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

Liquidity crunch puts shrimp, fish exporters in peril

The country's frozen shrimp and fish exporters are facing a severe liquidity scarcity for maintaining their overseas trade due to unavailability of the arrears of cash incentive from the government.Keeping this in view, the Bangladesh Frozen Foods Exporters Association (BFFEA) has urged the government to release Tk 1.74 billion in...

Govt to set up 170 urban health centres

The Directorate General of Health Services (DGHS) will establish 170 Urban Primary Health and Nutrition Centres (UPHNCs) across Dhaka North, Dhaka South, and Chattogram city corporations, aiming to expand access to primary healthcare services.The Health Services Division under the Ministry of Health and Family Welfare (MoHFW) submitted the project proposal,...

Sanae Takaichi named Japan's first woman PM

TOKYO, Oct 21 (AFP): Sanae Takaichi was named Japan's first woman prime minister Tuesday, with the social conservative naming just two other women to her cabinet. Japan's fifth premier in as many years also leads a minority government and has a bulging in-tray, not least a scheduled visit by US...

CAAB denies responsibility for cargo complex fire

The chairman of the Civil Aviation Authority of Bangladesh (CAAB) has once again avoided taking responsibility for the catastrophic fire at Hazrat Shahjalal International Airport's import cargo complex, arguing that the authority is only the owner of the building, while operational control lies with other agencies.At a press briefing on...

ECNEC sends back Tk 12.69b 'haors' project

The Executive Committee of the National Economic Council (ECNEC) on Tuesday declined to give its nod to an infrastructure-development project in 'haors' of greater Sylhet and Mymensingh, fearing environmental impact.The ECNEC, the highest government authority for approving development projects and policies, endorsed 13 other projects including seven revised ones at...

Only one India deal scrapped: Touhid

Foreign Affairs Adviser Md Touhid Hossain said on Tuesday that only one of agreements signed with India during the previous Sheikh Hasina administration had been cancelled, rejecting claims by another government adviser that 10 such deals had been scrapped.Speaking to reporters at the Ministry of Foreign Affairs, he said the...

Yield on 10-year T-bonds rises

The yield on 10-year treasury bonds edged up on Tuesday, as banks showed reluctance to invest surplus funds in long-term government securities, opting instead for short-term instruments to manage their portfolios more efficiently. According to auction results, the cut-off yield on the 10-Year Bangladesh Government Treasury Bonds (BGTBs) rose to...

BB waives L/C margin on baby food imports

The Bangladesh Bank (BB) has waived the cash margin requirement for opening letters of credit (L/Cs) on baby food imports to facilitate the import of food items for infants. A circular issued by the central bank on Tuesday said the cash margin will now be determined on the basis of...