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

IDRA instructed to expedite accumulated claim settlement

Billions worth of money in unsettled insurance claims has accumulated with the companies in flagrant default that invites government instructions for the regulator to heighten efforts to save people from deception, officials said.A total of Tk 62.15 billion has piled up in payment backlog over life-and non-life insurance claims with...

Admin cadre ruckus over 50:50 promo quota

In-service and former administrative-cadre officials Wednesday demanded resignation of chairman of the Administrative Reform Commission Abdul Muid Chowdhury within 48 hours, in a ruckus over promotion quotas. Already on agitations, they also warned of tougher movement if the commission made any unwanted recommendation to the government.They expressed their grievances over...

Irfan on 7-day remand over killings on vessel

Akash Mandal alias Irfan, an accused in the case filed over the killing of MV-Al Bakhera cargo ship's seven staff members, was remanded in custody for seven days on Wednesday.Earlier in the day, he was presented before the court of Chandpur Judicial Magistrate Muhammad Farhan Sadiq. The investigating officer, Inspector...

Deep development fund cut by Tk 112b for road transport

Road transport and highways division sees a deep cut in its development funds by Tk 112 billion as the interim government struggles to make two ends meet through tightfisted spending amid inherited financial crunch. Officials said the Budget Management Committee (BMC) of the Road Transport and Highways Division (RTHD) made...

35 perish in Kazakhstan jet crash

ASTANA, Dec 25 (AFP): An Azerbaijan Airlines passenger jet with 67 people on board crashed on Wednesday in western Kazakhstan after veering from its scheduled route, officials said.Azerbaijani authorities said 35 persons died and 32 people had survived the crash of the Embraer 190 near the city of Aktau, an...

Pharma product imports soar

The imports of medicines, pharmaceutical products and intermediate goods have been on the rise despite significant domestic production for local and overseas markets, market insiders said.The increase in imports is attributed to the rising health hazards and critical diseases among people in recent years, said experts.The imports of the pharmaceutical...