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

'Extensive communication network' drives economy, says Hasina

Prime Minister Sheikh Hasina has attributed Bangladesh's dynamic economy to an 'extensive network' of communication developed by the Awami League government, reports bdnews24.com.She made the remarks while inaugurating three bridges in different districts and an 'Independence Square' in Pabna via video conference from Ganabhaban on Sunday."The communication system is being...

Exports to EU made cheaper

The state-owned Export Promotion Bureau (EPB) has reduced the service charges under the registered exporter system of the European Union following the demand from apparel makers, officials say.The EPB re-fixed the rate of service charges to the latter for the verification of documents under REX to Tk 250, including VAT...

HC seeks details of money launderers

The High Court (HC) on Sunday sought all sorts of information on persons involved in laundering money overseas, including their names, addresses and legal steps taken against them. In an order, the HC asked the home secretary, the foreign secretary, Bangladesh Bank, Bangladesh Financial Intelligence Unit (BFIU), Anti-Corruption Commission (ACC)...

Three cases filed against 'Golden' Monir

Three cases were filed on Sunday against 'Golden' Monir in connection with the recovery of foreign currencies, firearms and liquor from his Badda Residence, reports UNB. Rapid Action Battalion (Rab) filed the cases - one under Special Powers Act, Arms Act and Narcotics Control Act-at Badda Police Station, said Pervez...

BB gets two new deputy governors

The government has appointed two deputy governors (DGs) for the central bank after more than nine months of publishing an advertisement.The newly appointed deputy governors are Kazi Sayedur Rahman, executive director of the Bangladesh Bank (BB) and AKM Sajedur Rahman Khan, managing director of Rajshahi Krishi Unnayan Bank (RAKUB), according...

Target to raise Boro acreage by 50,000 hectares

The government has set a target of increasing the acreage of Boro crop by 50,000 hectares this year aiming to meet production shortfall."We were expecting a fall in Aman output to some extent amid spells of floods during its cultivation," agriculture minister Dr Muhammad Abdur Razzaque said while speaking at...

US eyes early Dec vaccination

WASHINGTON, Nov 22 (AFP): The United States hopes to begin a sweeping program of Covid vaccinations in early December, the head of the government coronavirus vaccine effort said Sunday."Our plan is to be able to ship vaccines to the immunization sites within 24 hours of approval" by the US Food...

WHO Covid envoy fears third wave

A World Health Organization (WHO) special COVID-19 envoy predicted a third wave of the pandemic in Europe in early 2021, if governments repeat what he said was a failure to do what was needed to prevent the second wave of infections.They missed building up the necessary infrastructure during the summer...

Pharma export to Asean market likely to reach $1.2b in four years

Speakers at a webinar on Sunday said Bangladesh's pharmaceuticals export volume to Asean market can reach up to $1.2 billion from the present $60 million within the next four years if the technical and the non-tariff barriers are addressed, report agencies.At the webinar organized by the Ministry of Foreign Affairs,...

Retailers brace as virus bears down on consumers

WASHINGTON, Nov 22 (AP/UNB) - LaTonya Story is every retailer's worst fear. With the viral pandemic re-surging through the country and the economy under threat, Story has decided to slash her holiday shopping budget. She'll spend less than $2,000 this season, down from several thousand dollars in 2019. Worried about...