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

ECNEC okays Tk 3.37b land database project

The government will prepare a digital database for ensuring a transparent land management system, as it approved a Tk 3.37-billion project in this regard on Tuesday.Presided over by Prime Minister (PM) Sheikh Hasina, the Executive Committee of the National Economic Council (ECNEC) endorsed the project along with three others at...

Govt seeks more aid from dev partners

The government has sought extended financial support from the development partners for implementing the upcoming 8th five-year plan (FYP) to uplift employment and cut poverty to below 16 per cent, officials said.It sought Tk 8.09 trillion as a total of Tk 64.155 trillion (US$ 755 billion) would be required for...

Country starts consuming spot LNG

Bangladesh has started consuming spot LNG (liquefied natural gas), taking benefit of lower oil and natural gas prices globally.The first cargo, carrying 138,000 cubic metres of lean LNG, reached Moheshkhali LNG terminal in Cox's Bazar on Friday night, and completed unloading the fuel on the following day.Re-gasified spot LNG entered...

Lack of tech, infrastructure main causes of food loss, say experts

Experts at a webinar on Tuesday said Bangladesh incurs food loss during production, handling and storage stage mainly due to lack of technology, infrastructure and awareness opposite to developed nations which havemore food waste at retail and consumption stage. The Food and Agriculture Organisation (FAO) data of 2012 showed that...

Kuwait's ruler Emir Sheikh Sabah dies

Kuwait's ruling Emir Sheikh Sabah al-Ahmad al-Sabah has died, his office said in a statement read out on state television on Tuesday, reports Reuters.Sheikh Sabah, 91, had ruled the Gulf Arab oil producer and US ally since 2006 and steered its foreign policy for more than 50 years. His designated...

'Alternative' investing made easier

The central bank has cut the 'risk weight' for banks to invest in 'alternative' investments.An alternative investment is an investment in any asset class, excluding stocks, bonds, and cash. The risk weight for maintaining balance sheets of banks was slashed by 50 per cent to 100 per cent.The Bangladesh Bank...

Stranded migrants may fail to return to KSA

Saudi-bound stranded Bangladeshi workers in multitudes may fail to return to worksites in the oil-rich country as their visa will not be renewed automatically, insiders have said.The validity of visa for Saudi-bound workers expires today (Wednesday), but many of them could not contact their kafils (sponsors) for procedure seeking visa...

PM for 'well-coordinated roadmap' to face Covid

Prime Minister Sheikh Hasina Tuesday stressed the need for formulating a "well-coordinated roadmap" and urged the United Nations (UN) to play a "catalytic role" to combat Covid-19 crisis as she placed a six-point proposal to this end, reports BSS."We need a well-coordinated roadmap to face COVID-19 crisis. The 2030 Agenda,...

HC forms three-member probe committee

The High Court on Tuesday formed a three-member inquiry committee to probe into the incident of the gang-rape of a woman at Murari Chand (MC) College in Sylhet on last Friday. Committee comprising Judge of the Nari O Shishu Nirjatan Domon Tribunal in Sylhet, chief metropolitan magistrate of Sylhet and...

BD to get $3.0m ADB grant for Covid vaccine

The Asian Development Bank (ADB) would provide US$3.0 million in grant for procuring urgent medical supplies including vaccine for the coronavirus disease.To this effect, the Manila-based lender and the Economic Relations Division (ERD) signed an agreement on Tuesday.ERD Secretary Fatima Yasmin and ADB Country Director Manmohan Parkash virtually signed the...

Govt to provide $10 million export grant

The government under a scheme would provide US$ 10 million as grant to diversify and boost country's export, reports BSS.To this end, Commerce Ministry's Export Competitiveness for Jobs (EC4J) Project with the support of World Bank (WB) is seeking applications from prospective firms for the grants to be used to...

Govt fixes rice prices

The government has fixed rice prices following a slight hike in the retail market.The mills will now have to sell fine quality Miniket rice at Tk 2,575 a sack of 50 kg and medium quality at Tk 2,250 in line with the new prices, reports bdnews24.com.Food Minister Sadhan Chandra Majumder...

With monsoon at its peak

With monsoon at its peak, nurseries offer a variety of saplings. The photo shows a plant lover buying saplings from a roadside nursery on the Dhaka University campus on Tuesday — FE photo by Shafiqul Alam

City Corporation is conducting drives to remove overhead TV and internet cables

While the Dhaka South City Corporation is conducting drives to remove overhead TV and internet cables, a section of cable TV operators and internet service providers installing cables anew. The photo was taken in Ramna area in the city on Tuesday — FE photo by KAZ Sumon