on Sunday with the aim of reducing the number of lapsed policies of the life insurance companies.A policy for which all benefits to the policyholder cease and are terminated due to nonpayment of premium amount on due date or...

Maintain austerity to face Covid 2nd wave

Prime Minister Sheikh Hasina on Sunday again directed the government officials to refrain from unnecessary spending of public money as she expressed the fear that a second wave of COVID-19 might hit in the coming days, reports agencies."There's an apprehension that COVID-19 pandemic might hit again, because many countries including...

Anti-rape protests continue in city

Activists under different platforms continued their anti-rape protests in the city for the seventh consecutive day on Sunday.A student organisation submitted a memorandum to the law ministry on the day demanding amendment to the existing law.Demonstrators under the banner of 'Student Alliance against Sexual Harassment' called for amendment to the...

China for quick repatriation of Rohingya

China has expressed concern over the delay in Rohingya repatriation to their homeland in Myanmar.The concern was expressed when the Chinese Ambassador in Dhaka Li Jiming met Foreign Minister Dr AK Abdul Momen in the capital on Sunday, a spokesperson of the foreign ministry said. They discussed issues related to...

Europe rides second wave

More than 37.53 million people have been reported to be infected by the novel coronavirus globally and 1,078,549 have died, according to Worldometers tally, report agencies. Infections have been reported in more than 213 countries and territories since the first cases were identified in China in December 2019. Countries across...

282 jute goods declared as 'versatile jute products'

Considering the demand in domestic and international markets and the global expansion of jute industry, the government has declared 282 types of attractive jute goods as 'versatile jute products', reports UNB.The Ministry of Textiles and Jute has released a list of versatile jute products with names, said a handout on...

Conflicts over height of MRT-1 still remain unresolved

Conflicts between the two government agencies over maintaining the elevated height of separate infrastructures in Purbachal area have not yet been resolved, sources said.Though the prime minister has given green signal to keep the height of elevated part of mass rapid transit line-1 (MRT-1) at 13 metres, sources said, problems...

4.8-kilometre of Padma Bridge now visible

MUNSHIGANJ, Oct 11 (UNB): Nearly five kilometres of the Padma Bridge has become visible with the installation of its 32nd span on Sunday.The span, weighing 3,150 tonnes, was installed on pillars no 4 and 5 at Mawa point around 9:30am, said Executive Engineer (Bridge) Dewan Md Abdul Quader.The span was...