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

Countrywide strike disrupts transportation of goods

Transport workers enforced an indefinite strike from Tuesday to press home their 11-point demand, badly affecting transportation of goods through the waterways across the country.However, workers of goods, oil and sand-carrying water transports vowed to continue the strike as the government has not yet assured them of meeting their demands.Talking...

Govt to upgrade 3 local airports

The government would upgrade facilities of three local airports, and the Executive Committee of the National Economic Council (ECNEC) approved a project at a cost of Tk 5.67 billion in this regard on Tuesday.The Civil Aviation Authority of Bangladesh (CAAB) would implement the project, covering the Shah Makhdum Airport in...

Covid casualties approach 6,000

Eighteen more people died from coronavirus on Tuesday after the government reported 1,380 new Covid-19 cases during the last 24 hours.This has pushed up the number of casualties to 5,699 since the virus was first detected in Bangladesh in March last. Of the fatalities, 14 were males and four females.Some...

BB relaxes unclassified consumer loans provisioning

The central bank has significantly cut provisioning against unclassified loans of all categories under consumer financing, excluding house finance aiming to expedite the flow of consumer loans in the banking system. Now the scheduled banks will have to maintain 2.0 per cent general provision instead of 5.0 per cent earlier...

Quality statistics imperative to frame effective policies

Quality and timely statistics on different sectors is required to formulate effective policies for uninterrupted progress of the country, speakers observed at a programme on Tuesday.Integration of latest technology is needed for better analysis of statistics which will help policymakers to have more clear idea of a particular issue, they...

Govt releases Tk 2.75b loan to pay dues

The government has released more than Tk 2.75 billion as operating loan to pay workers' arrears of two closed state-owned jute mills, officials said.They are Crescent Jute Mills Co. Ltd and Rajshahi Jute Mills.Fifty per cent of arrears will be paid to workers' bank accounts and the remaining through three-monthly...

Nixon Chy gets eight-week anticipatory bail

The High Court on Tuesday granted anticipatory bail for eight weeks to independent lawmaker from Faridpur-4 constituency Mujibur Rahman Chowdhury, well known as Nixon Chowdhury, in a case filed on charge of violating the election code of conduct during the Charbhadrasan Upazila Parishad by-election. The High Court bench of Justice...

Indian daily cases drop below 50,000 for 1st time in 3 months

The global tally for confirmed cases of the coronavirus that causes Covid-19 climbed above 40.75 million on Tuesday, according to data aggregated by Worldometers, while the death toll rose above 1,124,519. The US has the highest case total at 8.4 million and deaths at 225,269, report agencies. Brazil has the...

DU decides not to hold admission tests online

The Dhaka University (DU) authorities have decided not to hold the upcoming admission tests online for the 2020-2021 academic sessions.The admission tests may be held division-wise, depending on the Covid-19 pandemic situation.The decision was taken in a meeting of the deans' committee held on Tuesday with DU Vice-Chancellor Prof. Dr....