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

Thai company to relinquish stakes to two Chinese firms

A Thai company engaged in the maiden expressway construction in Dhaka will finally have to transfer all shares to two Chinese partner firms as the duo wins an international arbitration, ending a deadlock.Officials hope the arbitration verdict, delivered on October 20 in Singapore, is likely to mitigate the construction-fund crisis...

Interim cabinet opts for political consensus on unseating President

The interim government has decided to elicit political consensus to settle the demand for abdication of President Sahabuddin following his reported double talk on former premier's resignation, while agitations continue. An adviser of the stand-in government informed reporters Thursday when asked through which constitutional rules the President would be removed."Since...

Cyclone Dana's impacts might be lesser

As the severe cyclonic storm Dana makes landfall in the Indian state of Odisha, Bangladesh is facing a reduced threat from the oceanic storm.Director of BMD Dr. Md Sadequl Alam said the cyclone is likely to make landfall in Odisha and West Bengal of the neighbouring country. However, its impact...

Khaleda, two others acquitted in Gatco case

A Dhaka court has acquitted BNP Chairperson and former Prime Minister Khaleda Zia, along with Standing Committee members Dr Khandaker Mosharraf Hossain and Amir Khasru Mahmud Chowdhury, in the long-standing Gatco corruption case. Judge Abu Taher of Dhaka Special Judges' Court-3 gave the order following a hearing on Thursday, reports...

BD economy slows, GDP growth forecast down

An economic slowdown now compared to previous months has prompted the IMF to revise down its growth forecast for Bangladesh in the current fiscal year. "The reason for revising down our growth forecast is response to what we saw in the recent past," said Krishna Srinivasan, IMF Director for Asia-Pacific...

WB to provide $250m to help with flood losses

The World Bank (WB) will provide a grant amounting $250 million with an eye on helping to recoup the losses Bangladesh suffered due to the recent flood, Finance Adviser Dr Salehuddin Ahmed told reporters on Wednesday in Washington, D.C., United States (US).He met the press after a meeting with Martin...

Age limit for govt job entry rises up to 32 yrs

Age limit for entering public service rises to 32 years on a government decision following an entrenched movement by jobseekers on the demand. A press release issued Thursday from the Cabinet Division carried the decision made by the interim government's advisory council earlier in the day that also discussed and...