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

Strong extortion nexus active at Burimari port

A nexus of land port and customs officials, police, and local political goons is allegedly involved in rampant extortion at Burimari land port, sources said.The organised extortion at every step of export-import activities is resulting in increased payment by the end users of the products, they said.The prime minister's office...

BD fabrics, apparel makers display products at trade shows in Paris

Bangladeshi fabrics and apparel manufacturers are displaying their latest products, especially fancy and value added items, at trade shows in Paris, France to lure potential buyers.They are among 1,023 exhibitors from 27 countries, including China, India, Pakistan, Myanmar, Turkey, and Korea, participating in the exhibitions namely Apparel Sourcing, Texworld Denim...

Eight out of 18 probable projects get shortlisted

A special contact point may work for Japan following an opportunity created for receiving private investment from that country in some big PPP projects through government-to-government (G2G) arrangement.Officials concerned said a special public-private partnership (PPP) desk is likely to be set up to seize the large-scale investments. Sources said the...

Couples celebrate Valentine’s Day

Right after the day of celebrating Pahela Falgun with much fanfare, people get another occasion to buy flowers, this time mostly the red roses, to mark the Valentine's Day on Wednesday, reports UNB.Valentine's Day, also called Saint Valentine's Day or the Feast of Saint Valentine, is celebrated annually on February...

European team sees difficult situation in B’desh politics

The visiting European Parliament MP, Jean Lambert, says it is "important" for the BNP to "concentrate" on the upcoming elections as a political party, though she understands Khaleda Zia's sentencing in corruption case presents a "challenge" to her party, reports bdnews24.com."We would agree that the situation is a difficult one,"...

Taka deflates more against US dollar

The exchange rate of the local currency depreciated further against the US dollar on Wednesday after 22 days despite the central bank's foreign currency support to the commercial banks.The exchange rate of Bangladesh Taka (BDT) depreciated by two paisa on the day against the greenback, mainly due to higher demand...

BB appoints 24 PFIs for Japan FDI project

Bangladesh Bank (BB) has selected 24 banks and financial institutions as participating financial institutions (PFIs) for providing 7,033 million Japanese Yen (equivalent to Tk 5,445 million) in loans under a foreign direct investment (FDI) promotion project.A signing ceremony with 19 banks and five FIs was held at Jahangir Alam conference...

Govt planning to train 0.5m masons

The government is planning to train 0.5 million masons across the country for developing them as skilled workers, aiming to make the real estate sector vibrant by promoting green-building methods and minimising casualty.The trained masons might also help boost the manpower sector, said insiders. A five-year project would be taken...

UNSC vows to keep Myanmar situation high on agenda

The United Nations Security Council has expressed its commitment to keep the Rohingya situation of Myanmar high on the Council's agenda during its presidencies in the coming months, reports BSS.Several members of the Council came up with the pledge at the first open council meeting organised by the Kuwaiti Presidency...