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

Economic governance weaknesses likely to affect delivery

The delivery of the FY26 national budget appears to be shaped by persistent weaknesses in economic governance, including a lack of cooperation and inclusivity, poor coordination and harmonisation, and limited transparency and accountability, said Dr Debapriya Bhattacharya, convenor of the Citizen's Platform for SDGs and distinguished fellow at the Centre...

Jul-Apr ADP execution hits record low of 41.31pc

The government agencies continued to show poor performance in projects implementation as they spent only 41.31 per cent of the Annual Development Programme (ADP) during the first 10 months of the current fiscal, officials said on Monday.The ADP implementation rate during July-April period of the current FY2025 was the lowest...

Govt seeks to import one more LNG cargo in July

The government is expecting to import one more cargo of spot liquefied natural gas (LNG) in early July to meet the country's natural gas demand during the upcoming monsoon.State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) aims to purchase the spot LNG cargo for July 2-3 delivery window, a senior RPGCL...

BD needs inclusive labour reforms and effective institutions

International Labour Organisation (ILO) has suggested inclusive labour reforms and effectiveness of institutions for protecting workers' rights in all sectors of Bangladesh.For doing so, there is a need for strengthening capacities of inspectorate, courts and grievance authority to help enforce laws equally and effectively. Besides, Bangladesh should also expand the...

Bearing failure caused Biman plane's wheel to fall off mid-flight

A primary analysis has found that "bearing failure or malfunction" caused the detachment of one of the left wheels of the main landing gear of Biman Bangladesh Airlines' Dash-8 aircraft. However, the actual cause of the bearing failure in the aircraft would be known after the submission of the probe...

Govt to withdraw over 10,000 'political' cases of AL tenure

A case was filed against 15 leaders and activists of Bangladesh Nationalist Party (BNP) and its affiliated organisations in Manikganj on November 29, 2022, on charges of sabotage and creating panic in the public mind, reports BSS.In that case, 3 BNP activists were arrested that night. Referring to the case...

Sukuk oversubscribed 4 times in 6th auction

The Tk 20 billion Sukuk was oversubscribed more than four times to Tk 82.48 billion in its sixth auction held at the central bank on Monday, officials said.Around 35 institutions-both conventional and Shariah-compliant financial institutions and individuals took part in the auction of the Sukuk bonds. Profit or rent for...

Case against S Alam Group chief, others approved

The Anti-Corruption Commission (ACC) on Monday approved a case against S Alam Group Chairman Mohammad Saiful Alam and 30 others for allegedly embezzling TK 5.53 billion in loans from First Security Islami Bank (FSIB) through a shell company using forged documents, reports UNB.According to ACC findings, the accused, including current...

Biden diagnosed with 'aggressive' prostate cancer

NEW YORK, May 19 (Reuters): Former US president Joe Biden has been diagnosed with an "aggressive form" of prostate cancer that has metastasized to the bone, his office said in a statement on Sunday.Biden, 82, was diagnosed on Friday after having experie-nced urinary symptoms, and he and his family are...