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

Forming PM-led national committee stressed for quick-fire policy execution

A premier trade chamber presents a roadmap for the new government and urges it to take decisive steps within its first 100 days to stabilise the economy, strengthen financial management and restore private-sector confidence.The Metropolitan Chamber of Commerce and Industry (MCCI) Monday rolled out the plan of urgent dos in...

Smoke rises following a strike on the Bapco Oil Refinery

Smoke rises following a strike on the Bapco Oil Refinery on Sitra Island, Bahrain. — Reuters

High-powered body formed to devise Crisis Management Plan

The government has formed a high-level cabinet committee to devise a "Crisis Management Plan", aimed at safeguarding Bangladesh's economic stability in the face of ongoing wars and geopolitical tensions in different parts of the world, sources said.According to a document of the Prime Minister's Office (PMO), the main tasks of...

Central bank appoints observers to 4 banks

The Bangladesh Bank (BB) has appointed observers to four private commercial banks (PCBs) in a move aimed at improving their financial health through stronger monitoring and supervision.The banks are National Bank, Al-Arafah Islami Bank, Premier Bank, and IFIC Bank, officials say. "We have appointed observers to improve the overall financial...

Last-day rejection by interim govt clouds e-bus plan

A proposal to create a public transport fund (PTF) to ensure the financial viability of electric bus operations in Dhaka was rejected by the interim government on its final day in office, casting uncertainty over the planned rollout of the city's electric bus service despite growing demand for a modern...

ADB’s two-day meeting with govt starts today

The Asian Development Bank (ADB) would hold a meeting with government entities today to review its 48 ongoing projects worth nearly $10 billion, aiming to remove implementation hurdles, officials said on Monday. They said the Economic Relations Division (ERD), the ADB, and the government's project implementing agencies would begin the...

Power tariff hike urged amid increasing subsidies

The government should gradually increase power tariffs to ease mounting subsidy pressure on the country's economy amid the escalating Middle East crisis, leaders of the Bangladesh Independent Power Producers Association (BIPPA) said on Monday.They said Bangladesh's electricity sector is at a precarious crossroads due to a combination of global fuel-...

No shortage of edible oil, price hike unlikely, says minister

The government has assured consumers that there is no shortage of edible oil in the country and categorically ruled out any possibility of a price hike in the near future.Commerce Minister Khandakar Abdul Muktadir made the remarks while briefing reporters at his ministry after a review meeting with importers and...

HC questions BTRC inaction

The High Court has questioned the inaction of the Bangladesh Telecommunication Regulatory Commission (BTRC) authorities to take necessary legal action over illegal recruitment of 29 employees in the organisation. It issued a rule asking the bodies concerned of the government to explain why the inaction of the BTRC Chairman and...

A policeman attempts to seize a battery-run rickshaw

A policeman attempts to seize a battery-run rickshaw from entering VIP Road in the capital on Monday. Though the plying of such vehicles on the city's main roads is prohibited, the drivers defy the rule - FE Photo