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

Allow 'free of cost' raw material imports

The Leathergoods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) on Tuesday urged the government to allow 'free of cost' import of raw materials, similar to the facility provided to the textile sector.Under the ready-made garment industry, factories are provided with the facility to import raw materials sent by...

Ziaur Rahman’s award reinstated

The interim government has reinstated the Independence Award of former President Ziaur Rahman (posthumous) declared in 2003 and picked seven individuals for this year's Independence Award, the highest civilian award, for their outstanding contributions to the country, report agencies.The Cabinet Division issued a notification in this regard on Tuesday.The then...

Protesters clash with police near Shahbagh

Protesters demanding justice for recent rapes and other crimes against women and girls clashed with law enforcers in the city on Tuesday while trying to cross a police barricade in the area of the InterContinental Dhaka hotel.The protesters demanded maximum punishment for those guilty in the crimes including the incident...

Yield on 5-yr BGTBs surges

The yield on five-year Bangladesh Government Treasury Bonds (BGTBs) rose significantly on Tuesday as banks have expressed their unwillingness to invest in the securities before the upcoming Eid festival.The cut-off yield, commonly referred to as the interest rate, jumped to 11.50 per cent on the day from 10.47 per cent...

Saudi Arabia's big push to boost tourism

It was more than a century ago, a man from Kashmir in British India travelled to Hejaz, western part of today's Kingdom of Saudi Arabia (KSA). At that time, the region was a part of the Ottoman Empire and the holy city of Makkah along with Madinah and Jeddah also...

HC questions legality of unauthorised MFIs, co-ops

The High Court has questioned the legality of financial activities run by unauthorised private microfinance institutions (MFIs) and cooperative societies, as well as informal local money-lenders. It has issued a rule upon the government bodies concerned to explain why their inaction and failure to monitor and supervise the financial activities...

Bank accounts frozen, property attached, travel ban imposed

A Dhaka court on Tuesday ordered the Anti-Corruption Commission (ACC) to freeze 124 bank accounts of ousted Prime Minister Sheikh Hasina, her sister Sheikh Rehana, seven of their family members, and organisations related to them over corruption allegations. Judge of the Metropolitan Senior Special Judge's Court in Dhaka Md Zakir...

Couple arrested from Faridpur

Police on Tuesday arrested a couple in connection with the gruesome murder of Habibullah Bahar College vice-principal (acting) Saifur Rahman Bhuiyan in Uttarkhan area of the capital.Acting on a tip-off, the law enforcers hunted down the couple during a raid in Faridpur. The arrested couple have been identified as Nazim...

Govt to launch shortcode, police hotline service

The interim government has decided to launch a shortcode along with the police hotline service aiming to prevent violence against women.This is one of the four government initiatives to digitise the police services, said a press release of Chief Adviser's Press Wing, reports BSS.Special Assistant to the Chief Adviser on...

Court orders seizure of Aziz Khan's land in city

A court has ordered the seizure of 38,800 square feet of land owned by former Gopalganj-1 MP Farook Khan's brother Aziz Khan, chairman of the Summit Group, and his associates, reports bdnews24.com.The market valuation of the land has been shown as Tk 14.6 million, while the real valuation stands at...

Consensus on reforms expected on time: Ali Riaz

The National Consensus Commission is determined to reach a national consensus on reforms within the stipulated timeframe, said the commission's Vice Chairman Prof Ali Riaz, reports UNB.He made the remark while European Union Ambassador to Bangladesh Michael Miller paid a courtesy call on him at the commission's office in the...