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

BD risks losing $8.0b opportunity annually

Bangladesh's textile and apparel sector risks losing a multi-billion-dollar opportunity as weak policy support and limited technological capacity hinder the transition to a circular economy.Industry insiders estimate the economic opportunity of waste recycling to be worth $8.0-billion annually.They warned that without urgent reforms, the country's position as the world's second-largest...

PM calls for people-oriented admin, faster public services

Prime Minister Tarique Rahman on Wednesday called for building a people-oriented administration to ensure faster, transparent and harassment-free services for citizens. "The administration must be made people-oriented, and much of that depends on your role. Our government wants an administration where ordinary people receive services at government offices with respect,...

Tarique halts convoy to let ambulance pass

Prime Minister Tarique Rahman made way for an ambulance by halting his motorcade on the elevated expressway near Karwan Bazar in the city on Wednesday, breaking the usual VVIP protocol.The move came shortly before 9:00am as he was travelling from his Gulshan residence to the Bangladesh Secretariat, said his Additional...

BERC set to hold public hearings on May 20-21

The Bangladesh Energy Regulatory Commission (BERC) is set to hold a two-day public hearing on May 20 and 21 over proposals to increase electricity tariffs at both bulk and retail levels.The commission will hold hearings on May 20 on proposals submitted by the state-run Bangladesh Power Development Board (BPDB) to...

ERL to resume full operation today as crude oil supply stabilises

CHATTOGRAM, May 06: Production at Eastern Refinery Limited (ERL), the country's only state-owned oil refinery, is set to resume at full capacity from Thursday (today) following the easing of a crude oil shortage.Sources said an oil tanker carrying 100,000 tonnes of crude oil from Saudi Arabia reached the outer anchorage...

Draft Import Policy Order to be made public today for feedback

The government has initiated to a move to simplify trade facilitation measures, aimed at boosting exports in line with global regulations and the requirements of major trading partners, including the United States and the European Union (EU), officials said.The draft Import Policy Order (IPO) 2025-2028 is also expected to improve...

1.5m vaccines arrive amid measles outbreak

Bangladesh received a critical shipment of 1.5 million vaccine doses on Wednesday, including measles-rubella (MR) and tetanus-diphtheria (TD) vaccines, as the country has been battling a widening measles outbreak since mid-March.Meanwhile, seven more children died of measles and measles-like symptoms in the past 24 hours as of 8:00am on the...

Depositors of six distressed NBFIs seek BB action

An alliance representing more than 12,000 depositors of six non-banking financial institutions (NBFIs) currently under liquidation on Wednesday demanded immediate action by the Bangladesh Bank to recover funds that have remained trapped in the troubled institutions for nearly seven years, reports UNB.The demand was made from a silent human chain...

Govt raises launch fare

FE REPORT The government has raised launch fare to Tk 2.95 per kilometre from the previous Tk 2.77 for a travel up to 100 kilometres.For travel beyond the 100 kilometres the fare has been raised to Tk 2.52 from the previous Tk 2.38 per person. The lowest launch fare has...