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

Advisers' portfolios reshuffled

The interim government has once again shuffled around roles and responsibilities for various ministries and divisions among members of its advisory council.This was confirmed on Tuesday through a notification issued by the Cabinet Division, reports UNB.As per the latest decision, Chief Adviser Dr. Muhammad Yunus has been assigned responsibilities for...

Ordinance likely to block black money whitening

Scrapping the impugned black money-whitening facility is likely by proclaiming an ordinance in the interim period as parliament has been dissolved following the fall of the past government in an uprising, taxmen indicate.Revenue officials in a meeting Tuesday with the finance adviser mooted the proposal, amid discussions on a wide...

Businesses meet finance adviser, push for banking, taxation reforms

Leading local businesses have suggested actionable steps like reforming the banking sector and tax-revenue administration, and maintaining the law-and-order situation for early return of a congenial business atmosphere.They also proposed reforms in trade bodies and energy sector, extending the country's graduation timeline, building capacity of Bangladesh missions abroad and pursuing...

Supreme Court moved for restoring caretaker govt

A petition has been filed with the apex court for restoring the election-time caretaker government through revoking its 13th constitution-amendment verdict abolishing the system.The petition was filed Tuesday with Appellate Division of the Supreme Court for a review of its earlier judgment that declared void the 13th amendment which had...

Water recedes, affliction stays

Floodwater has reportedly been receding from the severely affected Feni district, with many areas of Noakhali, Laxmipur and few other districts inundated afresh.Rescue and relief operations remained tougher in places like Chhagalnaiya in Feni for communication hurdles.Faruq E Azam, advisor to the Ministry of Disaster Management and Relief, briefed the...

Banks bleed for record single-month deposit flight in June

Banking industry saw a record-high single-month deposit outflow worth Tk 200 billion last June, largely for panic withdrawals and hundi transactions, sources said. The surge in deposit flight added up to pressure on the overall liquidity situation in the sector, sometimes needing fund feeding to banks by the central bank.A...

Body formed to probe forced disappearances in last 15 years

The government has formed a five-member investigation commission to probe the incidents of forced disappearances of people blamed on law-enforcement agencies between 2010 and August 5 this year. Justice Moyeenul Islam Chowdhury, a retired judge of the High Court Division of the Supreme Court, will head the commission.Other members of...

BB dissolves S Alam-affiliated 3 banks' boards

Bangladesh Bank on Tuesday dissolved and reconstituted the boards of three banks affiliated with the S Alam Group, reports UNB.These banks are Union Bank, Global Islami Bank, and United Commercial Bank.Meanwhile, the Central Bank Tuesday formed new board of directors to operate the Union Bank and Global Bank.Former Islami Bank...

Govt's ability to raise power, energy prices bypassing BERC revoked

An ordinance has been issued revoking the provision for increasing the prices of oil, gas, and electricity by executive order, reports UNB.On Tuesday, August 27, the President issued the "Bangladesh Energy Regulatory Commission (Amendment) Ordinance, 2024."Earlier, on August 22, the draft ordinance was approved in the interim government's advisory council...

Life expectancy falls in BD: BBS

Life expectancy at both birth and population growth rates in Bangladesh has fallen in the latest count, official statistics showed on Tuesday.The average life expectancy rate of each of the population has slightly dropped to 72.3 years in 2023 from that of 72.4 years in 2022, according to the Bangladesh...