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

Dr Kamal seeks qualitative change in state system

Underlining the importance of a participatory democracy, Jatiya Oikya Front chief Dr Kamal Hossain said on Monday there should be a qualitative change in how the state will be run, reports UNB."Our sacrifices made in the 1971 Liberation War will go in vain if the state is run like the...

Local company starts coffee plum export

A local company has recently made a shipment of Lukluki (coffee plum) for the first time which, experts believe, will help diversify the country's export basket.The traditional fruit Lukluki, which is also called as Indian coffee plum in English, grows all year round but best quality fruit could be produced...

PD banks for six-month tenure auction calendar

The primary dealer (PD) banks have sought introduction of a six-month tenure auction calendar instead of the existing single-month one to manage fund efficiently.The appeal was made at a review meeting, held at Bangladesh Bank (BB) headquarters in Dhaka on Monday, with BB General Manager Md. Khurshid Alam in the...

Entry-level RMG workers to get Tk 8,000 each

The government has finally set the minimum monthly wage for entry-level workers in the readymade garment (RMG) industry at Tk 8,000.The ministry of labour and employment published the gazette notification in this regard on Sunday. The new wage structure will come into effect on December 1, 2018, it said.The basic...

Tensions soar as Moscow seizes three Ukrainian navy vessels

The European Union has warned tensions between Russia and Ukraine have reached dangerous levels after Russia's coast guard seized three Ukrainian naval ships by force near Moscow-annexed Crimea, report agencies.Ukraine's navy claimed Russians had opened fire and rammed its ships in the Black Sea.In an unprecedented move, Russia confirmed it...

150MW fast-track power plant goes into operation

Midland East Power Ltd (MEPL), a 150-megawatt (MW) furnace oil-fired power project located at Chor Chartola of Ashuganj in Brahmanbaria, kicked off commercial operation on Monday.The plant used state-of-the-art engines manufactured by the engine manufacturing company Rolls Royce, Norway, said a company statement.This power plant will generate and supply electricity...

Maldives says China is building projects at inflated prices

NEW DELHI, Nov 26 (Reuters): Maldives' new finance minister said on Monday that China is executing infrastructure projects at vastly higher prices than originally proposed but the island nation cannot get out of its commitments now. President Ibrahim Mohamed Solih's administration, which took office this month, is reviewing contracts awarded...

Partisan slogans from govt letterheads must go: Oikyafront

Jatiya Oikyafront urged the Election Commission on Monday to remove all the partisan slogans like 'Democracy of development, main mantra of Sheikh Hasina' from the letterheads used for writing government letters, reports UNB.Bijon Kanti Sarkar, BNP's advisory council member, submitted a letter, on behalf of the Oikyafront, to EC Secretary...

Ex-AL leader Prof Abu Sayeed joins Oikya Front

Former Awami League leader Prof Abu Sayeed joined the Kamal Hossain-led Gono Forum ahead of the 11th parliamentary election, reports bdnews24.com.He joined the party and the opposition Jatiya Oikya Front alliance after meeting with Gono Forum General Secretary Mostafa Mohsin Montu on Monday."He joined the Gono Forum only a little...