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

New Army chief adorned with rank badge of General

Newly-appointed Chief of Army Staff Aziz Ahmed was adorned with the rank badge of General on Tuesday, reports UNB.Prime Minister Sheikh Hasina witnessed the ceremony that was held at her official residence Ganobhaban.Chief of Naval Staff Admiral Nizamuddin Ahmed and Chief of Air Staff Air Marshal Masihuzzaman Serniabat adorned the...

AIIB seeks to finance two transport sector projects

The Asian Infrastructure Investment Bank (AIIB) has shown interest in financing two projects in the country's transport sector for improving regional connectivity as well as boosting trade and business.Of the projects, Sylhet-Tamabil road upgrading project is on the priority list, as three missions of AIIB have analysed its feasibility, said...

Govt backtracks on taking Saudi loan

Bangladesh has scrapped its decision on taking US$ 1.0 billion financial support from Saudi Arabia for building over 550 model mosques, officials said.On Tuesday, the government's economic council revised the 560-model mosque project.The Executive Committee of the National Economic Council (ECNEC) decided to implement the project on government resources.Presided over...

SC upholds Khaleda's HC bail in Cumilla case

The Supreme Court (SC) upheld on Tuesday a High Court order that granted bail to BNP chairperson Khaleda Zia in a case filed under the Special Powers Act over the arson attack in Cumilla on February 03, 2015, reports UNB.A four-member bench of the Appellate Division headed by Chief Justice...

Myanmar sacks top general over ethnic cleansing

Myanmar is accused of waging a crackdown in Rakhine state that forced 700,000 to flee that the UN and major western powers have said amounts to "ethnic cleansing", reports agencies.Its leaders have come under fire for taking little punitive action against the military, which has maintained its troops were responding...

For foreigners, Dhaka more expensive than Frankfurt, Boston

Dhaka, the capital city of Bangladesh, is more expensive than Frankfurt of Germany, Brussels of Belgium and Boston of the United States, according to web sites reports. Mercer's 24th annual Cost of Living Survey, released on Tuesday, ranked Dhaka at 66th costly city for foreigners among 209 cities of the...

BB restores LC margin on rice import

The central bank has reinstated the letter of credit (LC) margin on rice import after more than one year to make sure farmers get fair prices for their produce.The latest measure comes into immediate effect. The measure allows commercial banks to impose the margin on opening of LCs for rice...

Thrust on scaling up weather index-based crop insurance

Bangladesh needs to scale up weather index-based crop insurance considering the vulnerability of farmers at a time when climate changes fast, speakers said at a workshop on Tuesday. They also said the government may take up more pilot projects and conduct feasibility studies if the authorities concerned do not feel...

ACC nabs WASA officer for taking Tk0.2m in bribe

The Anti-Corruption Commission (ACC) caught a field officer of Dhaka Water Supply and Sewerage Authority (WASA) red-handed on Tuesday while he was taking a bribe of Tk 0.2 million.Acting on a complaint, the ACC nabbed Jahidur Rahman from his office in the city's Uttara under WASA's PPI revenue zone-9 at...

Indian home minister to visit BD next month

NEW DELHI, June 26: Anti-terror cooperation and ways to check radicalisation of youths will be high on the agenda during Indian Home Minister Rajnath Singh's visit to Bangladesh next month, officials said Tuesday. During the three-day visit beginning July 14, the home minister is also expected to meet Bangladesh Prime...