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

Economists fear family ‘oligopoly’ in banking

Financial experts said majority stakeholders of banks disfavor the latest legal amendment as they fear inducting four members of a family into bank boards would help establish oligopoly in the banking industry.They said customers and bankers, the two key stakeholders in banking, are not favouring the amendment to the Banking...

No meat import to save local farmers

Fisheries and Livestock Minister Narayan Chandra Chanda said on Wednesday the government will not import meat considering the interest of local farmers. Opposing the Ministry of Commerce's move to import frozen meat from India, the minister said the country has been producing the item more than its demand. He gave...

Govt plans March re-launch of Tk 10 rice programme

The government is set to re-launch a programme in March, under which the ultra-poor people will get rice at Tk 10 per kilogramme (kg).The move comes after suspension of the programme during the period of September to November last year due to shortage of rice, officials said. Earlier in 2016...

Dr Kashem Chy passes away

CHITTAGONG, Jan 17: Former Health Officer of Chittagong City Corporation Dr Mohammed Abul Kashem Chowdhury died at his city residence at Chandgaon in the city on Tuesday. He died at 9.30 am at the residence, family sources said adding that he had been suffering from old age complications for a...

Five public sector plants suspend power generation

CHITTAGONG, Jan 17: Generation in all five gas-based government power plants in Chittagong remain suspended due to severe gas crisis. Only half of the industrial and domestic demand for gas could be supplied in recent months as the region has been suffering from shortage of the energy for the last...

Pranab Mukherjee pays homage to Pritilata Waddedar

Former Indian President Pranab Mukherjee pays homage to British-era revolutionary nationalist Pritilata Waddedar at Pahartali European Club in Chittagong on Wednesday. — Focus Bangla

Job-oriented curriculum in focus at dev forum

Discussants at a programme on Wednesday observed that despite remarkable success rates in public examinations, the country's education system still lacks job-oriented curriculum.The country also needs to invest more in education sector to avert the risk of middle-income trap and sustain the development growth, they noted. They were addressing a...

HC stays DNCC polls for three months

The High Court (HC) stayed on Wednesday for three months the by-polls to Dhaka North City Corporation (DNCC) mayoral post and elections to the councilor posts in 36 new wards, reports agencies.A two-member HC bench comprising Justice Naima Haydar and Justice Zafar Ahmed passed the order Wednesday morning.The court also...

Police shoot dead seven Buddhists in Rakhine

Myanmar police shot dead seven demonstrators and 12 were injured in troubled Rakhine State, after a local gathering celebrating an ancient Buddhist Arakan kingdom turned violent, report agencies.The demonstrators gathered late on Tuesday in Mrauk U township in the northern part of Rakhine to mark the end of the Arakan...

Students of Dhaka University dismantle a fencing

Students of Dhaka University dismantle a fencing while laying siege to the office of the DU proctor on Wednesday demanding cancellation of seven colleges’ affiliation. — Collected

HC orders DU to hold DUCSU election in six months

The High Court has ordered Dhaka University authorities to take steps to organise DUCSU elections in six months, reports bdnews24.com.Justice Syed Muhammad Dastagir Husain and Justice Md Ataur Rahman Khan passed the order on Wednesday after disposing of a six-year-old rule.Twenty-five students of Dhaka University filed a writ petition in...