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

External sector shows sign of recovery in H2

Current-account balance-to-GDP (gross domestic product) ratio improved during the second half (H2) of 2018 compared to the same period a year earlier.This means the country's export growth shows sign of upturn while import growth is decaying.Such as ratio has been fluctuating during the last couple of years, according to the...

JICA frets over delay in land acquisition

A delay in acquiring the land for the cross-border road network improvement project has disappointed its Japanese financier.The Japan International Cooperation Agency (JICA) has expressed its concern over the slow pace of the project's implementation although all the contract packages have been completed.JICA in separate letters to Prime Minister's Office...

US extra tariff on Chinese products may not benefit Bangladesh: BGMEA

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) said on Monday the US government's additional tariff on imports from China is unlikely to serve as an advantage as it is expected for Bangladesh, reports UNB."The additional tariff will have an impact on China's clothing trade with the USA, but there're other...

UN expert 'fears for civilians' after Internet shutdown in Myanmar

YANGON, June 24 (Agencies): An unprecedented shutdown of mobile data across swathes of Myanmar's restive Rakhine state entered a third day Sunday, blocking villagers from the internet in areas where the army is accused of abuses in its battle with ethnic rebels.Myanmar's Ministry of Transport and Communications (MoTC) ordered all...

Death toll from Moulvibazar train crash rises to seven

MOULVIBAZAR, June 24 (UNB): The death toll from Sunday night's train crash at Baramchal in Kulaura upazila here rose to seven.Police recovered the seven bodies, including three of women and four of men, locals said.Over 200 passengers were also injured in the fatal train accident.However, the rise in the death...

1.45m cash transactions in Mar reported

Bangladesh Bank (BB) did not find any terror or money-laundering links with more than 1.45 million cash transactions in March this year.The Bangladesh Financial Intelligence Unit (BFIU) received over 1.45-million cash transaction reports (CTRs) in March 2019 and some 263 suspicious transaction reports (STRs) in May from scheduled banks.The reports...

Why there will be graft despite salary rise, HC questions

Questioning why there will be corruption and bribery even after doubling the salaries of government officials and employees, the High Court said on Monday there must be an end to the menace, reports UNB."Corruption can in no way be allowed," the HC bench of Justice Md Nazrul Islam Talukder and...

BNP candidate Siraj wins Bogura-6 by-election

BOGURA, June 24 (BSS): BNP nominee Golam Mohammad Siraj won the by-polls to Bogura-6 constituency, according to unofficial results.He bagged 89,742 votes while his nearest contestant Awami League nominee T Zaman Niketa got 32,297 votes. Jatiya Party candidate Nurul Islam Omar secured 7271 votes.Returning Officer Mahbub Alam Shah announced the...

Qatar announces $3.0b investment in Pakistan

ISLAMABAD: Cash-starved Pakistan on Monday secured another bailout package of $3.0 billion from Qatar, bringing total loans by four friendly countries to nearly $16 billion in almost one year, reports the Express Tribune.Adviser to Prime Minister on Finance Dr Abdul Hafeez Shaikh made the announcement through his Twitter handle."I want...

IS captives 'must be tried or freed': UN

The UN says tens of thousands of Islamic State fighters and family members being held in Iraq and Syria must be tried or released, reports BBC.Human rights chief Michelle Bachelet also called on countries to take responsibility for their citizens and take them back if not charged.The last IS strongholds...