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

January inflation slips below double-digit level to 9.94pc

Overall inflation dropped to 9.94 per cent in January as cheaper winter vegetables tamed its rate but food inflation yet stayed high pushed by pricey staples. A decline of approximately 1.0-percentage point from the December rate took the overall inflation down double-digit level last month, Bangladesh Bureau of Statistics (BBS)...

BB sues Nagad on fraud charges

Mobile financial service-provider Nagad Limited has been sued by the central bank on charges of pecuniary offences involving Tk 6.45 billion worth of e-money issued sans currency backup.A total of 24 individuals, including Nagad's former chairman Syed Mohammad Kamal and former managing director and CEO Tanvir Ahmed Mishuk, have been...

Justification to be sought for very high consultancy costs

The Local Government Division (LGD) has proposed spending over Tk 1.07 billion on consultancy services for a project that involves repairing flood-damaged infrastructures and building shelters in six districts to mitigate future disaster impacts.The districts are Noakhali, Feni, Cumilla, Lakshmipur, Chattogram, and Moulvibazar. The proposed consultancy costs account for over...

Reform commissions' reports due on Feb 8

Chief Adviser of the interim government Dr Muhammad Yunus will hold the first meeting of the National Consensus Commission with the political parties in mid-February as the six reform commissions' recommendations will be made public on Feb 8.The meeting would discuss the reform proposals recommended by the six reform commissions,...

Jul-Dec current account balance sees surplus

Bangladesh now sees its current-account balance turn surplus, after months, mainly as significant growth in remittance and export helps out, official statistics show.This means the country is a net creditor to the rest of the world.The data with the central bank of Bangladesh show that the current- account balance stood...

Police arrest former BSEC chief Shibli Rubayat Islam

Police arrested the immediate past chairman of the Bangladesh Securities and Exchange Commission (BSEC), Shibli Rubayat Ul Islam, from Dhaka city's Dhanmondi area on Tuesday night. Police said Mr. Shibli is a suspect in a number of cases, lodged by the Anti-corruption Commission (ACC) involving the stock market and money...

MRT-6 sees record number of passengers

The first metro rail in the city's north-south corridor has already received over 60 per cent of study-predicted daily ridership of 550,000 passengers by operating trains partially in the last two years thanks to its popularity and comfortable journey in the traffic-congested city.According to Dhaka Mass Transit Company Limited (DMTCL),...