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

Govt finalises legal docs of five Islami banks’ merger

The government has finalised the memorandum and articles of association for the proposed "Sammilito Islami Bank" to be formed by merging five shariah-based commercial banks facing severe liquidity crises, officials said.Under the two foundational legal documents recently approved by the Finance Division of the Ministry of Finance, the shares of...

Hopes fade for legal hurdles, interagency conflicts

A much-hyped drive by the post-uprising interim government to recover a cache of stolen assets may not see success during its term as intelligence-insiders find no hope yet for formidable hurdles.Even evaded tax-recovery steps have stagnated as legal barriers restrict the realisation of such taxes from the bank accounts frozen...

US cotton exports can be redoubled with proportionate tariff reduction

Bangladesh's apparel exporters want to work jointly with American cotton exporters to secure proportionate tariff reductions through increased use of US raw materials in garment industry.A recently announced US executive order allows proportionate tariff relief for apparel made with at least 20-percent American-origin raw materials-apart from the reciprocal Trump tariff...

Mamdani on track to win NY vote

QUEENS, Nov 04 (AFP): New Yorkers looked set to elect a young Muslim leftist as mayor Tuesday as US voters cast judgment for the first time on Donald Trump's tumultuous second presidency in nationwide local elections.While Zohran Mamdani's rise has dominated headlines, elections for governor in Virginia and New Jersey...

54pc of Climate Change Trust Fund lost to corruption

About 54.17 per cent of the Bangladesh Climate Change Trust (BCCT) Fund -- established using the government's own resources to tackle the climate crisis -- has been lost due to irregularities and corruption, according to a new study by Transparency International Bangladesh (TIB).Analysing 891 projects worth Tk 38.96 billion approved...

European envoys back inclusion of Airbus aircraft in Biman fleet

The ambassadors and high commissioners of France, Germany, the United Kingdom, and the European Union in Dhaka on Tuesday emphasised the importance of introducing Airbus aircraft -- produced by the European aerospace giant Airbus -- into Biman Bangladesh Airlines' fleet to further strengthen Bangladesh's growing aviation industry.At a programme titled...

EC decides to grant reg to three parties including NCP

The Election Commission (EC) has decided to grant registration to three political parties ahead of the upcoming national elections.They are: The National Citizens Party (NCP), the Socialist Party of Bangladesh-Marxist, and the Bangladesh Aam Jonogon Party (BAJP).EC Senior Secretary Akhtar Ahmed made the disclosure while briefing journalists at the Nirbachan...

The vehicles, burnt during the student-led popular uprising

The vehicles, burnt during the student-led popular uprising at Bangladesh Medical University (formerly Bangabandhu Sheikh Mujib Medical University), still lie there, as the authorities concerned appear indifferent to removing them. The photo was taken on Tuesday. — FE Photo by Shafiqul Alam