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

Islami Bank to auction S Alam's property to recover money

Islami Bank Bangladesh PLC has issued a notice to auction the assets of Infinity CR Strips Industries Limited, a subsidiary of S Alam Group, to recover outstanding loans, reports UNB.The Islami Bank published the auction notice for the sale of the company's assets in a national daily on Sunday (March...

Tycoons open trust fund, then siphon off funds

Tycoons first opened trust fund and then siphoned off funds to tax-haven island nations before transferring to developed countries for finally settling in the chosen destinations, financial intelligence has found out. This is a common pattern of asset accumulation and laundering by big guns during the long reign of the...

China-BD co-op MoUs up for signing during CA's visit

Bangladesh and China will sign several cooperation MoUs during Chief Adviser Dr Muhammad Yunus's imminent China tour, what Beijing takes as a "milestone event". In a prelude to the visit, Foreign Affairs Adviser Touhid Hossain Sunday said there would be no agreement inked this time.However, he parried the query when...

DESCO invites bids to generate 120MW rooftop solar power

Dhaka Electric Supply Company (DESCO) wants to generate 120 megawatts (MW) of solar power by setting up on-grid solar systems in its eight operational circles, officials have said.In this regard, it recently invited bids from international engineering, procurement, and construction (EPC) contractors to design, build, finance, operate, and maintain the...

BNP against equating 2024 uprising with 1971 Liberation War in constitution

BNP on Sunday submitted its proposal to the National Consensus on reforms, strongly opposing the inclusion of the July 2024 Uprising with same importance of the 1971 Liberation War in the preamble of the constitution, reports UNB.The party also opposed other proposals, including changing the name of the state, curbing...

NCP, CPB, BSD submit reform proposals

The National Citizen Party (NCP), Communist Party of Bangladesh (CPB) and Bangladesh Samajtantrik Dal (BSD-Marxist) submitted proposals on state reform to the National Consensus Commission (NCC) at its office at Jatiya Sangsad Bhaban in Dhaka on Sunday, reports BSS.It was disclosed in a press release signed by Paban Chowdhury, Public...

NBFIs to contribute to deposit protection fund from 2028

The country's non-bank financial institutions (NBFIs), which have so far remained exempt from paying premiums on their deposits to the central bank, will be required to do so starting in July 2028, according to a draft law prepared by the Financial Institutions Division (FID).Currently, only banks contribute premiums on deposits...

Dhaka Metropolitan Police (DMP) has set up a trapper

The Dhaka Metropolitan Police (DMP) has set up a trapper, a special device designed to immobilise rickshaw wheels, in old Ramna Police Station area. In the picture taken on Sunday, a rickshaw driver is seen struggling to lift his three-wheeler after it got stuck in the device. The DMP plans...