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

Overloaded vehicles cause annual damage worth at least Tk 8.61b

The damage caused to the Dhaka-Chattogram highway due to the overloading of goods-carrying vehicles is estimated to be at least Tk 8.61 billion annually.The assessment, conducted by the Roads and Highways Department (RHD), even deducted the costs associated with the savings on excess load transported and less consumption of fuel...

Feasibility study launched to address Bhabodah waterlogging: Rizwana

Environment, Forest and Climate Change and Water Resources Adviser Syeda Rizwana Hasan on Tuesday said a feasibility study has been launched to find a permanent solution to the waterlogging issue in the Bhabodah area of Jashore, reports BSS.She made the remark during a press briefing, held at the Bhabodah College...

Revise DAP to boost housing sector, demands REHAB

The Real Estate and Housing Association of Bangladesh (REHAB) has termed the Detailed Area Plan (DAP) 2022-2035 'discriminatory' and 'flawed', urging the interim government to revise the plan and quickly introduce new regulations to revive the housing sector and its 200-plus associated industries.Speaking at a press conference at the National...

Boro harvest yet to curb soaring rice prices

Even after the start of a "promising" Boro harvest, the upsurge in rice prices continues in the market, raising concerns among consumers. According to the Department of Agricultural Extension (DAE), about 10-12 per cent of the total 5.07 million hectares of cultivated land has been harvested, with the haor regions...

Yield on 10-yr BGTBs rises significantly

The yield on 10-Year Bangladesh Government Treasury Bonds (BGTBs) increased significantly on Tuesday, as banks showed reluctance to invest their excess funds in the long-term securities.The cut off yield, generally known as interest rate, on the BGTBs rose to 12.48 per cent on the day from 12.05 per cent earlier,...

Banks do not need prior BB approval to send fees abroad

The central bank has relaxed foreign-exchange regulations allowing banks to remit O-Level and A-Level exam fees abroad without prior approval from the Bangladesh Bank (BB).The authorised dealer (AD) banks have also been asked to allow authorised examination centres to collect admission and examination fees in Bangladesh Taka (BDT) for outward...

Pope Francis' funeral on Saturday, Prof Yunus to attend

VATICAN CITY, April 22 (Agencies): Pope Francis' funeral will be held on Saturday in St. Peter's Square, Roman Catholic cardinals decided on Tuesday, setting the stage for a solemn ceremony that will draw leaders from around the world.Francis, 88, died on Monday after suffering a stroke and cardiac arrest, ending...

At least 24 killed as gunmen open fire on tourists in Kashmir

SRINAGAR, Apr 22 (AFP): At least 24 people were killed in Indian-administered Kashmir when gunmen opened fire on tourists on Tuesday, a senior police officer told AFP, with authorities calling it the worst attack on civilians in years.Prime Minister Narendra Modi decried the "heinous act" in the summer retreat of...

Call to enhance higher education quality to attract more foreign students

Senior Secretary of the Secondary and Higher Education Division Siddique Zobair has emphasised the need to ensure quality education in all universities in the country to attract more foreign students.He made the remark while speaking as the chief guest at a workshop titled 'Regional Cooperation in Higher Education, Particularly Student...

US univs condemn Trump's 'political interference'

WASHINGTON, April 22 (AFP): More than 100 US universities and colleges, including Ivy League institutions Princeton and Brown, issued a joint letter on Tuesday condemning President Donald Trump's "political interference" in the education system.The move comes a day after Harvard University sued the Trump administration, which has threatened to cut...

Bikers on the right are waiting for the traffic lights to go green

Bikers on the right are waiting for the traffic lights to go green, but they have, in fact, blocked a portion of Bijoy Smarani Road used by vehicles turning left. Such obstruction also contributes to traffic snarl-up, causing suffering for commuters. The photo was shot on Tuesday. — FE Photo...