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

BB buys $45m more from banks to stabilise forex mkt

Bangladesh Bank (BB) on Thursday purchased US$45 million more from commercial banks in a bid to help keep the country's foreign-exchange (forex) market stable.With the latest amount, the central bank has, so far, bought US dollars amounting to $539 million from commercial banks operating in the country since July 13...

Govt moves to enforce global Common Reporting Standard

In a move to ensure greater transparency in financial transactions, the government is set to amend relevant laws to implement the Common Reporting Standard (CRS), an international framework.To this end, the Financial Institutions Division (FID) under the Ministry of Finance has already formed a 10-member committee, said sources at the...

Crucial step taken by interim govt in a yr: BNP

BNP leader Salahuddin Ahmed on Thursday said the chief adviser's (CA) letter sent to the Election Commission (EC) was the most important step taken by the interim government in a year. The nation was waiting this, he said. Earlier in the day, the Election Commission said it had received a...

Over 500 illegal structures erected near airports, says CAAB

Since 2011, at least 525 illegal high-rise buildings have been constructed along the approach paths of Dhaka's Hazrat Shahjalal International Airport (HSIA) and the old Tejgaon Airport runways, exceeding the approved height limits.Chairman of the Civil Aviation Authority of Bangladesh (CAAB), Air Vice Marshal Md Mostafa Mahmood Siddiq, disclosed the...

Authorities mull retendering after bid far exceeds estimate

Amid an extraordinarily high price quote in the bid, the authorities are now likely to retender one work package of MRT Line-5 to construct underground stations and their links with the main track.The Mass Rapid Transit Line-5 (MRT-5) project office has already sought the concurrence of the project's Japanese financier...

Health ministry marks 10 flaws

The health ministry has identified 10 major structural and systemic flaws, describing them as "diseases", in Bangladesh's healthcare system as part of an ongoing reform initiative, reports bdnews24.com.On Thursday, Sayedur Rahman, special assistant to the chief advisor, said the diagnosis follows one year of governance, during which the ministry consulted...

Dismissed officials of Al-Arafah Islami Bank stage a sit-in in front of the bank's head office

Dismissed officials of Al-Arafah Islami Bank stage a sit-in in front of the bank's head office at Purana Paltan on Thursday, demanding reinstatement. At one point, the bank's security personnel attack the protesters, triggering clashes. At least 20 people, including the head of the bank's human resources (HR), were injured...

Irregularities hit approved centres in Dhaka

Several medical check-up centres approved by the Gulf Health Council (GHC) on Thursday expressed concern over serious irregularities in the medical examination process for outbound migrant workers, reports UNB.They also alleged software manipulation and discrimination that have left many legitimate centres struggling.In a briefing held at the national press club,...

Bangladesh's ties with ASEAN nations to be strengthened: Farooki

Cultural Affairs Adviser Mostofa Sarwar Farooki has expressed the hope that Bangladesh's friendly relations with ASEAN (Association of Southeast Asian Nations) countries will deepen further in the coming days, reports UNB. "The roots of our relationship with ASEAN countries run deep-built on shared history, heritage, culture, and religious values. There...

Scholarship exam for madrasah fifth graders reintroduced

The scholarship examinations for fifth-grade students under the Ebtedayi madrasah will be held in December this year, reports BSS.According to a press release, candidates under the Bangladesh Madrasah Education Board will take exams in five subjects.The examinations will be held on December 21, 22, 23, 24, and 28.Only students of...