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

Advisory council approves Interim Govt Ordinance

The Council of Advisers approved Thursday an ordinance that accords legal validity to the formation of the present interim government in Bangladesh and defines their authority and facilities.An official release said 'The Interim Government Ordinance 2024' was endorsed at a meeting of the Council of Advisers on Thursday, evidently in...

Timeline unveiled for reforms preceding polls

A timeline now shows that the six reform commissions will submit their reports by December 31 to pave the way for stakeholder consultations to finalise reforms of the state institutions in the run-up to next elections. The commissions will get down to their tasks on October 1, said Law Adviser...

HC asks BB to appoint receiver for Beximco cos

Bangladesh Bank has been asked by the High Court to appoint a receiver to manage all the companies of Beximco Group and attach all the property of this beleaguered corporate.The court also directed the central bank authorities to recover the money obtained by Salman F Rahman, an adviser to deposed...

Student politics banned at DU

Dhaka University in a syndicate meeting on Thursday decided to ban all forms of student politics until a further decision taken in this connection, according to reports by online and electronic media outlets.

Bangladesh's Hasan Mahmud (L) celebrates after taking the wicket

Bangladesh's Hasan Mahmud (L) celebrates after taking the wicket of India's Rishabh Pant on the first day of their Test cricket match at the M.A. Chidambaram Stadium in Chennai on Thursday. India scored 339-6 at stumps. — AFP

Youth mob-lynched at DU dorm: 4 held

In a gory incident at Dhaka University, a youth was mercilessly beaten to death as a suspected thief at Fazlul Haque Muslim Hall on Wednesday night.The youth, identified as Tofazzal Hossain (32), died inside the dormitory for hours of beating.Later, some students took him to Dhaka Medical College Hospital (DMCH)...

Govt borrows Tk 289.52b from banks in July-Aug for deficit financing

The government borrowed Tk 289.52 billion from banks in July-August for deficit financing but its net borrowing came to over Tk107 billion in the first two months of this fiscal after repayment. Officials said the government borrowing in the two months of the fiscal year (FY) 2024-25 was partly necessitated...

WB to lend $2.30b in this fiscal year

The World Bank will provide US$2.30 billion in assistance, including $750 million budgetary support, to Bangladesh this fiscal year (FY 2024-25), mainly to facilitate financial-sector reforms and recovery from flood damages, officials said on Thursday.A senior executive of the WB assured Bangladesh of the credit at separate meetings with Chief...

Singaporean FIU seeks info on S Alam Group assets

Singaporean Financial Intelligence Unit (FIU) has sought detailed information on the domestic and overseas assets possessed by the controversial Chattogram-based S Alam Group from Bangladesh's Financial Intelligence Unit (BFIU).Confirming the development, a BFIU official on condition of anonymity said they have received queries about the conglomerate from their Singaporean counterpart...

Fahmida named member of BB board

The government has appointed Dr. Fahmida Khatun, executive director of the Centre for Policy Dialogue (CPD), as a member of the board of directors in Bangladesh Bank (BB), the country's central bank.The Financial Institutions Division (FID) under the Ministry of Finance issued a notification on Thursday regarding Dr. Khatun's appointment...

Bhola has 1.432 Tcf of recoverable natural gas reserve

Discovered proven natural gas reserve in Bhola Island is around 2.047 trillion cubic feet (Tcf) of which 1.432 Tcf is recoverable, the Ministry of Power, Energy and Mineral Resources (MPEMR) revealed on Thursday.Three gas fields have so far been discovered in Bhola Island, where nine gas wells were drilled to...