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

Share of non-RMG export earnings virtually unchanged in a decade

Contribution of non-RMG sectors to the country's overall export earnings remained almost static during last one decade, indicating insufficient efforts toward diversification of the products-basket and largely reliant on textile and garments. Non-RMG (readymade garment) items like leather and leather goods, footwear, jute goods, agricultural products, frozen and live fish,...

Taskforce working to keep BBS away from 'project culture'

Political interventions and lack of independence in the Bangladesh Bureau of Statistics (BBS) has created a muddle on its data and statistics, discussants at a taskforce meeting said on Wednesday.Besides, the intervention from the line ministry and other public agencies and bureaucrats had also affected the strength and capability of...

TIB raises questions over procurement bypassing tender

The expenditure of nearly Tk 1.11 billion through direct procurement process without tender -- in order to turn Ganabhaban into a museum -- is questionable, anti-graft agency TIB said."The commendable initiative to transform the former prime minister's residence - Ganabhaban -- into the 'July Uprising Memorial Museum,' meant to commemorate...

2.5-yr project sees 70pc progress in 11 years

A government project launched more than a decade ago to establish a technical school and college in 100 upazilas each has not finished yet, despite being scheduled for completion within two years and a half.Approved in early 2014 with an estimated cost of Tk 9.24 billion, it has achieved only...

Main accused arrested in Patuakhali

PATUAKHALI, Jul 16 (UNB): Detectives have arrested the prime suspect in the sensational murder of scrap vendor Lalchand alias Md Sohag, who was beaten to death with a concrete boulder in front of Sir Salimullah Medical College (Mitford) Hospital in Old Dhaka recently.A team from the Detective Branch (DB) of...

LNG tender reissued after spot price snag

In a renewed bid to meet its growing energy needs, state-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has reissued a tender to procure two LNG cargoes for delivery later this August, after the earlier tender was scrapped due to unexpectedly high price offers.Each cargo, containing 3.36 million British thermal units...

No border force has right to kill people without trial

Foreign Affairs Adviser Touhid Hossain on Wednesday stated that the government has not softened its stance on border killing by neighbouring country India.No border guard force has the right to shoot and kill someone who violates the law on the border" he said, adding that if anyone commits such act...