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

Bond mkt big source of funding

High issuance cost coupled with the lack of an effective secondary bond market and the required level of financial literacy remains the key hurdle to overcome in building a vibrant fixed income market in the country, says a keynote paper.It also says absence of benchmark indices and some unresolved issues...

Woman dies in Dhanmondi building fire

A woman who fell sick after breathing in smoke when a fire broke out in a high-rise in the Dhanmondi area died on Saturday morning, reports UNB.The unidentified victim, who appeared to be around 65 years old, was taken to Dhaka Medical College Hospital. Firefighters rescued her and Shaheda, 12,...

Blockchain tech 'safer, to cut cost of financing'

FE REPORT Bangladesh should adopt blockchain technology in the financial sector as it is still evolving and it is the future, said one of the country's top IT professionals on Saturday."Blockchain is an evolving technology, we really should be using it at this level," said Habibullah N Karim, founding secretary...

S Arabia deports 200 Bangladeshi workers

Many of the 200 Bangladeshi workers forcibly sent back from Saudi Arabia on Friday night said they were deported despite having legal documents, reports UNB.A flight carrying them landed at Hazrat Shahjalal International Airport around 11:30pm, said Md Shariful Islam, who heads BRAC Migration Programme.BRAC provided them food, water and...

BCB to sue Shakib

Bangladesh Cricket Board (BCB) said on Saturday they would take legal action against star all-rounder Shakib Al Hasan for allegedly breaching his contract to sign a sponsorship deal with a top mobile phone operator, reports AFP.Shakib inked on Tuesday the agreement with former national team sponsor Grameenphone for an undisclosed...

Probe body submits report over Bhola incident

BHOLA, Oct 26 (UNB): The probe committee formed by the district administration has submitted its report over the clash between police and locals that left four people dead in Borhanuddin upazila. Probe committee chief and Local Government Division Deputy Director Mamudur Rahman submitted the report to deputy commissioner Mohammd Musud...

Farm credit disbursement picks up

Farm credit disbursement grew by nearly 2.0 per cent in the first quarter (Q1) of fiscal year (FY) 2019-20, as demand for such loan started generating after floods.Disbursement rose to Tk 35.55 billion from July to September of FY '20 from Tk 34.94 billion in the same period last fiscal,...

DPDC workers taking a 33KV line underground at Secretariat Link Road

DPDC workers taking a 33KV line underground at Secretariat Link Road in the city on Saturday — FE photo