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

Now PCBs to get state guarantee against LCs to import essentials

Like state-owned commercial banks (SoCBs), the government has decided to issue state guarantees in favour of private commercial banks (PCBs) too to facilitate import of essential commodities, aiming to ensure smooth supply of such items in the local market, sources said.However, such security will be provided in local currency only...

Banks' un-invested cash wanes again after buildup

The volume of un-invested cash in the banking sector dropped again after a significant buildup following direct credit feeding by the central bank to revive the liquidity-starved commercial banks.Commercial banks normally keep a portion of liquidity in their vaults to meet day-to-day financing needs of the depositors, which is being...

Metro rail sets new ridership record

The popularity of Dhaka's metro rail continues to surge breaking another records with highest ridership of over 400,000 on Thursday.Despite the rising demand, the metro rail company has been unable to increase train operations or reduce headway times.According to Dhaka Mass Transit Company Limited (DMTCL), a record 403,164 passengers used...

Tenders reissued for 3 spot LNG cargoes

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has re-issued tenders to purchase three spot liquefied natural gas (LNG) cargoes for March 05-06 and March 10-11 delivery windows.State-run Petrobangla will buy one LNG cargo for March 05-06 and two LNG cargoes for March 10-11 delivery windows, a senior RPGCL official said.The...

RMG industry lacks full database of workers

The readymade garment industry is believed to have created employment for some 4.0 million workers in the country, but there is no comprehensive database to support the figure.Mapped in Bangladesh (MiB) - an open apparel registry -has recently revealed that there are a total of 3,555 export-oriented RMG factories across...

Judge orders US to restore funds for foreign aid

NEW YORK, Feb 15 (Reuters): A federal judge ordered the administration of US President Donald Trump to restore funding for hundreds of foreign aid contractors who argued that they were negatively impacted by a 90-day blanket freeze, a court filing showed late on Thursday.The order temporarily blocks the Trump administration...

Trader, his sister injured in city shooting

A trader and his sister were shot and injured in front of the latter's house in Pallabi area of the capital early Saturday. The victims were identified as Md Jasim Uddin (44) and his sister Shahinur Begum (32), according to a police official of Pallabi Police Station.Jasim Uddin said he...

Holy Shab-e-Barat observed -

The holy Shab-e-Barat, the night of fortune, was observed throughout the country with due religious fervor and devotion last night, reports BSS.On the occasion, the Islamic Foundation (IF) chalked out programs at the Baitul Mukarram National Mosque on Friday.Under the IF initiative, Waz (religious sermons), doa-mahfils, special prayers, recitation from...

Students seeking to enroll at Dhaka University for the 2024-25 academic year

Students seeking to enroll at Dhaka University for the 2024-25 academic year leave Curzon Hall after taking the admission tests under the Science Unit on Saturday. — FE Photo

46pc of decisions from 2024 DCs’ confce implemented

Only 46 percent of the decisions made at the 2024 Deputy Commissioners (DCs) Conference have been implemented, Cabinet Secretary Sheikh Abdur Rashid has said, reports UNB.He mentioned that a total of 381 short-, medium-, and long-term decisions were made during last year's conference. "Of these, 177 decisions have been implemented,...

Padma water declining fast than previous time

RAJSHAHI, Feb 15 (BSS): Water flow of the Padma River is declining abnormally with its mainstream and tributaries drying up, impacting the environment in the drought-prone Barind tract.Experts said the entire northern and southern regions of the country, particularly the vast Barind tract, are facing an ecological disorder due to...

Rickshaw puller found dead in Gazipur

Gazipur, Feb 15 (UNB): Driver of a battery-run rickshaw was found dead at Hotapara in Gazipur district on Saturday.The deceased was Russel Bepari, 12, son of Abdul Kadir of Rudrapur Boherar Chala village in Sadar Upazila.His father said that Russel used to return home by 7pm but he did not...

City house catches fire

An incident of fire happened at a house at Kamalbag in the capital's Islambag area on Saturday. However, there was no report of casualties.An official at the fire service office told the FE that they received information of the fire at 3:15 pm. Eight units of fire-fighters rushed to the...

477 more arrested under Operation Devil Hunt

The joint forces arrested 477 people across the country under Operation Devil Hunt in the last 24 hours until Saturday afternoon.According to the police headquarters, a total of 4,401 people have so far been arrested since the launching the Operation Devil Hunt on February 8, 2025.Apart from arresting 477 under...

Body of 35-year-old found hanging

Police on early Saturday recovered the body of a young man hanging from the ceiling in Dania area in the capital. The deceased was identified as Md Rizu Mia (35). A police official at Kadamtoli Police Station said acting on a tip-off, they rushed to a house near Dania AK...