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

Hasina, minions blamed for serious HR violations

Bangladesh's ousted Prime Minister Sheikh Hasina and her minions in government, security services and her Awami League party systematically engaged in serious human-rights violations during last year's student-led protests, according to UN findings. A 105-page report prepared by the fact-finding mission of the Office of the United Nations High Commissioner...

'Horrific', 'unbelievable', says Dr Yunus

Chief Adviser Prof Muhammad Yunus has described the secret torture cells (known as Aynaghar) as horrific after visiting three of those, reports UNB."If I want to narrate it can be said that it is a horrific scene! Everything that happened there was dreadful. What I have heard is unbelievable! I...

Fitch sceptical of govt projections

Global rating-agency Fitch paints a downbeat outlook for Bangladesh economy on several grounds that include political unrest surrounding polls. Fitch Solutions in its latest appraisal report forecasts headline inflation to average 8.5 per cent and intends to revise down its earlier-projected 5.5-percent GDP growth in the country for the current...

Planning commission under pressure to green-light MRT-5 south project

The planning commission is under pressure to approve the MRT-5 southern line project, although it was sent back more than a month ago for bloated costs and having less priority than another MRT line, officials said on Wednesday.The commission is required to arrange the project evaluation committee (PEC) meeting on...

Faruque Ahmed made MD of DMTCL

Faruque Ahmed, a Bangladeshi expatriate having experiences to work on different metro rail projects worldwide, has been selected as the managing director of the Dhaka Mass Transit Company Limited (DMTCL).Sources said a six-member committee, headed by Bangladesh University of Engineering and Technology's Vice-Chancellor, made the recommendation after completing the selection...

Govt cuts target of borrowing from banks

The government has slashed its bank borrowing target by 28 per cent, or Tk 385 billion, for this fiscal year, due to lower expenditures and slower implementation of the Annual Development Programme (ADP).Under the revised target, the government will borrow Tk 990 billion instead of Tk 1375 billion by the...

Tk 51.09b shares of S Alam, family

A Dhaka court Wednesday ordered freeze on over 4.37 billion shares of 42 companies, worth Tk 51.09 billion, owned by beleaguered S Alam Group chairman Mohammad Saiful Alam and his family members. Judge of the Metropolitan Senior Special Judge's Court Md Zakir Hossain passed the order after hearing a petition...

Nagad admin attacked 'with hammers'

Muhammad Badiuzzaman Didar, the administrator of the mobile financial service provider Nagad, on Wednesday came under attack on Road Number 12 in the capital's Banani.The incident took place at about 4:30 pm after he said to the media that preliminary findings indicated Nagad was involved in the illegal transfer of...