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

August credit card spending up 4.09pc

Credit-card spending surged to Tk 2.43 billion in August, registering a 4.09-percent increase from July's Tk 2.34 billion, according to Bangladesh Bank (BB) data.Nearly half of all transactions made with credit cards in August occurred at departmental stores, data showed. Bankers point to rising costs of both food and non-food...

Bangladesh's Mushfiqur Rahim plays a shot

Bangladesh's Mushfiqur Rahim plays a shot during the 2023 ICC Men's Cricket World Cup one-day international (ODI) match between New Zealand and Bangladesh at the MA Chidambaram Stadium in Chennai on Friday. New Zealand won by eight wickets, chasing a target of 246. Mushfiqur scored highest 66 runs for the...

Palestinians with their belongings flee from their homes

Palestinians with their belongings flee from their homes following Israeli airstrikes in Gaza City on Friday. Israel has called for the immediate relocation of 1.1 million people in Gaza amid its massive bombardment in retaliation for Hamas's attacks, with the United Nations warning of "devastating" consequences. — AFP

EU seeks PMO intervention in approval

The European Union (EU) has sought intervention of the Prime Minister's Office (PMO) in endorsing a $25-million proposed project urgently to support the labour-sector reforms in Bangladesh.The supranational bloc has written to the PMO for taking necessary action to this effect.Bangladesh, International Labour Organisation, EU representatives, Denmark, the Netherlands and...

Apex chairman sees bright future for footwear

Prominent business personality Syed Manzur Elahi expressed confidence in the future of the footwear business, saying that it will always remain in vogue.Addressing a gala dinner organised by Apex Group at a city hotel on Friday, Mr Elahi, the chairman of Apex Group, said that 80 per cent of shoes...

100pc construction work of Bangabandhu Tunnel completed

Preparation is underway to inaugurate Bangabandhu Sheikh Mujibur Rahman Tunnel under the Karnaphuli River in Chattogram, as 100 per cent of the construction work has been completed, reports BSS."The Bangabandhu Tunnel under the Karnaphuli River is getting ready for traffic," Project Director (PD) Md Harunur Rashid Chowdhury told the news...

Ctg north bus terminal work set to end in Dec

CHATTOGRAM Oct 13: Work on the Chattogram City Bus Terminal at Kulgaon, being built by Chattogram City Corporation (CCC), is nearing completion by this December.CCC chief engineer Rafiqul Islam said, "More than 75 per cent project work has already been done. I hope the total work will be completed within...

Disasters cause $3.8tn in crop loss over 30 years: FAO

PARIS, Oct 13 (AFP): Natural and man-made disasters have caused $3.8 trillion in crop and livestock loses over 30 years, the UN's Food and Agricultural Organization said on Friday.Floods, droughts, insect infestations, storms, disease and war have caused about $123 billion per year in lost food production per year between...

High inflation means children go hungry around the world: Survey

High levels of inflation and increased costs of living are contributing to worldwide hunger, according to a survey of 16 countries commissioned by the humanitarian group World Vision International, reports Reuters.The 16 countries included Australia, Bangladesh, Brazil, Britain, Canada, Germany, Japan, Mexico, Peru, the Philippines, South Korea and the United...

Norway condemns 'unacceptable' siege of Gaza

OSLO, Oct 13, (AFP) : Norway on Friday condemned Israel's "unacceptable" siege of Gaza after the Hamas militant group's bloody attack on Israel."Israel is entitled to defend itself ... but it cannot use all possible means," Foreign Minister Anniken Huitfeldt told public radio NRK."I condemn this siege because you have...

Lanka president to visit China as debt talks progress

COLOMBO, Oct 13 (Reuters): Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday.Wickremesinghe took office in July last year, after a popular uprising, brought on by...

India won't impose restrictions on laptop imports

India is rolling back its earlier plan to impose restrictions on laptop imports, months after abruptly announcing such plans which came under criticism from industry and Washington, reports Reuters."India will not impose restrictions on laptop imports," Trade Secretary Sunil Barthwal told a press conference on Friday.He said the government "only...