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

BB cuts all-in-cost ceiling to 3pc

The Bangladesh Bank (BB) has lowered the all-in-cost ceiling on short-term trade finance to the benchmark rate plus 3.0 per cent from 4.0 per cent, aiming to bring borrowing costs in line with global market trends.Under the revised rule, the borrowing cost for short-term permissible trade finance in foreign currencies...

2nd Padma Bridge planned at Daulatdia-Paturia

The government is planning to construct a second Padma bridge to be located at the Daulatdia-Paturia point, with the feasibility study for the project already completed."Yes, planning has been taken… we are thinking about it and discussions are continuing," Road Transport and Bridges Minister Shaikh Rabiul Alam said on Monday...

Govt plans to privatise state-run silk factories for revival, says PM

The government is considering handing over the state-owned silk factories to the private sector as part of its efforts to revive Rajshahi's traditional silk industry, Prime Minister Tarique Rahman has said. The issue came up during the prime minister's meetings with leaders of the Bangladesh Knitwear Manufacturers and Exporters Association...

PM urges police to stay united

Prime Minister Tarique Rahman on Monday urged police personnel to rise above ideological differences and work together in national interest.He made the call during a meeting with senior police officials on the third floor of the Prime Minister's Office in Tejgaon, PM's Press Secretary AAM Saleh Shibly said, reports UNB."This...

DMP to shift to fully automated traffic fines in 6 months

Dhaka Metropolitan Police hopes to introduce fully automated traffic cases on Dhaka roads within the next six months, reducing the need for manual cases filed by sergeants or traffic inspectors, reports bdnews24.com.DMP Acting Commissioner Md Sarwar said any violation of traffic or motor transport laws would automatically trigger a digital...

BD 'can't be intimidated' with barbed-wire fencing

Bangladesh is "not afraid of barbed wire," Dhaka responds after newly elected West Bengal chief minister Suvendu Adhikari announced plans to accelerate fencing along the India-Bangladesh border."There is no longer any scope to intimidate a country like Bangladesh with barbed wire," says the foreign affairs adviser to the prime minister,...

Steps taken to address challenges

The government considers rain, last-minute garment workers' rush, transportation of 10 million sacrificial animals along with 15 million homebound passengers among other challenges to be addressed for ensuring smooth and secure journey during the upcoming Eid-ul-Azha holiday. Rail, Road Transport and Shipping Minister Shaikh Rabiul Alam shared the challenges at...

Six more children die as measles toll reaches 415

At least six more children died from measles and measles-like symptoms in the 24 hours until 8:00am on Monday, raising the total death toll to 415 since mid-March this year, according to health authorities.Of the total fatalities, 65 were confirmed measles cases, said the Directorate General of Health Services (DGHS)...

Govt firm on zero tolerance against illegal migration

Bangladesh has pledged a "zero- tolerance" approach to irregular migration following the recent deaths of Bangladeshi migrants attempting to cross the Mediterranean Sea on the perilous Libya-Italy route, as officials warn that Europe's asylum rules are set to become significantly tougher from next year.The warning came during a high-level meeting...