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

Priority resetting slows ADP execution to record low

Government ministries and divisions spent a record-low Tk219.78 billion altogether in the first four months of this fiscal from the total development budget worth Tk2.78 trillion, amid belt-tightening in spending. Latest official account of implementation of the Annual Development Programme (ADP) in the July-October period shows a mere 7.90-percent rate...

Remittances reach $1.726b in November's three weeks

An ongoing inward-remittance rebound brought Bangladesh US$1.726 billion during the first 23 days of this month, official count shows, as a steady inflow from the USA also added some momentum.In October, remittance inflows had totalled $2.395 billion, also marking a robust performance, the central bank said.People familiar with the matter...

Experts call for reforms to ensure smooth LDC graduation

Experts, economists, and policymakers have called for reforms and structural shifts to support Bangladesh's transition to the next phase of development, known as high-road economic development, as the country is preparing to graduate from the status of Least Developed Countries (LDC).They urged the government to prioritise quality enhancement and ensure...

Committee seeks to hire int'l firms to assist it

The National Review Committee on the Ministry of Power, Energy and Mineral Resources has recommended the government to hire reputed legal and investigation firms to assist its review of major power generation contracts signed during ousted Sheikh Hasina's regime from 2009 to 2024.Led by Justice Moyeenul Islam Chowdhury, the committee...

Daylong Dhaka chaos ends with pause in demos

Daylong traffic chaos in Dhaka ended in a pause as drivers of battery-run rickshaws postponed their mass sit-in staged outside the National Press Club Sunday to realise their 12-point demands, including resumption of rickshaw run in streets.However, their latest step has normalised traffic in the crammed capital city.They will announce...

CEC pledges to hold credible election

Newly-appointed Chief Election Commissioner (CEC) AMM Nasir Uddin has said he is committed to arranging a free, fair and credible national election. He made the pledge while briefing reporters on the Supreme Court premises on Sunday afternoon after taking the oath of office. "The people of the country are deprived...

US SEC issues summons for Adani

The US Securities and Exchange Commission has issued a summons to Indian billionaire Gautam Adani,indicted on US bribery allegations related to a bombshell federal indictment against him, a court filing showed, reports Reuters.The SEC is suing the head of the Adani Group and his nephew Sagar Adani, alleging they engaged...

World reaches $300b climate finance deal

BAKU, Nov 24 (AFP): The world approved a bitterly negotiated climate deal Sunday but poorer nations most at the mercy of worsening disasters dismissed a $300 billion a year pledge from wealthy historic polluters as insultingly low.After two exhausting weeks of chaotic bargaining and sleepless nights, nearly 200 nations banged...