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

ADP execution at 4-year low in FY24

Underperformance by several vital sectors dragged to a four-year low the utilisation rate of development budget in the past fiscal year, sources said, attributing the slowdown to incompetence. The Annual Development Programme (ADP) implementation in the fiscal year (FY) 2023-24 was lowest in four years to 80.92 per cent of...

Hasina, six others sued for murder

Deposed Prime Minister Sheikh Hasina and six others have been sued on a charge of murder for the killing of Abu Sayed, a grocer in Dhaka's Mohammadpur area, in shooting during the student-mass uprising.The other accused are former Road Transport and Bridges Minister and Awami League Secretary Obaidul Quader, former...

Development paradigm pivots from megaprojects to health, edn

Development paradigm now pivots from megaprojects to vital sectors like health and education as Finance and Planning Adviser Dr Salehuddin Ahmed indicated Tuesday and cautioned against lavish spending of public money. He told development officials that the interim government would not invest in infrastructure development on a large scale further...

Ahsan H. Mansur next BB governor

The government is set to appoint Dr. Ahsan H. Mansur, a former senior official of the International Monetary Fund (IMF), as the next governor of the central bank, sources confirmed.In this regard, the maximum age limit of 67 for the position of Bangladesh Bank governor will be abolished, they added....

M Masrur Reaz appointed as BSEC chair

Dr M Masrur Reaz, known as an economist and public policy expert, has been appointed chairman of the Bangladesh Securities and Exchange Commission (BSEC) to a four-year term.The Financial Institutions Division of the Ministry of Finance (MoF) issued a notification in this regard on Tuesday with immediate effect.Mr Reaz will...

Salman F Rahman, Anisul Huq arrested

Salman Fazlur Rahman, private industry and investment affairs adviser to former Prime Minister Sheikh Hasina, and former Law Minister Anisul Huq have been arrested by law-enforcement officials.Dhaka Metropolitan Police (DMP) Commissioner Md Mainul Hassan confirmed the update to the FE, adding that they were arrested on Tuesday in a case...

August 15 holiday cancelled

The Advisory Council, chaired by Chief Adviser Dr. Muhammad Yunus, has decided to cancel the public holiday on August 15, originally declared in observance of National Mourning Day, reports UNB. This decision was announced on Tuesday through an official notification.According to the press release issued by the Chief Adviser's Office,...

TENDER LOVING CARE

A female member of the Bangladesh National Cadet Corps puts a stray dog in the shade of an umbrella in an attempt to protect the animal from the hot sun. The snap was shot on the Dhaka University campus on Tuesday. — FE Photo by Shafiqul Alam