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

Textile makers in tight corner as imports inundate

Local spinners, weavers and processing millers alleged that illegally marketed textile goods are taking a heavy toll on local manufacturers ahead of Eid-ul-Fitr.They said the local market is flooded with imported yarn, fabric, clothes and other materials through misuse and misdeclaration of the duty-free benefit.The government now plans to raise...

Find ways to maintain GDP growth, says PM

Prime Minister Sheikh Hasina urged the researchers and scientists to identify possible areas where the government can invest for development, reports UNB. Scientists and researchers have responsibilities to find out sustainable ways to maintain Bangladesh's current economic and GDP growth, Hasina said Wednesday. "Our work is with the water, air...

India on high alert as polls begin today

NEW DELHI, April 10 (Agencies): India went on high security alert Wednesday ahead of the start of its marathon election Thursday, after a campaign dominated by Prime Minister Narendra Modi's leadership that has focused on keeping the country safe from attack.A bomb blast Tuesday blamed on Maoist rebels killed five...

Franchise-based city bus services by 2020

The capital is likely to get modern buses on 22 routes under six companies by the end of next year through withdrawal of hundreds of shabby buses from the city streets.A time-bound plan with the target of providing improved commuter service was placed during a meeting of the special committee...

Tenth span of Padma Bridge installed

The tenth span of the Padma Bridge has been installed, making a 1.5-kilometre stretch of the main structure visible, reports bdnews24.com.The span was placed on piers 13 and 14 at the Mawa end around 12:30pm on Wednesday, said Md Humayun Kabir, deputy assistant engineer at Bridges Division.A floating crane carried...

NZ MPs vote to change gun laws

New Zealand's parliament has voted to ban all types of semi-automatic weapons and assault rifles following the Christchurch attacks, reports Reuters.The gun reform bill passed 119-1 after the final reading in parliament. It is expected to become law within the next few days after receiving royal assent from the governor...

DU puts restrictions on Pahela Baishakh celebrations

The Dhaka University (DU) central committee on Pahela Baishakh celebration has put several restrictions on the celebrations on the campus. At a meeting on Wednesday, the committee issued the restrictions -- all kinds of programmes on the day must end by 5:00pm and wearing masks and carrying bags are not...

Court puts principal on remand, OC withdrawn

FENI, Apr 10 (UNB): A court here placed on Wednesday Sonagazi Islamia Senior Fazil Madrasa principal Sirajuddoula on a seven-day remand.Two other people were placed on five-day remand each in a case filed over the arson attack on a female student. The other accused are Abser Uddin, lecturer of English...