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

A two-year strategy to cure economic ills underway

A strategic crash programme is being framed to tackle mounting economic vulnerabilities like persistently high inflation, rising unemployment, declining household incomes, growing poverty and weak governance in the financial and institutional sectors.Officials say the General Economics Division (GED) of the Planning Commission is to implement the two-year short-term strategy, incorporating...

TU of only 20 factory workers risks outsider troubles: BEF

Employers worry that strong-arm fresh labour-law rules are being "imposed" overriding earlier tripartite agreements, sidelining both employers and workers who are the principal stakeholders in the labour market, which could create industrial unrest.Bangladesh Employers' Federation (BEF), along with several major sectoral associations, vented such concerns in a joint statement issued...

Mandatory 40pc local value addition spurs textiles rebound

Bangladesh looks poised to reap multiple benefits from the resolution of US tariff issues as mandatory higher local value addition to exports spurs textiles rebound while pared-down duty on apparel promises its trade expansion. Industry insiders appear upbeat about textiles pickup following the United States government-set requirement of 40-percent local...

ACC seeks Interpol Red Notice for Hasina, Joy arrests

The Anti-Corruption Commission (ACC) asked the police to enforce arrest warrants against deposed former Prime Minister Sheikh Hasina and her son Joy by initiating procedures through Interpol Red Notice alert.In a letter signed by ACC Deputy Director (Legal and Prosecution-2) MA Rashedul Hasan and issued on September 3, the anti-graft...

One more bank espouses merger, another shuns bailout

Crisis-ridden Global Islami Bank (GIB) also accepts the mergers and acquisitions (M&A) option while Social Islami Bank Limited (SIBL) now disagrees to espouse such bailout package launched by the regulator for banking-sector revamp.Instead of embracing the M&A recipe, SIBL sought time from the central bank for turnaround from its severe...

SC upholds acquittal of Tarique, Babar, all others

The Appellate Division of the Supreme Court (SC) on Thursday upheld a High Court verdict acquitting BNP Acting Chairman Tarique Rahman, former state minister for Home Affairs Lutfozzaman Babar, and all other accused in two cases over the 21 August grenade attack.A six-member bench of the Appellate Division, headed by...

HC issues rule on BB's power of merging banks, NBFIs

The High Court issued a rule on Thursday asking relevant authorities to explain why specific provisions of the "Bank Resolution Ordinance 2025" empowering the central bank to merge several banks and non-bank financial institutions (NBFIs) should not be declared unconstitutional.The provisions of the ordinance empower the Bangladesh Bank to merge...