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

Public company coming up for start-up funding

An equity-backed public limited company comes up shortly with a Tk 20-billion authorised capital for startup financing to facilitate promising economic ventures in the country, sources say.With eight shareholders, the company is being initially formed with the contribution from 52 commercial banks to support the startup sector which is believed...

Now CA to decide timing of referendum

Chief Adviser of the post-uprising government Prof Muhammad Yunus takes on the onus of deciding when the referendum will be held as squabbling political parties stand divided on the timing.Law Adviser Dr Asif Nazrul apprised journalists at press briefing of the decisions of the meeting of the Council of Advisers...

Sinopec set to drill five new gas wells in Bhola

China's state-owned oil- and gas-exploration-company Sinopec is poised to secure a contract to drill five new gas wells on gas-rich Bhola island, as Bangladesh moves to ramp up domestic production of the fuel amid mounting energy demand.Bangladesh Petroleum Exploration and Production Company Ltd (BAPEX), a subsidiary of Petrobangla, has selected...

IMED flags irregularities, mismanagement in Padma Oil HQ project

The Implementation Monitoring and Evaluation Division (IMED) under the Planning Ministry has found serious irregularities, fund misuse, and mismanagement in the project to construct the head office of Padma Oil Company Limited in Chattogram, which has remained incomplete for over a decade.Officials continued to hold project-related meetings and release funds...

BNP rejects pre-election referendum

The Bangladesh Nationalist Party (BNP) has categorically rejected the National Consensus Commission's proposal to hold a referendum on constitutional reforms before the national election, calling it undemocratic, impractical, and coercive.Speaking at a press conference at the BNP Chairperson's Office in the city on Thursday, Secretary General Mirza Fakhrul Islam Alamgir...

Jamaat, seven other parties press for Nov referendum

Eight political parties, including Bangladesh Jamaat-e-Islami, Islami Andolon Bangladesh and Khelafat Majlish, Thursday submitted separate memorandums to Chief Election Commissioner (CEC) A M M Nasir Uddin for holding a referendum in November to give the July National Charter a legal basis, reports BSS.The parties also demanded the implementation of the...

Hold polls by February, says Patwary

National Citizens Party (NCP) chief coordinator Nasiruddin Patwary on Thursday urged the government to hold elections by February to save the country from a 'civil war-like situation'."The country is heading toward a different kind of situation. Announce elections for February. If you fail to do so and a civil war-like...

Modern architecture in Bangladesh

Modern architecture in Bangladesh has embraced glass for aesthetic and practical benefits. The increasing use of glass in the design of shopping malls, offices, and homes enhances both aesthetics and functionality, as seen in this photo taken in Gulshan area in Dhaka on Thursday.— FE photo by K Asad-Uz-Zaman