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

Sonali Bank urges govt to issue TK 60b bonds

Sonali Bank PLC has requested the government to issue bonds worth Tk 60 billion to settle outstanding loans of the sugar mills and Bangladesh Sugar and Food Industries Corporation (BSFIC) with the proceeds, officials said.They said the state-owned bank has to make a hefty amount of provision against the loans...

Nat'l unity crucial to countering evil forces: BNP

BNP secretary-general Fakhrul Islam Alamgir has said national unity is the key to countering the evil forces who want to put the country's independence, sovereignty and stability at stake."Right now, what is needed most is national unity. We have enormous challenges ahead of us, particularly in defeating the evil forces...

People gather during the funeral ceremony of public prosecutor Saiful Islam Alif

People gather during the funeral ceremony of public prosecutor Saiful Islam Alif, a day after he was killed during riots between security personnel and supporters of jailed Hindu monk leader and former member of ISKCON Chinmoy Krishna Das in Chattogram on Wednesday. — AFP

Pvt equity, venture capital ecosystem needs expansion

Dhaka Chamber of Commerce and Industry (DCCI) has stressed the need for building a knowledge-driven economy, which is vital for Bangladesh's future. It also emphasised the need for a supporting ecosystem for new ventures to thrive. The trade body made the observations during a focus group discussion on "Connecting Innovative...

Hezbollah, Israel truce begins after nearly 14 months of fighting

JERUSALEM, Nov 27 (AP): Israel and Lebanon-based Hezbollah militants began a ceasefire Wednesday in a major step toward ending nearly 14 months of fighting as a region on edge wondered whether it will hold.Some celebratory gunshots could be heard in parts of Beirut's southern suburbs, battered over the past two...

Call for Malaysia to supply palm oil under G2G

Commerce adviser Sheikh Bashir Uddin has requested the plantation and commodities minister of Malaysia to take steps to supply refined palm oil to Bangladesh under government-to-government (G2G) arrangement.He made the call during his two-day visit to the Southeast Asian country.During a meeting with his counterpart Johari Abdul Ghani, Mr Bashir...

Govt to procure soybean oil, sugar, wheat, lentils

The government Wednesday approved separate proposals for procuring some 5.5 million liters of soybean oil, 60,000 tonnes of fertilizer and 50,000 tonnes of wheat to meet the growing demand of the country, reports BSS.Besides, the government also approved proposals to procure 20,000 tonnes of sugar and 20,000 tonnes of lentil.The...

Dengue claims four more lives-

Four more deaths were reported from dengue in 24 hours till Wednesday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 475 this year, reports UNB.In the recent fatalities, two occurred in Dhaka South City Corporation (DSCC) and two in Barishal division (outside the city corporation).During...

BB approves Tk 30b loan for ICB

Bangladesh Bank has approved a Tk 30 billion loan for the Investment Corporation of Bangladesh, or ICB, to help ease its liquidity crunch and enhance its investment capacity in the stock market, reports bdnews24.com.The decision was communicated to the state-run investment body on Wednesday.While the interest rate has been set...

Orion Group's rejoinder & FE's reply

The Orion Group in a rejoinder, issued on Wednesday, alleged that a report, titled 'HC wants to know legal status of Orion's Obaidul Karim' contained 'multiple inaccuracies' that can 'mislead readers and harm the reputation' of the Group and its Chairman Mr Mohammad Obaidul Karim. Following is the full text...