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

99pc ridesharing drivers defy traffic rules: Survey

Ninety per cent drivers engaged in app-based ridesharing services in the city do not follow traffic rules properly, said a survey. According to the survey conducted by Mobile phone Subscribers' Association of Bangladesh, 99 per cent of the drivers violate traffic rules and 25 per cent of them do not...

Loan default becomes ‘business model’

Loan default has become a 'business model' in the country as borrowers who defaulted on loans believe that they can manage to escape the situation, eminent economist Prof Rehman Sobhan said on Monday. The amount of defaulted loans keeps multiplying over the last four decades, he mentioned. "…and now it...

Govt steps up market monitoring to rein in prices of essentials

The government has intensified market monitoring to keep prices of essential commodities stable during the upcoming holy month of Ramadan, officials said.The commerce ministry has recently deployed two more market monitoring teams for the month of fasting, in addition to two teams that have been monitoring the markets in the...

Two suspects die in RAB raid on ‘militant hideout’ in city

At least two suspected militants died during a RAB raid on their hideouts at Basila in Mohammadpur on the outskirts of the city, reports bdnews24.com.The elite force surrounded the house in the area around 3.00am on Monday, according to RAB-2 Company Commander Md Mohiuddin Farooqi."At least two persons were killed....

BSEC decides to review some provisions

The securities regulator decided on Monday to take several steps for the betterment of the stock market. The steps included reviewing the existing provision for requirement of holding of minimum shares (2.0 per cent) for becoming sponsors directors of any listed companies.The Bangladesh Securities and Exchange Commission (BSEC) also decided...

Fazle Fahim new FBCCI president

Apex trade body FBCCI has named Sheikh Fazle Fahim as president for the 2019-2021 term, reports bdnews24.com.Md Ali Ashraf, MP, Chairman of the FBCCI Election Board, officially announced the names of the new office bearers on Monday after the candidates were elected unopposed.Fazle Fahim representing the Gopalganj Chamber of Commerce...

Non-food inflation rose in Q2, FM tells JS

Finance Minister AHM Mustafa Kamal admitted on Monday that non-food inflation in the second quarter of the current fiscal increased, but the food inflation decreased, reports UNB.He made the statement while placing the report on budget implementation progress of the second quarter, the trend of income and expenditure, and macroeconomic...

66 cos to get export trophy for 2016-17

A total of 66 companies will be awarded the National Export Trophy 2016-17 for their outstanding performance in the export sector, according to the commerce ministry."The companies have been selected for the export trophy on the basis of their export performance," a commerce ministry official told the FE.Gold, silver and...

WB takes centre stage in Indian polls phase four

KOLKATA (Reuters): India's battleground state of West Bengal took the center stage in the fourth phase of a staggered general election on Monday after clashes broke out between supporters of Prime Minister Narendra Modi's party and a regional bloc.More than 128 million people are eligible to vote in this round...