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

Govt moves to bring it under cabinet purview

The Ministry of Finance has moved to bring the procurements made by all entities, which have public investments, under the purview of the cabinet committee/advisers' council on economic affairs "to ensure transparency and accountability", officials say.Also, the move is aimed at reducing the "contingent liability" of the government, they add.However,...

Farmers in Jhenaidah run shallow machines by using solar-powered irrigation pumps

Farmers in Jhenaidah run shallow machines by using solar-powered irrigation pumps to extract groundwater. Such machines are increasingly being used as an alternative to the conventional irrigation system due to high diesel costs and power crisis. The photo was taken from Charatola village in Harinakundu upazila recently. — FE Photo...

US again vetoes UN Security Council Gaza ceasefire call

UNITED NATIONS, United States, Sept 19 (AFP) - The United States on Thursday again wielded its veto and thwarted a UN Security Council call for a ceasefire in Gaza, shielding its ally Israel from meaningful diplomatic pressure.The 14 other members of the Council backed the resolution, initiated in August in...

Bangladesh boasts decade-high apparel exports, now foresees compliance odds

Bangladesh's apparel exports to both the European Union (EU) and the United States have recorded impressive growth for over a decade now, consolidating the country's position as a key global supplier, but a rethink begins.Insiders in the readymade garment (RMG) warn that the future may not be as bright, with...

ADB unhappy about $11b BD projects down-rated as 'problematic'

Nearly US$11 billion worth of ADB-funded development projects in Bangladesh are up for reappraisal shortly as many of those are down-rated as "problematic" and "slow-going", officials say.The Asian Development Bank (ADB) has selected at least 16 such underperforming projects found struggling for implementation delays at different stages of works.A tripartite...

Govt to construct 10-storey building for only 50-man BIMSTEC HQ

The government plans to construct a 10-storey building at Gulshan in Dhaka for the headquarters of BIMSTEC, the Bay of Bengal regional bloc, comprising seven countries, formed to boost technical and economic cooperation.The Ministry of Foreign Affairs proposed a project involving an estimated cost of over Tk 1.22 billion to...