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

Power production below 25pc of capacity as winter chills demand

Electricity generation across Bangladesh has been reduced to less than one-fourth of the overall capacity as winter now chills the demand amid limited usages.While the power-demand slump relieves nagging summer-time supply shortages, but the state will have to pay huge capacity charge against the unused plant capacities. According to the...

Tulip resigns as UK Treasury minister

Tulip Siddiq resigned as a Treasury minister of the UK government Tuesday after controversy over links to her aunt Sheikh Hasina ousted as PM in a political movement in Bangladesh. In a letter to the British prime minister, the Labour MP said that while she had "not breached the ministerial...

All eyes set on all-party meet tomorrow

Four of the six reform commissions formed in the first phase will submit their respective reports to Chief Adviser Prof Muhammad Yunus today as the interim government prepares to consult political parties and stakeholders tomorrow to finalise the draft 'July Proclamation'.During a press briefing on Tuesday evening, adviser Mahfuj Alam...

July proclamation: BNP seeks more time

The Bangladesh Nationalist Party, or BNP, has asked for additional time to review the draft of the July proclamation before sharing their views, reports UNB."The matter is so sensitive and important that it cannot be decided with just a one-day notice," BNP Secretary General Mirza Fakhrul Islam Alamgir said at...

Vehicles form a long queue at a filling station in the city's Moghbazar neighbourhood

Vehicles form a long queue at a filling station in the city's Moghbazar neighbourhood as low gas pressure, stemming from a nationwide gas shortage, slows down the supply. The photo was snapped on Tuesday. — FE photo by Shafiqul Alam

Withdraw gas price hike proposal, increased VAT, taxes urgently

The Anti-Discrimination Reform Council of the country's apex trade body on Tuesday demanded withdrawal of the increased VAT and taxes imposed on over 100 products, and the gas price hike proposal.The council of the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) termed the measures "suicidal" and urged the...

Court orders freezing 87 bank accounts

A Dhaka court orders freezing 87 bank accounts and confiscating immovable property worth Tk 2.0 billion of embroiled S Alam Group owner Mohammed Saiful Alam, his wife Farzana Parveen and 16 family members.Judge of the Metropolitan Senior Special Judge's Court Md Zakir Hossain Tuesday passed the orders after hearing two...

BB backtracks on dollar-buy decision

In a major policy shift prompted by the exigency of stabilising Bangladesh's foreign-exchange market, the central bank skips dollar buy from commercial banks.Officials and bankers say such change in the forex-management strategy was observed following recent trade in the American greenback by the country's central bank.Since September last, the Bangladesh...

ACC arrests former BB DG SK Sur

The Anti-Corruption Commission (ACC) Tuesday arrested former Bangladesh Bank Deputy Governor Sitangshu Kumar Chowdhury alias SK Sur in a case filed against him and two of his family members for not responding to an asset-declaration notice. A team of the anti-graft watchdog ran him in from Segunbagicha in the capital,...