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

S Korean Posco exits block

Bangladesh's deep sea has turned 'idle' again in terms of hydrocarbon exploration as the maiden deal with South Korean Posco International has become void.With the exit of Posco from block DS-12, the country's oil and gas exploration activities in offshore areas are now limited to only several shallow water blocks...

Zia behind Aug 15 killings, Khaleda involved in Aug 21 attack, says PM

Prime Minister Sheikh Hasina on Sunday renewed her allegations that Khaleda Zia was involved in the August 21, 2004 grenade attack as her husband Ziaur Rahman was behind the August 15, 1975 killings, reports UNB."Ziaur Rahman was involved in the killings of the Father of the Nation, four national leaders...he...

Global deaths top 809,445

The number of coronavirus infections in India crossed the 3 million mark with 69,239 new cases reported on Sunday even as the country opened up various sectors from a lockdown that ground businesses to a halt and hurt economic growth, report agencies. With the fifth straight day of more than...

Japan to fortify BD's food value chain

Japan will provide necessary technical and credit support to improve food value chain of Bangladesh through expanding processing and marketing of agricultural products.The Japan International Cooperation Agency (JICA) under a Tk 8.82-billion project under industries ministry will provide technical support and loan with soft interest.The organisations and entrepreneurs engaged in...

Govt plans to buy vaccine in cash too

Apart from the global vaccine alliance, GAVI, Bangladesh has also planned to collect Covid-19 vaccine through cash payments to other manufacturers, officials have said.The health ministry at a recent meeting has asked the officials concerned to take steps for buying the vaccine from the possible manufacturers to boost immunity against...

Govt's target to raise tea production to 140m kg by 2025

The government has set a target to increase tea production to 140 million Kg by 2025, aiming to meet the country's growing demand and increase its exports, commerce minister Tipu Munshi said on Sunday.Required research works have to be intensified and the number of tea gardens has to be increased...

CAB legal notice seeks to stop 'illegal' power bill collection

A legal notice was served on Sunday on the respondents to stop collection of 'illegal' arrear electricity bills from the consumers for the months of March to May, 2020 by the electricity distribution authorities as those were prepared in violation of the Rules of Bangladesh Energy Regulatory Commission Act, 2003.The...

REB cuts off power supply in flood-hit areas

The Rural Electrification Board (REB) has cut off power supply to 10,950 clients in flood-affected Khulna and Satkhira districts to prevent any accident.According to an REB press statement issued on Sunday, it has temporarily shut down electricity in flood-hit areas for safety reason as rising floodwater level may cause accident...

New app launched to raise wheat, maize output

The government has launched a new mobile-based app to promote wheat and maize production in the country further.The app, 'Gom O Bhutta Totho Vandar' (wheat and maize information store), was inaugurated by agriculture minister Mohammad Abdur Razzaque during a meeting on evaluation of annual development programmes (ADP), at the Secretariat...

A beggar wears a mask

A beggar wears a mask as a woman helps him cross the city's Bijoy Sarani on Sunday, reflecting his awareness about the use of health safety gear amid the Covid-19 pandemic — FE photo by KAZ Suman

Container carrying ship tilts at Ctg port

CHATTOGRAM, Aug 23: A Panama flag carrier ship loaded with containers tilted to its one side at jetty number 11 of Chittagong sea port this morning.No injury has been reported.Port sources said, the ship named OEL Hind loaded with 964 containers, including FCL containers, tilted around 10 degrees to the...