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

BD cancels deal with Chinese cos, assigns itself instead

Scrapping deal with a Chinese company for misdealing, the Bangladesh government decided to upgrade Dhaka-Sylhet highway to four-lane one on its own, officials said.The Ministry of Road Transport and Bridges (MoRT&B) did away with the preliminary deal with China Harbor for upgrading the 214-kilometre highway due to latter's "unscrupulous practice"...

Visitors, sales up at Boimela

Ekushey Boimela (book fair) drew a large number of visitors on Friday, which helped to increase publishers' volume of sales on the weekly holiday.Both the number of visitors and the sales volume were much higher comparing to the previous days of the month-long fair, according to the publishers.They said book-lovers...

Health ministry fails to execute need-based resource allocation

The Ministry of Health did not implement need-based resource allocation mechanism in one year to ensure equity and efficiency, although it was suggested in the 4th Health, Population and Nutrition Sector Programme (HPNSP).The same mechanism was proposed in the 3rd HPNSP (2011-2016). The Executive Committee of National Economic Council (ECNEC)...

Fire guts furniture shops in Ctg

CHITTAGONG, Feb 16: As many as 23 furniture showrooms and factories were gutted in a devastating fire at the Chittagong City Gate area on Friday.Fire fighters said the fire erupted from one of the furniture factories and quickly spread to the adjacent showrooms and factories near the Mir Filling Station...

Bangladesh scraps Thai rice deal

Bangladesh, which has emerged as a major importer of rice since 2017 after floods damaged its crops, scrapped a plan to import 150,000 tonnes of rice from Thailand, agreed at $465 a tonne in October."We had to cancel it as they were taking too long to finalise the deal. We're...

CBI links billionaire jeweller Modi to $1.77 billion bank fraud

NEW DELHI, Feb 16 (Reuters): Indian billionaire jeweller, Nirav Modi, who is facing accusations that he defrauded a state-run bank of $1.77 billion left the country on January 1 even before a case against him was registered, a federal police source said.The Central Bureau of Investigation (CBI) last week said...

Gold rises to three-week high

LONDON, Feb 16 (Reuters): Gold rose to a three-week high on Friday as stronger-than-expected inflation data this week boosted interest in the metal as a hedge against price pressures. Gold is holding on track for its biggest weekly gain in nearly two years, snapping two straight weeks of losses that...