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

BB allows start-ups to invest up to $10,000 abroad

The central bank has relaxed its regulations, allowing start-ups to invest up to $10,000 abroad by establishing legal entities, officials said. General permission is granted to establish a legal entity abroad with an amount up to $10,000 or equivalent by way of investment for supporting a start-up in Bangladesh, according...

Chinese Exim Bank to support the swap

China's Export-Import Bank would support the proposed relocation of Chinese manufacturing plants to Bangladesh to use the country as a platform for export to third countries.The assurance came from Chairman of the Exim Bank Chen Huaiyu Thursday when he called on Bangladesh Chief Adviser Professor Muhammad Yunus on the sidelines...

CA seeks FAO support for export boost of agri products

Chief Adviser (CA) Professor Muhammad Yunus on Thursday sought support from the Food and Agriculture Organization (FAO) to expand efforts of fruits and farm products export to China.The CA met FAO Director General Qu Dongyu on the sidelines of the Boao Forum for Asia Annual Conference in the coastal Chinese...

Five reform commissions get time until Apr 30

FE REPORTThe interim government has extended the tenure of five reform commissions until April 30 for submission of their final reports.Women's Affairs Reform Commission, Labour Reform Commission, Local Government Reform Commission, Health Reform Commission and Media Reform Commission are getting more time.The Cabinet Division issued a circular to this effect...

Thousands of workers yet to be paid until Thursday

Thousands of workers in the country's various industrial zones, including those of textile and readymade garment (RMG) factories under the Industrial Police (IP) jurisdiction, were yet to receive due wages and festival allowances until Thursday. Garment workers of a number of factories, including TNZ Group, continued their protests in front...

Four state banks to remain open today

Bangladesh Bank has decided to keep four state-owned banks open on Friday (March 28) despite the start of a nine-day Eid-ul-Fitr holiday, reports UNB.In a circular signed by Additional Director Md Abdul Mannan, the central bank informed the managing directors and chief executives of Sonali Bank, Janata Bank, Agrani Bank...

Call money rate almost stable on last day before Eid vacation

The inter-bank call money rate remained almost stable on Thursday, the last working day before the Eid-ul-Fitr festival, as banks managed their funds efficiently with the help of the central bank.The weighted average rate (WAR) of call money rose to 10.01 per cent on the day from 9.85 per cent...

Confident to advance our bilateral economic development

US President Donald Trump has greeted Chief Adviser Professor Muhammad Yunus and people of Bangladesh on the occasion of Independence Day."On behalf of the American people, I wish you and the people of Bangladesh a happy Independence Day. This time of transition presents an opportunity for the people of Bangladesh...

Putin eyes Dhaka-Moscow ties to strengthen regional security, stability

Russian President Vladimir Putin has said Bangladesh-Russia relations are based on well-established traditions of friendship and mutual respect, reports UNB."I am confident that they will continue to develop in a productive manner for the benefits of our peoples, and in the interests of strengthening regional security and stability," he said...

US to give $73m in aid to Rohingya refugees

WASHINGTON, Mar 27 (Reuters): The Trump administration said on Thursday it will provide $73 million in new financial aid to Rohingya refugees through the UN World Food Programme, amid concerns that aid cuts could deepen the crisis for the world's largest stateless population."This food and nutrition support through @WFP will...