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

Hasina-Modi formal meeting unlikely

Prime Minister Sheikh Hasina may not have a formal meeting with her Indian counterpart Narendra Modi during the former's visit to Shantiniketan on May 25.But both will have the opportunity to have a series of informal meetings.Hasina is scheduled to visit West Bengal on May 25-26. During her visit to...

Rescuers find two bodies, two alive, one still missing

Rescuers have found the bodies of two workers and two others alive after five were trapped under mud in a landslide on a hill at Ghumdhum in Bandarban's Naikkhyangchharhi Upazila, reports bdnews24.com.The search for the other worker continued on Monday evening, Ghumdhum police camp in-charge Emon Chowdhury said.The five workers...

REHAB, BASIS push for tax waiver

Realtors and software makers demanded tax and VAT exemption facilities and the creation of fund for the development of their sectors.Leaders of the Real Estate and Housing Association of Bangladesh (REHAB) and the Bangladesh Association of Software and Information Services (BASIS) placed the demands at a meeting on Monday with...

BB ups export loan ceiling for textiles, apparel makers

The central bank has raised the loan limit of garment and textiles producers under its Export Development Fund (EDF) to help boost income from outbound shipment, officials said."It has now been decided to enhance the limit of US$ 20 million to $25 million for member mills of the BGMEA (Bangladesh...

Bangabandhu-I reaches orbital position

Bangladesh's first geostationary communication satellite Bangabandhu-I (BS-I) has reached the desired location (orbital slot) 10 days after of its launch from Florida, reports BSS."Our satellite has taken its position and started functioning normally," Bangladesh Communication Satellite Company Limited (BCSCL) Managing Director Md. Saiful Islam told the news agency Monday. The...

Ensuring quality primary education

Bangladesh has one of the largest primary education networks in the world and over the last few decades, there has been significant improvement in the sector including enrolment and minimising drop-out rate. However, challenges lurk still in ensuring proper infrastructure and quality education.With over 16 million children, aged between six...

IFC offers $40m loan to lower middle-income group

The International Finance Corporation (IFC) has proposed investing up to US$ 40 million in a state-run financial entity in the form of loans to the lower middle-income people in Bangladesh, officials said.According to its Articles of Agreement, the private sector lending arm of the World Bank (WB) needs to take...

Nine die in one night’s gunfights

Nine people were killed in the alleged crossfire in seven districts between Sunday night and Monday morning, report agencies. Police and RAB claim that all of the dead are involved in drug trafficking. Some of the dead have been named in drug cases at various police stations.Law enforcers have also...

Security guard’s body inside ATM booth

Police recovered the body of a security guard inside an ATM booth of Eastern Bank Limited (EBL) in cantonment police station area in the city with slit marks in the throat of the deceased Monday morning. The deceased identified as Touhidul Islam, 20, permanent resident of Bagerhat district, was found...

Customs seize 795gm gold at HSIA

Customs Intelligence (CI) officials on Monday seized 795.5 grammes of gold worth Tk 3.98 million from two passengers at Hazrat Shahjalal International Airport (HSIA).The officials recovered the gold bars from the two passengers who arrived at the airport from Saudi Arabia around 4:30 pm on the day, a CI press...