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

Soybean oil still pricey as supply remains elusive

Supply of branded bottled soybean oil still remains disrupted, allowing fake companies to capitalise on the situation.Meanwhile, rice and broiler chicken prices increased further last week, battering the consumers.Rice prices are higher amid the peak Aman harvesting season. It is now the peak season and newer rice varieties are being...

Take action-oriented initiatives, harness technology

CAIRO (Egypt), Dec 20 (UNB): Highlighting how the 'world of work' is evolving fast, Chief Adviser Prof Muhammad Yunus has urged the D-8 member states to undertake action-oriented initiatives including harnessing technology and re-invent 'learning'.He also encouraged the youths to emerge as agile entrepreneurs by reshaping and further developing their...

Ministry's plea for Tk 80b govt bond

Industries ministry has requested finance ministry to issue Tk 80 billion worth of government bond to adjust state-run sugar mills' liabilities to six banks, according to officials concerned.The Bangladesh Sugar and Food Industries Corporation (BSFIC) owes Tk 69.50 billion to five state-run banks (Sonali Tk 41.65 billion, Janata Tk 14.65...

IFC prods govt for nod to local bond launch

The International Finance Corporation (IFC) has sought final approval from the government on Bangladesh Taka (BDT)-denominated bonds planned for the launch on the local market for industrial-and- business financing, officials said.Country manager of the IFC for Bangladesh Martin Holtmann, in a letter early this month to the Economic Relations Division...

Vehicles fined Tk 430m for breaching traffic rules

Traffic police have realised nearly Tk 430 million in fines from different vehicles for violation of traffic rules during a special drive in the capital, an official said.The Traffic Division of the Dhaka Metropolitan Police (DMP) fined the vehicles by carrying out the drive from mid-August to December 16.Apart from...

Bangladesh Economist's 'Country of the Year 2024'

The Economist, a London-based prestigious magazine, has declared Bangladesh the country of the year for 2024, referring to the "recognition of the efforts of student-led street protests" that toppled an autocratic regime, reports BSS.The prestigious magazine made the announcement on its website on December 19, saying "Our winner is Bangladesh,...

Video of torching houses near Ijtema ground misleading: Rumor Scanner

Bangladesh fact-checking body Rumor Scanner called misleading the video claiming that the houses is set on fire near the Ijtema ground in Tongi, saying the viral fire incident was from Rohingya camp in last June, reports BSS. "The old video footage of the Cox's Bazar Rohingya camp's fire has been...

Chilly winter grips Bangladesh, northern districts hit hard

Bangladesh is reeling under a sharp drop in temperatures, with northern districts like Kurigram facing the harshest conditions, reports BSSOver the past week, temperatures have hovered between 11°C and 13°C, with the mercury dipping further at night amid dense fog and biting cold.The Bangladesh Meteorological Department (BMD) has warned of...

8 dead as chemical-laden truck hits other vehicles near petrol pump in India's Jaipur

At least eight people have been killed and more than 40 others injured after a truck carrying chemicals hit other trucks and caught fire outside a petrol pump in India's Jaipur.The incident took place on the Jaipur-Ajmer highway in the Bhankrota area on Friday, Indian broadcaster NDTV reports.At least 28...