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

CPD estimates loss and damage worth Tk 144.2b

The severe flooding that devastated the country's eastern region in August has caused losses and damages worth at least Tk 144.1 billion (US$1.23b), according to a latest study.The flood, mainly caused by the sudden release of river dam water by neighboruing India without any warning, coupled with heavy rains caused...

BTTC suggests halving RD on sugar imports

Bangladesh Trade and Tariff Commission (BTTC) on Sunday suggested halving the regularity duty (RD) on sugar imports, from existing 30 per cent to 15 per cent to keep the prices of the staple in the market under control during the upcoming fasting month Ramadan.It also suggested intensifying surveillance by law-enforcers...

Saber Hossain Chowdhury arrested

Dhaka Metropolitan Police have arrested former minister Saber Hossain Chowdhury in Dhaka, reports bdnews24.com.He was picked up from Gulshan on Sunday, DMP's spokesperson Muhammad Talebur Rahman said in a message to the media.He faces charges in a case filed in September over the alleged killing of a Jatiyatabadi Chhatra Dal,...

Tarique Rahman to face his cases following legal process

BNP acting chairperson Tarique Rahman will face all the cases filed against him through due legal process, said his lawyer Barrister Kayser Kamal. In a briefing on the Supreme Court premises on Sunday, Barrister Kayser, also Legal Affairs Secretary of BNP, said, "The cases in which Tarique Rahman had been...

Remove buses, trucks older than 20-25 years from roads

The environment ministry on Sunday said it has taken initiative to remove buses and trucks older than 20 and 25 years respectively from roads and make emission testing mandatory in issuing fitness certificates for vehicles.The ministry has sent a letter to the Bangladesh Road Transport Authority (BRTA) to this effect...

Jul-Aug uprising fatalities revised up to 736

The health ministry on Sunday published a list of 736 people killed during the student-led anti-discrimination movement in July-August this year. The ministry unveiled the updated draft list of the casualties on its website keeping it open for further revision.Earlier on September 24, the ministry published the first draft list...

US backs food security project in Bangladesh

The U.S. Trade and Development Agency (USTDA) has announced it awarded a feasibility study grant to Bonton Foods Limited (Bonton Foods), a Bangladeshi prepared foods and cold chain services company, to support deployment of a temperature-controlled logistics network of cold storage refrigeration warehouses in Bangladesh. The study's goal is to...

Remittance inflow $425m in five days of October

Bangladesh received inward remittance of US $ 425 million in five days of October, showing an uptrend of $100 million remittance flow year-on-year, reports UNB.According to Bangladesh Bank's latest update, the expatriates sent $325 million remittance during the same period (October 1-5) in 2023.The expatriates sent inward remittance of $...

Yields on T-bills fall slightly _

The yields on two types of treasury bills (T-bills) fell slightly on Sunday as banks expressed willingness to invest their excess liquidity in short-term securities.The cut off yield, generally known as interest rate, on the 91-day T-bills came down to 11.45 per cent on the day from 11.48 per cent...

Pedestrians, especially the elderly, risk their lives while crossing over

Pedestrians, especially the elderly, risk their lives while crossing over the central reservation of Mayor Hanif Flyover amid fast-moving traffic. The snap was shot in Dhaka's Tikatuli area on Sunday. — FE Photo

India beat BD in T20 series opener

India won by 7 wickets (with 49 balls remaining) in their first Twenty20 cricket match of the current series against Bangladesh at the Shrimant Madhavrao Scindia Cricket Stadium in Gwalior on Sunday.Batting first, Bangladesh scored 127 all out. In reply, India scored 132 for the loss of three wickets to...

Maritime secy resigns, appointment of ambassador cancelled

Secretary of Maritime Affairs at the Foreign Ministry, Rear Admiral (Rtd) Khorshed Alam, the longest-serving official with a contractual appointment, resigned on Sunday. Mr. Alam's resignation followed widespread criticism from influential quarters regarding his support for the previous regime led by Sheikh Hasina.Mr. Khorshed was appointed as the head of...

21 Bangladeshis held in Malaysia

The Immigration Department in Malaysia has dismantled a syndicate trafficking foreigners disguised as athletes after detaining 21 Bangladeshi nationals in Maluri, Kuala Lumpur, reports UNB.Immigration Director-General Datuk Zakaria Shaaban said three of those arrested are believed to be key members of the syndicate, reports Malaysian news agency Bernama. "Two of...

Price hikes: Seven businesses fined in market monitoring drive

Two teams of the Ministry of Commerce have fined seven businesses Tk 29,000 while monitoring the market to keep the prices of essential commodities stable reports UNB.The monitoring activities were conducted in Dhaka's New Market kitchen market and Gulshan kitchen market on Sunday afternoon.In New Market, a team led by...