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

FY'25 power subsidy being doubled to pay off dues to pvt plants

Budgetary subsidy allocation may nearly double to Tk700 billion as the interim government wants to pay off accumulated arrears to the private-sector power producers within this fiscal year. Officials say the outlay in the current budget for fiscal year (FY) 2024-25 for payout to the independent power producers, contracted by...

Dr Yunus calls for system allowing people to vote freely

Davos (Switzerland), Jan 24 (UNB): Sharing a background story of a changed Bangladesh with his global audience, Chief Adviser Prof Muhammad Yunus has laid emphasis on creating a mechanism so that everybody can vote "freely and fairly" without any "interruption or threat" to anybody while exercising their democratic rights.During a...

WTO to persuade top businesses to shift their supply chains to BD

DAVOS, Jan 24: World Trade Organisation (WTO) Director-General Dr Ngozi Okonjo-Iweala on Friday said the global trade body would help Bangladesh graduate smoothly from Least Developed Country (LDC) and persuade top businesses to shift their supply chains to the South Asian nation.The WTO chief made the comments when she met...

Digital bank launch deludes aspirants

Much-hyped digital-bank operations get caught up in limbo with almost no progress in the launch of this virtual banking for the tech-savvy younger population, sponsors deplore. In fact, the country's banking regulator is still in wait for responses to some of its queries as part of its screening against the...

Only 1 govt bank has an ind director

In May last year, the government committed to the World Bank (WB) to appointing independent directors to state-owned banks so that they would make up at least one-third of the total board members of such banks. The move was aimed at strengthening corporate governance at such banks.Nearly eight months have...

Farmers in peril as all land ports opened for potato imports

The government decision to open all land ports for potato imports has significantly impacted the domestic market, causing the tuber's prices to plummet to a three-year low at farmers' end.Farmers across the country are struggling to recover their investments as the record price drop coincides with the peak harvesting season....