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

Routes go underutilised for lack of infra, connectivity

Indo-Bangla trade fails to benefit from the Protocol on Inland Water Transit and Trade (PIWTT) due to poor infrastructure, lack of investments and awareness, a senior official said on Wednesday. "There is a lack of infrastructural development in the riverine ports and many places are not connected with good road...

Plan drawn up to build eight satellite towns around Dhaka

Prime Minister Sheikh Hasina said on Wednesday the government had drawn up a plan to build eight satellite towns around Dhaka city to ease the pressure of population, according to an online news portal.She was replying to a question in parliament from ruling party lawmaker Benazir Ahmad.The PM said, "Projects...

15 banks fail to comply with loan provisioning rules

A total of fifteen banks failed to keep the requisite provisions against their loans, particularly the classified ones, in the last calendar year (2018).The 15 banks, out of 58, did not maintain the requisite provisions against loans, according to the central bank's latest statistics.The banks included four state-owned commercial banks...

Invest more to tackle BD’s ‘learning crisis’

Bangladeshi children lag behind at least 4.5 years from their 11 years of learning due to poor quality of schooling, says a new World Bank (WB) report.The key factors behind this are the lack of access to early childhood development programmes, low quality of teaching practices, challenges related to poor...

Migrants’ children have to manage household

The children of migrant workers left behind at home face difficulties like insecurity and loneliness, revealed a Refugee and Migratory Movements Research Unit (RMMRU) study.With their parents abroad, the children also have to shoulder an additional responsibility for household management, it said.A dissemination workshop on 'Social Cost of Migration on...

Indo-Pak tensions spread from Asia to European markets

European stock markets opened lower on Wednesday after fresh hostilities erupted between India and Pakistan, causing Asian assets to fall and pushing investors into safe havens such as the yen, reports Reuters.After about an hour of trading, the pan-European STOXX 600 was down about 0.5 per cent. All the main...

Chemical warehouses to be relocated to Kadamtali, Tongi

In the aftermath of the devastating fire in Chawkbazar, the government has announced a temporary measure that will see the chemical warehouses in Old Dhaka be relocated to the capital's Kadamtali and Tongi, in an effort to prevent any further fatal accidents, reports bdnews24.com.The decision came after a meeting between...

Donald Trump and Kim Jong Un

A handshake and warm words between US President Donald Trump and North Korean leader Kim Jong Un mark the start of their second meeting in Hanoi on Wednesday — Reuters

'Drug trader' dies in city 'gunfight'

A suspected drug trader was killed in an alleged gunfight with police in Paltan early Wednesday, reports UNB.The deceased was identified as Kamal Hossain, 35.Police said they sent a team to the area at around 01:00 am after being tipped off that a group of 'drug traders' had gathered in...

ECNEC approves Tk 33.22b 400KV Line Project

The Executive Committee of the National Economic Council (ECNEC) approved on Wednesday a big project to set up double-circuit 400 KV transmission lines to extend the high voltage power transmission infrastructure in the northern part of the country at a cost of Taka 3,322.34 crore to import power from India,...