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

BB dissolves existing ones for their ineffectiveness

The central bank has dissolved the boards of three private commercial banks (PCBs) mainly due to their ineffectiveness, a spokesperson for the Bangladesh Bank (BB) said on Thursday."Actually, the boards were ineffective as they were unable to make timely decisions because the chairmen were mostly staying abroad," Mohammad Shahriar Siddiqui,...

Veggies, beef, fish become pricier

Prices of a few vegetables, beef, mutton and riverine fish have increased while most of other commodities have shown a static trend or a decline in a week.Cauliflower and cabbage prices have increased by Tk5.0-10 a piece after maintaining a comparatively lower trend during this Rabi season. The vegetables were...

Yunus to hold talks with Xi Jinping on March 28: MoFA

Chief Adviser Professor Dr Muhammad Yunus is likely to hold bilateral talks with Chinese President Xi Jinping in Beijing on March 28, the foreign ministry's spokesperson said on Thursday, reports BSS."A bilateral meeting with the President of China is scheduled for March 28," Foreign Ministry spokesperson Mohammad Rafiqul Alam told...

DNCC seeks govt help to encash Tk 350m FDRs

Dhaka North City Corporation (DNCC) has sought government intervention to encash its Tk 350 million deposits stuck at various private commercial banks in the form of fixed deposit receipts (FDRs) for long.It recently requested the Financial Institutions Division (FID) under the finance ministry to take measures in this regard.According to...

Two banks provided with fresh liquidity support of Tk 25b

The central bank of Bangladesh on Thursday provided Tk 25 billion more as an emergency liquidity support to two Shariah-based Islamic banks for meeting their emergency needs. Of the total amount, Tk 15 billion was provided to Social Islami Bank PLC and Tk 10 billion to First Security Islami Bank...

Jamuna rail bridge fully opens Mar 18

The dedicated dual-gauge double-lane railway bridge over the Jamuna will be formally inaugurated on March 18, thereby launching the operation of all modes of train between Dhaka and the western zone.On February 12, the Bangladesh Railway (BR) launched the 4.8-kilometre bridge by operating commercial trains through its single track.Officials said...

Approach road work likely to be extended until Dec

CHATTOGRAM, Mar 13: The Ministry of Road Transport and Bridges is going to extend the deadline for building the six-lane 11.50-km Karnaphuli Tunnel connecting road by one more year until December 2025.The previous deadline ended in December 2024.According to sources, the Roads and Highways Department (RHD), the project implementer, recently...

3 killed in road crash in Ctg

CHATTOGRAM, Mar 13: Three persons, including two school-going siblings, were killed after a passenger bus crashed into a battery-powered rickshaw on Chattogram-Cox's Bazar highway in Chattogram.The accident took place at Dohazari Bazar under Chandanaish upazila around 8:30 am on Thursday.The victims were identified as Rizvi Akhter (14), her brother Adil...

LDC graduation in time: CA’s press secy

The government has decided not to defer the deadline for Bangladesh's graduation from a least developed country, or LDC, to a developing country.At an advisory council's meeting chaired by Chief Advisor Muhammad Yunus on Thursday, it took the final decision to withdraw from LDC status next year, according to schedule,...

Ban imposed on gatherings near Secretariat, Jamuna

The Dhaka Metropolitan Police (DMP) on Thursday imposed a ban on meetings, gatherings, processions and rallies near the Bangladesh Secretariat, the official residence of the chief adviser, Jamuna, and its surrounding areas until further notice to maintain public order.The announcement was made in a public notice signed by DMP Commissioner...

Govt to set minimum pay scales for physicians, nurses in pvt hospitals

The government will set the minimum wage scales for physicians and nurses working in the private hospitals, said Chief Adviser's Special Assistant Prof Dr Md Sayedur Rahman, reports UNB.He came up with the disclosure while speaking at a press conference at the Ministry of Health in the capital on Thursday."Physicians...

HC rules over paying Tk 500m in compensation for 'negligence'

The High Court (HC) has issued a rule asking why Tk 500 million should not be paid in compensation after a mother and her newborn child died due to 'negligence' at a hospital in Noakhali, reports bdnews24.com.The bench of Justice Fahmida Quader and Justice Mubina Asaf issued the rule following...

Salaries, allowances by 20th Ramadan: Govt circular

The government has said in a circular that all the arrears of industrial workers such as salaries and festival allowances, will be paid within the 20th of Ramadan, reports bdnews24.com.It was also decided that factory authorities will pay workers 15 days' salary for March per their respective capacity.Highlighting the decisions...

Names of three medical universities changed

The names of three medical universities have been changed in a meeting of the advisory council as part of the ongoing efforts to remove references to deposed premier Sheikh Hasina and her family members from different establishments, reports bdnews24.com.Bangabandhu Sheikh Mujib Medical University, or BSMMU, has been renamed Bangladesh Medical...

Adviser Sharmeen seeks stronger global ties, investment to advance gender equality

Women and Children Affairs Adviser Sharmeen S. Murshid called for stronger global cooperation and investment to advance gender equality, renewing commitments to ensure that no woman or girl is left behind, reports BSS. She made the call while delivering Bangladesh's national statement at the 69th session of the Commission on...