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

ADP execution fails to shake off COVID-time inertia

Development-budget execution in in the country decelerates as its rate in the past fiscal was 9.0-percentage- point lower than previous financial year's, officials said Thursday, despite a last-minute spending spree.Implementation Monitoring and Evaluation Division (IMED) data show that all the public agencies executed 84.16 per cent of the Annual Development...

Court jails former Sonali Bank MD, seven others

A Dhaka court on Thursday sentenced eight persons, including former Managing Director of the state-owned Sonali Bank Humayun Kabir, in a case filed over embezzling Tk 21.64 million. Judge of the Special Court-5 in Dhaka Md Iqbal Hossain delivered the verdict after concluding the trial of the case filed by...

Most investment services miss BIDA's single OSS window

Promised turning of one-stop service (OSS) window of Bangladesh Investment Development Authority (BIDA) into a single gateway to investors has slowed with majority services still missing out, officials said.Until last year, the investment-promotion agency had signed memorandum of understanding (MoU) with over 40 public-and private-sector organisations aiming to bring nearly...

Mishap leaves seven dead in Sylhet

SYLHET, Jul 20 (UNB): Seven people died in a collision between a CNG-run auto-rickshaw and a microbus at Salutikar on Sylhet-Companigonj road on Thursday.The deceased included six passengers of CNG auto-rickshaw and the driver of the microbus.Deputy Director of Sylhet MAG Osmani Medical College Hospital Soumitra Chakraborty said, "Six people...

Wheat prices rise sharply on global mkts as Russia targets Ukraine grain facilities

Wheat prices have risen sharply on global markets after Russia said it would treat ships heading for Ukrainian ports as potential military targets, report Reuters and BBC.Moscow pulled out of a UN deal on Monday that ensured safe passage for grain shipments crossing the Black Sea.For the past three nights...

High-powered money up 175pc in FY'23

Injection of newly printed 'high-powered money' by Bangladesh Bank into the market swelled over 175 per cent in the past financial year, BB sources said, stoking inflation further.Officials at the BB said the central bank had funneled a record volume of the print money into government account in the last...

Prayer Timings (2023-07-21)

Briefing 2023-07-21

Robi among 11 cos to have lost blue-chip status for illiquidityAs many as 11 companies, including the second largest telecom operator Robi Axiata, have been dropped from the DS30 index after they endured a steep, persistent fall in transaction volumes for months. Daily average turnover volumes worth less than Tk...