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

Refiners seek sharp hike in edible oil prices

Edible-oil refiners have proposed increasing the prices of soybean and palm oils by Tk 10 and Tk 19 per litre respectively, citing rising import costs and international market volatility, sources said.The Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVORVMA) has submitted the price hike proposal to the Ministry of...

BD struggles to balance big-power pressures

Bangladesh's foreign policy is increasingly defined by the challenge of navigating great-power rivalry while managing domestic political pressures, analysts said at a major policy forum on Sunday. They argued that Dhaka's engagement with India, China, and the United States reflects not a single alignment but a constantly shifting attempt to...

T-bill yields see mixed trend

The yields on treasury bills (T-bills) showed a mixed trend on Sunday as banks appeared reluctant to invest their excess liquidity in risk-free government securities ahead of the year-end closing.The cut-off yield, generally regarded as the interest rate, on 91-day T-bills rose to 10.14 per cent from 10.07 per cent,...

5.3-magnitude earthquake jolts coast of Myanmar

YANGON, Nov 23: A 5.3-magnitude earthquake struck off the coast of Myanmar Sunday. The tremor, which began at 10:39am, was felt in neighbouring country Thailand as well.The US Geological Survey (USGS) reported the epicenter was 267 km west-southwest in Dawei of Myanmar, at a depth of 10 km.However, no damage...

Experts praise move, but call for transparency

Economists and business leaders have cautiously hailed the selection of reputed foreign companies by the interim government to develop and operate two Bangladeshi ports, saying this will uplift the country's capacity.Experienced and well-known foreign firms handling the ports will not only boost the efficiency of the latter but also transfer...

Govt mulls app for earthquake warning, says home adviser

The government is mulling over introducing an app for providing early warning of earthquakes in the country, said Home Affairs Adviser Lt Gen (retd) Jahangir Alam Chowdhury on Sunday.He said several countries have developed applications, capable of issuing alerts around 10 seconds before tremors begin. However, no country has a...

BNP vows free pry healthcare if elected: Khasru

Bangladesh Nationalist Party (BNP) Standing Committee Member Amir Khasru Mahmud Chowdhury on Sunday said BNP will introduce free primary medical services if the party comes to power, reports BSS. "Everyone's aspiration is very high. We will perform our best, if the party (BNP) is voted to power. We have already...

Verdict against Hasina, Putul on Nov 27

A Dhaka court on Sunday fixed November 27 for delivering its judgment in three separate cases against Sheikh Hasina, her son Sajeeb Wazed Joy, and daughter Saima Wazed Putul filed by the Anti-Corruption Commission (ACC) over alleged irregularities in plot allocation by Rajdhani Unnayan Kartripakkha (Rajuk), report UNB.Judge Md Abdullah...

All state-run drillings, seismic operations halted amid quake

All types of drillings and seismic survey operations of the state-run gas exploration companies have been suspended for 48 hours until 8 am on November 25 as a precautionary measure amid earthquake concerns.The state-owned Petrobangla announced on Sunday the suspension of exploration activities to ensure safety of the manpower involved...