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

ECNEC okays eight projects at Tk 51.42b

The Executive Committee of the National Economic Council (ECNEC) rejected a Tk 4.52-billion cost project to procure Diesel Electric Multiple Unit (DEMU) trains, as the trains are not functioning well.The ECNEC also turned down a Tk 1.20-billion project for construction of stadiums in six selected upazilas.Presided over by Prime Minister...

Ershad finally laid to rest in Rangpur

RANGPUR July 16 (UNB): Jatiya Party Chairman and ex-President Hussain Muhammad Ershad was finally laid to eternal rest on Tuesday at Polli Nibash in his hometown Rangpur, reports UNB.The former military strongman who ruled the country for nine years was buried at the grave dug by his party followers at...

BD gets $6.21b foreign aid, $9.78b pledged in FY ‘19

Bangladesh received foreign assistance amounting to US$ 6.21 billion in the last fiscal year (FY), 2018-19, which was nearly $150 million lower than that of the previous fiscal, official data showed on Monday.In FY 18, the overseas development partners disbursed $6.37 billion as concessional medium- and long-term (MLT) assistance.According to...

Import growth 6.0pc in July-May of FY '19

Country's imports grew by nearly 6.0 per cent in the first 11 months of fiscal year (FY) 2018-19, riding on higher construction material imports, officials said.The actual import in terms of the settlement of letters of credit (LCs) rose to $50.57 billion during the July-May period from $47.79 billion in...

BD to earn double-digit slot in biz index by 2021

The government has set target to reach within a double-digit position in the Ease of Doing Business (EODB) index, although Bangladesh has been almost in the same position over the past few years.The country was ranked 176 in the index in 2019, 177 in 2018, and 176 in 2017, according...

Govt decides to restrict entry of cattle head

The government has decided to restrict entry of cattle heads into the country through the borders to ensure fare prices for local cattle traders during Eid-ul-Azha.The decision came at an inter-ministerial meeting held on Tuesday with state minister for fisheries and livestock Ashraf Ali Khan Khasru in the chair.The meeting...

DCs asked to ensure paddy procurement directly from farmers

Food Minister Sadhan Chandra Majumder directed on Tuesday the deputy commissioners to ensure procurement of paddy directly from farmers to meet the government's target, reports UNB.He made the directives at the first session of the third day of the ongoing Deputy Commissioners' Conference at the Cabinet Division."The government will buy...

Malaysia to lift moratorium on workers in two months

KUALA LUMPUR, July 16: The moratorium on migrant workers from Bangladesh is expected to be lifted next month the soonest, says Human Resources Minister M. Kulasegaran, according to a Bernama report."I hope we can conclude within one or two months of the review on the moratorium that is now in...

Rifat's wife Minni held over his murder

BARGUNA, July 16 (UNB): Aysha Siddika Minni was arrested on Tuesday over the killing of her husband Rifat Sharif.Barugna police superintendent Maruf Hossain made the announcement in the evening, hours after taking in Minni for interrogation in the murder case.Rifat was killed after a broad daylight attack in front of...