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

Ginger output stuck at 80k tonnes

Production of ginger has almost been stagnant at around 80,000 tonnes for the last one decade, while demand for the important and herbal spice has surged five times by this time, said insiders.The rocketing demand has been forcing the country to import 0.5-0.6 million tonnes of ginger worth billions of...

Dollar-duty whammy harms fruit import

The prevailing dollar crunch, coupled with the recently increased regulatory duty, has stood in the way of importing many types of fresh fruits in recent times.Even after providing 100-per cent LC (letters of credit) margin, fruit importers cannot open LCs as desired due to dollar crunch in the banking sector.They...

Keeping the tradition alive:

The passion for kite-flying still remains strong among the residents of old Dhaka and it is felt during the Poush Sankranti (the last day of Poush, a month in the Bengali calendar), or Sakrain, a tradition which remains incomplete without kite-flying. As the day will be celebrated today, young people...

Specialised SIMs for foreign tourists by February-end

A specialised type of SIM cards for tourists is going to be introduced by the end of next month to facilitate smooth staying of foreigners while visiting the country. The Bangladesh Telecommunication Regulatory Communication (BTRC) has finalised the guidelines in this regard and instructed the mobile operators to get prepared...

BB set to announce new monetary policy

Bangladesh Bank (BB) is going to announce a new monetary policy tomorrow (Sunday) in line with the advice of the International Monetary Fund (IMF), reports UNB.Bangladesh requested the IMF for a loan of $4.5 billion last July, and the global lending agency agreed to give it to Bangladesh subject to...

Mob lynches two robbers to death in Cumilla

Cumilla, Jan 13 (UNB): Angry mob lynched two robbers to death and left another one critically injured in Cumilla's Muradnagar early Friday, police said.However, the identities of the deceased could not immediately be confirmed.After the recent series of robberies in Palasuta village and surrounding areas, villagers are keeping a vigil...

Govt plans to use nanotech for ensuring road safety: official

DHAKA, Jan 13 (BSS) : The government is going to take a pilot project for using nanotechnology in construction of roads for ensuring road safety with a view to implementing the Sustainable Development Goals (SDGs) by 2030, reports BSS.Under the project, the government will use "acrylic polymer", a state of...

Hike in retail power tariff is less than in developed countries: Info Minister

The electricity tariff in Bangladesh hiked by 5 percent at the retail level is still less than that of many developed countries, said Information Minister Hasan Mahmud on Friday, reports UNBA slight increase in electricity tariff is proposed to adjust the subsidy borne by the government, he told the reporters...

Bangladeshi firms get huge response in 'Heimtextil 2023'

GERMANY, Jan 13 (BSS): Bangladeshi companies witnessed huge responses from buyers at the Heimtextil 2023' and the representatives of the companies were busy during the show with trade inquiries from Europe and other countries across the world.With 2,400 exhibitors from over 120 countries, Heimtextil 2023 organised by Messe Frankfurt, one...