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

New govt pay scale may cost Tk 700b more yearly

An initial estimate by the National Pay Commission (NPC) suggests the new government pay scale would require around Tk 700 billion more annually, including a hike in pensions, gratuities and medical allowances.The amount is equivalent to nearly three months of the government's tax revenue collection and is almost double the...

Bearing-pad crash from metro-rail pillar kills pedestrian

Tragedy struck down a young man as an about 100-kg bearing pad of metro-rail pillar crashed on him while crossing the area near its Farmgate station on Sunday noon, sources said.Witnesses and official sources said the bearing pad from pier number 433 suddenly slipped and hurtled down on the pedestrian...

Capital-machinery import rebounding from slump

Capital-machinery import rebounds into positive trajectory from a slump, indicating some acceleration in the economy after months of sluggishness Bangladesh had witnessed following disruptions.In sync with the upturn in import of capital machinery, the country sees a sharp growth in the overall import orders in recent times on the back...

Recommendations for implementing July Charter today

Recommendations on implementing the initiatives taken in state reforms over a year-long discussion are set to be submitted to the government on Monday, reports bdnews24.com.A member of the Consensus Commission told bdnews24.com, "On Monday, the commission members led by Vice-Chairman Ali Riaz will meet with the chief advisor and submit...

Dhaka-Ashulia Elevated Expressway project cost to rise by Tk 10b

The cost of the Dhaka-Ashulia Elevated Expressway (DAEE) project are set to increase by at least Tk 10 billion due to changes in design, utility shifting, and integration of ramps with other infrastructures, including the Hazrat Shahjalal International Airport (HSIA) and the Mass Rapid Transit (MRT) airport station.Sources said the...

BNP objects to proscribing common alliance symbol

Election-hopeful Bangladesh Nationalist Party (BNP) officially objected to a new rule providing for political parties' poll contest on respective symbols despite running for election as an alliance partner. The BNP formally submitted a protest note to the Election Commission (EC) Sunday following a meeting with Chief Election Commissioner (CEC) AMM...

Depression over Bay may turn into cyclone within hours

A low-pressure system over the southeast Bay of Bengal has intensified into a deep depression, with the Bangladesh Meteorological Department (BMD) warning that it could develop into a cyclonic storm within the next 24 hours, repotrs bdnews24.com.In a special weather bulletin issued on Sunday, the BMD said that at 6am,...