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

JS body pushes for database

The parliamentary watchdog on commerce ministry on Tuesday recommended creating a comprehensive database of key essentials like potato and onion to prevent price spiral in the future.The database will have estimates of 5-6 months' demand of the key essentials and the items should be stocked in advance through imports in...

Project cost revised upward by 40pc

The Executive Committee of the National Economic Council(ECNEC) has endorsed revision of the Elenga-Hatikamrul-Rangpur four-lane highway project despite completion of only 11 per cent work in four years.The government's highest economic policy-making body revised the Roads and Highways Department (RHD)'s project on Tuesday with 40 per cent higher costs and...

Thousands protest, call to boycott French goods

Hundreds of thousands of angry protesters on Tuesday staged a demonstration in Dhaka city in protest against the display of caricature of the Prophet (SM) in France.Islami Andolan Bangladesh organised a protest rally with a demand to boycott French products and cut diplomatic ties with Paris unless it offers apology...

BSEC chief suggests making MFs, bond market vibrant

There is a need for making mutual funds (MFs) and bond market vibrant, reducing extreme dependence on banking sector, to mobilise funds for boosting the country's trade and investment.The observation was made by the Bangladesh Securities and Exchange Commission (BSEC) Chairman Professor Shibli Rubayat-Ul-Islam in a programme in the city...

Tk 18.31b incentives released for exporters

The government has released a sum of over Tk 18.31 billion in favour of the Bangladesh Bank for the payment of cash incentives to local exporters, officials said.It is the second installment of cash incentives/subsidy for the October-December quarter of the current financial year (FY '21).Of the amount, Tk 1.25...

Draft policy targets 15pc annual growth

The country's plastic and packaging industry is projected to grow at a rate of 15 per cent annually, and generate fresh employment for around 0.5 million people by 2026, sources said. It has also targeted to become 'zero waste nation' for plastic and packaging consumption by 2030. The government has...

Wave of new cases crashes across US, Europe as winter looms

The United States, Russia, France and many other countries are setting records for coronavirus infections as a tidal wave of cases washes over parts of the Northern Hemisphere, forcing some countries to impose new curbs, report agencies.More than 43.91 million people have been reported to be infected by the novel...

US, India must focus on threat posed by China: Pompeo

The United States and India must work together to confront the threat posed by China to security and freedom, US Secretary Mike Pompeo said on Tuesday as he prepared for talks with Indian leaders, reports Reuters.Pompeo arrived in New Delhi on Monday along with Defence Secretary Mark Esper for an...