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

Around 100 RMG units shut amid unrest

Around a hundred export-oriented garment factories remained closed amid unrest as a section of workers staged demonstrations through Ashulia-Gazipur industrial belts despite security deployment, sources said Monday. They said 85 readymade garment (RMG) factories located in Ashulia and Gazipur industrial belts announced Monday holiday with pay to avert far more...

Road blockade triggers gridlock in city

The city witnessed severe traffic gridlocks on different roads on Monday as students under the banner of 'Technical Student Movement' blocked the road in Satrasta area at Tejgaon in the capital to realise their six-point demands. The photo was taken from in front of the BFDC near Hatirjheel area. —...

MAN Siddique removed from DMTCL

MAN Siddique has been removed from the post of managing director of Dhaka Mass Transit Company Limited (DMTCL) seven years after his appointment.The Road Transport and Highways Division (RTHD) under the Ministry of Road Transport and Bridges cancelled the appointment on Monday with immediate effect, according to a circular.In another...

Fuel supplies look challenging for LC payment backlog

Maintaining smooth supply of petroleum products looks challenging for LC payment backlog against the fuel imports amid forex crunch, sources said. State-run Sonali Bank PLC is also reluctant to open letter of credit (LC) besides clearing dues against imports made by Bangladesh Petroleum Corporation (BPC), they said.Currently, there remain BPC...

Bangladesh clears $1.37b ACU payments

Foreign-exchange reserves fall further as Bangladesh clears due import payments worth to US$ 1.37 billion through the Asian Clearing Union (ACU), but officials dispel any worry about this.After the clearance of import liabilities, the country's gross forex reserves dropped below $20-billion mark to $19.46 billion as on September 08, 2024...

Polythene bags banned in superstores from Oct 1

Single-use plastic bags are banned in the country's supershops for customer use with effect from October 1.Adviser at the Ministry of Environment, Forest, and Climate Change Syeda Rizwana Hasan disclosed the information during a stakeholder meeting at the Secretariat on Monday.Initially, the ban will be implemented near Hazrat Shahjalal International...

Govt has to go to dispute board to settle undue claim

At the fag-end of the expensive 3rd terminal-development project, the government has to go for dispute board to settle “undue claim” by joint-venture foreign contractor of Hazrat Shahjalal International Airport expansion.A disagreement over claims of at least Tk 30 billion has been created between the two parties which the employer...

Bankers see leadership change as Nazrul era ends

Seventeen years of reign of Nazrul Islam Mazumdar in Bangladesh's banking domain ends with a pool of new leaderships taking helm of the country's apex body of bank shareholders. In a much-expected reshuffle-now that a wind of change blows with the change of government-Dhaka Bank Chairman Abdul Hye Sarker was...