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

Multimodal hub integrating rail, road, Ctg seaport in sight

A multimodal logistics hub integrating railway, road, and Chittagong seaport facilities will be developed near the Bay Terminal to boost Bangladesh's trade-facilitating efficiency, as efforts are geared towards US$100-billion annual export earnings.To this end, the World Bank-financed Bay Terminal Breakwater Project is moving ahead, with a subsidiary loan agreement to...

Assets worth Tk 400b in laundered money unearthed abroad

Revenue intelligence has tracked down nearly Tk 400 billion worth of assets amassed in different countries around the world through money laundering from Bangladesh.National Board of Revenue Central Intelligence Cell (CIC) Director-General Ahsan Habib apprised Chief Adviser of the interim government Prof Muhammad Yunus that investigations had been conducted in...

Commercial Court system to exclusively try biz cases: CJ

A separate commercial court system aligning with Bangladesh's economic realities and the evolving needs of the judiciary will be established to exclusively settle business disputes and loan-recovery cases. Chief Justice Dr Syed Refaat Ahmed made the announcement Sunday at the plenary session of a UNDP-sponsored seminar on 'Establishing Commercial Courts:...

BB asks finance cos to give accurate liquidity info

Bangladesh Bank (BB) has asked finance companies (formerly non-bank financial institutions or NBFIs) to submit their actual liquidity positions after detecting inconsistencies in earlier statements.The banks must provide the updated data using the new template issued with the circular. The circular reads: "It is observed that there are some inconsistencies...

Govt to hold 3 int'l events on Rohingya issues

The interim government will organise three high-level conferences on the Rohingya issues from August to December.National Security Adviser Khalilur Rahman briefed foreign diplomats and international development partners about these conferences at the Foreign Service Academy on Sunday.These events will be held in alliance with the United Nations, and Qatar.More than...

Dhaka Bank MD quits

Sheikh Mohammad Maroof, Managing Director of Dhaka Bank PLC, has tendered his resignation, citing personal reasons."Yes, I have resigned. There was no issue. I took the decision on personal grounds. I will take some time off," Mr. Maroof told The Financial Express (FE), confirming the development. Mr. Maroof took charge...

A number of areas in Dhaka go under water following a heavy shower of rain

A number of areas in Dhaka go under water following a heavy shower of rain on Sunday morning. The photo was taken in the Mirpur area. — FE Photo