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

WB approves $1.16b loans for BD

Bangladesh is receiving another sum of US$1.16 billion in three World Bank loans as the WB Board of Executive Directors Friday approved the funds mainly meant for budget support and ramping up reforms. The funding, including $500 million in budget support, will also go for boosting health-and water-supply services in...

Imports slide amid sluggish business

Import continued to stay stymied, with the November volume valued down at US$5.27 billion, as private-sector businesses struggled on to gather momentum in business activity.Economists say subdued import helps in keeping inflation high and prices exorbitant-an economic cycle with an adverse domino effect that worries Bangladesh's development financiers and consumers...

Adviser AF Hassan Ariff passes away

AF Hassan Ariff, land and civil aviation adviser of the interim government, died of a cardiac arrest on Friday afternoon.He succumbed to the massive heart attack at LabAid Hospital in Dhanmondi. He was 85. Mohammad Nasir Uddin, his personal secretary, said Ariff collapsed while having lunch at home.He was rushed...

Central bank bills receive lukewarm response

A much-vaunted regulatory move to mop up high-powered money from the market receives lukewarm response as commercial banks find the Bangladesh Bank bills not lucrative amid liquidity crunch and high tax on yield, sources said.After the lapse of three years, the regulator restarted operation of BB Bills in a bid...

Restaurant catches fire in Uttara

A fire broke out at a restaurant in Uttara area of the capital on Friday. However, there was no report of casualties in the incident.The fire erupted at Love Leen Cafe and Restaurant located on the ground floor of a six-storey building at Sector 12 in Uttara around 10:38am.On information,...

Activities at brick kilns are going on in full swing

Activities at brick kilns are going on in full swing this winter season. The snap shows a group of workers loading vans with new bricks at a brick field in south Keraniganj, on the outskirts of the capital, on Friday. — FE Photo by Shafiqul Alam