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

First reverse auction sees no bids accepted

The first reverse auction for buy-back of the government securities was held Wednesday at the central bank headquarters in Dhaka without accepting any bids, officials said.Only three primary dealer (PD) banks out of 20 submitted their bids worth around Tk 80 billion at the auction for selling their excess government...

Banks to remain open for 12 hrs around Ctg port

CHATTOGRAM, Apr 18: Banks decided on Wednesday to keep transactions open around the port area from 10 am to 10 pm on all days from next week.In line with the government order to keep banking operations open round the clock to facilitate export and import, cargo delivery from the port...

Global rights groups urge all foreign brands to sign

Global rights groups on Wednesday called upon all foreign brands, including the Alliance signatories, sourcing apparel products from Bangladesh to sign 2018 Transition Accord.They expressed concern over Bangladesh's covert opposition to Accord's continuing its work after May and reiterated the need for the Accord to continue in the absence of...

Bangladesh, Malaysia, Pakistan to gain most from BRI project

Bangladesh, Malaysia, and Pakistan are expected to be the biggest beneficiaries of the China-led US$1.5 trillion Belt and Road Initiative (BRI), according to a Nomura Group report. The report also highlights potential risks to both China and countries that reap the benefits of the project, according to a report by...

Fishermen heading home after fishing

Fishermen heading home after fishing in the river Padma near Daulatdia on Wednesday — FE photo by KAZ Sumon

Country wins three major elections in UN

Bangladesh will now represent the Asia-Pacific Group to Commission on the Status of Women (CSW) for four years (2019-2023), Executive Board of UNICEF for three years (2019-2021) and Executive Board of UN Women for three years (2019-2021) as the country has won elections for these positions in the United Nations...

Cabinet body approves LNG import from Oman

Cabinet Committee on Public Purchase approved on Wednesday some 10 proposals including import of liquefied natural gas (LNG) from Oman on government-to-government basis deal, reports UNB.Oman Trading Interna-tional will initially supply 1.0 million tons per annum (Mtpa) of LNG under a price formula of "11.9 per cent Brent plus 0.40...

Nine 20-storey bldgs at Motijheel for govt officers

The government will construct nine 20-storey buildings at Motijheel Government Officers Quarters in the city to arrange accommodation for 10,000 families under a master plan.Of the nine buildings, four will be inaugurated next month where 532 officers will be housed. Construction work of the rest five buildings will start soon....

Teesta full of water again as flow nearly trebles overnight

LALMONIRHAT, Apr 18 (UNB): The water flow of the Teesta has increased at Teesta barrage point in Hatibandha upazila of Lalmonirhat suddenly.From Tuesday evening, the level of water in the river near Teesta Barrage area of Hatibandha upazila, started to rise, recording a rise of nearly 10cm in one day....

Fire Service personnel recovering a private car

Fire Service personnel recovering a private car which fell into a roadside ditch at Kuril in the city on Wednesday — Focus Bangla