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

Call money rate falls slightly after CRR cut

The inter-bank call-money rate edged down slightly on Wednesday, a day after the cut in daily cash reserve requirement (CRR) by 50 basis points, giving more flexibility to the banks for maintaining their CRR.The weighted average rate (WAR) of call money came down to 10.02 per cent on the day...

Ship breakers seek govt steps to extend time by five years

Country's ship breakers and recyclers on Wednesday urged the government to take measures for extending the enforcement schedule of Hong Kong International Convention (HKC) by five years to 2030 so that the local yards can be transformed into green ones.They also demanded long-term financial support to make all the yards...

Labour law being updated matching global standards

Bangladesh's labour law is being updated on "international standards" for improving the living conditions of millions of labourers employed in different sectors.Chief Adviser Professor Yunus issued the instructions to this effect on Wednesday for the officials concerned to get it down as soon as possible, said a spokesperson for the...

CAAB to re-hire chief engr Habib amid graft charges

The Civil Aviation Authority of Bangladesh (CAAB) has decided on a one-year contractual appointment of chief engineer Md Habibur Rahman despite a recent court order for taking departmental action against this "corrupt" man.Habib has been made accused in four corruption cases filed by the Anti-Corruption Commission (ACC).However, the CAAB board...

UN to slash rations to Rohingyas by half to $6 per month

The United Nations will cut food rations to Rohingya refugees in Bangladesh from $12.50 to $6 per month next month after failing to find funds, an official said, raising fears among aid workers of rising hunger in the world's largest refugee settlement, reports Reuters."Yesterday, I was informed verbally, and today...

Dhaka CNG stations shut 2:30-7:00pm in Ramadan

The government has instructed the CNG (compressed natural gas) filling station owners to keep their stations shut from 2:30 pm to 7:00 pm in the capital city during Ramadan in order to ensure smooth supply of natural gas to other consumers, especially the households.The Energy and Mineral Resources Division under...

Moderate quake jolts Sylhet region

SYLHET, Mar 5 (BSS): A moderate earthquake shook Sylhet and its adjacent areas Wednesday morning, according to the Bangladesh Meteorological Department (BMD).The earthquake, measuring 5.6 on the Richter scale, had its epicenter in the Myanmar-India border region, said a earthquake occurrence message issued by BMD Teleprinter Operator Md Golam Mostafa...

US SC won't let Trump withhold payment to foreign aid groups

WASHINGTON, Mar 5 (Reuters): A divided US Supreme Court declined on Wednesday to let President Donald Trump's administration withhold payment to foreign aid organizations for work they already performed for the government as the Republican president moves to pull the plug on American humanitarian projects around the world.Handing a setback...

A portion of a road in the capital's bustling Gulistan area

A portion of a road in the capital's bustling Gulistan area has long been used as a stand, where vehicles, locally known as leguna, are parked illegally, disrupting traffic flow, resulting in long tailbacks. The authorities concerned, however, seem least bothered about it. The photo was taken on Wednesday. —...

Ban bulkhead movement to avoid waterway accidents during Eid journey: SCRF

Shipping and Communication Reporters Forum (SCRF) and the National Committee to Protect Shipping, Roads and Railways (NCPSRR) urged on Wednesday the government to ban movement of sand-carrying vessels (Bulkheads) from March 25 to April 7 to prevent accidents on waterways during the Eid-ul-Fitr journey, reports UNB. The two organisations also...