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

Foreign aid pipeline shrinks 3.99pc in FY 2024-25

The pipeline of foreign aid - funds available for disbursement - narrowed to $42.09 billion in FY25, marking a 3.99-percent fall from the previous fiscal year to hit the lowest level since FY18, according to the latest Economic Relations Division (ERD) report. Although donors disbursed $933 million more than the...

Millers urge expansion of EDF, interest cut to sustain pry textile exports

Primary textile-industry owners have urged Bangladesh Bank to increase the Export Development Fund (EDF) limit and cut its interest rate to help protect the export competitiveness of the country's primary textile sector, which is facing mounting financial and cost pressures.The Bangladesh Textile Mills Association (BTMA) President Showkat Aziz Russell made...

Digitisation, inter-agency coop lapses slow investment proposal execution

Persistent implementation gaps in digitisation and inter-agency coordination continue to undermine trade efficiency and investment execution, belying progress in necessary reforms, officials said Friday about latest findings.A high-level government body in a meeting Thursday noted such drawbacks with concern, despite progress in cutting red tape and speeding up investment decisions.At...

Aromatic rice, non-packaged edible oil prices up

Suppliers have raised the prices of aromatic rice and non-packaged edible oils ahead of Shab-e-Barat and the upcoming Ramadan.The maximum retail price of packaged aromatic rice (Kalijeera, Chinigura) has gone up to Tk 175 per kg from Tk 155-160 a week ago.Juel Rana, a grocer at West Dhanmondi in the...

CPA takes tough stance on strike of port workers

CHATTOGRAM, Jan 30: The Chittagong Port Authority (CPA) has taken a tough stance on creation of any chaos over the court verdict regarding the New Mooring Container Terminal (NCT) of Chittagong port.The CPA issued a circular signed by Omar Faruk, Director (Administration), to this effect. The circular was sent to...

2.1m tonnes of consumer goods await unloading at Ctg port

CHATTOGRAM, Jan 30 (BSS): About 2.1 million (21 lakh) tonnes of consumer goods are currently waiting to be unloaded from 46 ships anchored at the outer area of Chittagong Port, as limited warehouse space and high demand for lighter ships slow down operations.Businessmen have noted a slowdown in unloading imported...

Five-storey building catches fire in city

A fire broke out on the fifth floor of a five-storey building in Chairman Bari area of Banani in the capital on Friday evening, reports UNB.Fire Service officials said the blaze started around 7:05pm in a warehouse that stored cork sheets and hardboard.Four units of firefighters from the Kurmitola and...