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

Those disrupting port activities are being investigated

The government will not take any decision that goes against national interest in managing the country's ports, Shipping Adviser Brigadier-General (retd) Dr M Sakhawat Hossain said on Monday. "The ministry supports whatever is good and beneficial for the port and the country," he said while speaking to journalists during a...

RMG export at risk for Ctg port strike

Operational activities at Chattogram Port, the country's prime seaport, remained at a standstill for a third consecutive day on Monday as port workers continued their protest against the planned lease of the New Mooring Container Terminal (NCT) to Dubai-based DP World.The ongoing suspension of all cargo handling activities at the...

Govt orders expeditious part takeover of KAFCO's foreign stakes

The government has asked for expediting the process of takeover of a portion of foreign stakes in Karnaphuli Fertiliser Company Limited (KAFCO) and offloading some shares of the multinational on the capital market. Sources have said the instruction was issued for industries ministry at a recent meeting held at the...

Biman MD, wife arrested over torture of minor house help

Police arrested Managing Director and Chief Executive Officer (CEO) of Biman Bangladesh Airlines Dr Md Shafiqur Rahman, his wife and two others on early hours of Monday night in connection with a case filed on charge of torturing their minor house help. Later, they were produced in a Dhaka Court...

BTRC seeks to ease spectrum concerns as GP secures 700 MHz allocation

Bangladesh's telecom regulator has taken a fresh step to address growing concerns over regulatory imbalance in the allocation of 700 MHz spectrum to Grameenphone (GP), as it invited rival operators Robi Axiata and Banglalink to a discussion on Tuesday to review broader low-band spectrum policy.The move came on the same...

WB, ADB confirm $300m funding for job creation, skill development

Bangladesh's ambition to become an upper-middle-income country gained significant momentum this week as the World Bank (WB) and the Asian Development Bank (ADB) confirmed over $300 million in funding.The Washington-based lender confirmed $150.75 million in additional financing for informal sector employment generation on Monday, while the ADB confirmed $150 million...

LPG price rises by Tk50 per 12kg cylinder in BD for Feb

The price of liquefied petroleum gas (LPG) has been increased again at the consumer level, with the Bangladesh Energy Regulatory Commission (BERC) raising the price of a 12kg LPG cylinder by Tk50 for February, reports UNB.According to a BERC announcement issued on Monday afternoon, the new price of a 12kg...

State reform foundation weaker than expected, says TIB

Transparency International Bangladesh (TIB) has said that one and a half years after the fall of authoritarianism, the foundation for state reform has not strengthened; instead, the shortfalls far outweigh the achievements.At least 158 political activists were killed and 7,082 others injured in 600 incidents of political violence across the...

ACC sues ex-DESCO MD, chief engineer

The Anti-Corruption Commission (ACC) on Monday filed two cases against former Dhaka Electric Supply Company Limited (DESCO) managing director Md Kawsar Amir Ali and chief engineer Shamim Ahsan Chowdhury for causing a loss of about Tk 748.3 million to the state through abuse of power and corruption.According to the ACC,...

Central bank steps up dollar purchases

The central bank purchased more than US$4.0 billion from banks over the past nearly seven months, aiming to support exporters and remitters by keeping the dollar-taka exchange rate stable.As part of its ongoing intervention, Bangladesh Bank (BB) bought a further $218.50 million through an auction involving 16 commercial banks in...