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

After FSIB, Union Bank accepts merger, EXIM declines

Two banks have so far said they are willing to accept the mergers and acquisitions (M&A) bailout but EXIM Bank disagrees to espouse such a sink-or-swim revival recipe launched by the regulator for banking-sector overhaul.The crisis-ridden First Security Islami Bank (FSIB) accepted Tuesday the merger option rolled out by the...

Entrepot MIDA to add $150b to BD GDP

An emergent entrepot from seaside Maheshkhali-Matarbari integrated development project is expected to directly and indirectly create 2.5 million jobs and help expand Bangladesh's GDP by US$150 billion.The popping vista was presented by a delegation of the newly formed Maheshkhali Integrated Development Authority (MIDA) before Chief Adviser Prof Muhammad Yunus on...

SC clears way for holding DUCSU election on Sept 9

The Appellate Division (AD) of the Supreme Court (SC) on Wednesday cleared the way for holding the Dhaka University Central Students' Union (DUCSU) election as per its declared schedule. The apex court upheld until October 30 this year its chamber judge's decision that halted a High Court (HC) directive to...

NBR bifurcation unlikely under interim govt

A smooth sailing of the revenue board-bifurcation ordinance may be hindered by multiple challenges and seems difficult to come into effect in the interim government's tenure.Experts and economists feel the need for legal clarity, cautious moves to frame rules of business, organogram, and terms of references for smooth transition of...

Fugitives can't contest Feb national polls

An individual declared fugitive by the court will not be allowed to contest the next national elections to be held in February next year, Election Commissioner (EC) Abul Fazal Md Sanaullah said on Wednesday. He also said a candidate might lose his office even after getting elected if it is...

Gold hits record high in local mkt

After just two days, the price of gold has risen again. This time, however, gold has reached an all-time high in the country's history. In this round, the price per vori is increasing by BDT 3,444. As a result, the price of high-quality 22-carat gold will rise to BDT 178,832...