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

Maintain distinctive characters of Bangla, says PM

Prime Minister Sheikh Hasina laid emphasis on maintaining the distinctive characters of Bangla and the country's culture and tradition while moving ahead to cope with the global pace, reports UNB."We need to make sure we must not forget our language, culture and tradition. We may have to learn many languages,...

Cost escalates by Tk 50bn before construction begins

The estimated cost of Padma rail-link project has been revised upward by Tk 50 billion before start of construction of railway infrastructure in one and a half years now.The overall cost of the project has mainly gone up for paying three times higher for land acquisition.Meanwhile, sources said, the Bangladesh...

Newborn deaths still high in BD

Around 62,000 newborn babies and 83,000 stillborn babies die every year in Bangladesh due to some preventable causes.Globally, deaths of newborn babies remain alarmingly high, particularly among the world's poorest countries, according to a global report released Tuesday.Releasing the report, UNICEF launched a campaign styled 'Every Child Alive', said a...

BPC seeks DCs’ help to curb fuel oil smuggling

State-run Bangladesh Petroleum Corporation (BPC) recently sought intervention by deputy commissioners (DCs) of bordering districts to check smuggling out of fuel oil across the border.It also requested the Energy and Mineral Resources Division (EMRD) under the Ministry of Power, Energy and Mineral Resources (MPEMR) to take necessary measures against taking...

RMG market expansion faces lots of challenges

Low productivity, shortage of mid-level management professionals and limited backward and forward linkages are among major challenges that need to be addressed for further expansion of the country's RMG sector, according to a recent study.In addition, the study has identified product and market concentration, high tariff and non-tariff barriers to...

TIB airs concern over unapproved medicines seizure from Apollo

Transparency Interna-tional, Bangladesh (TIB) has aired concern over the seizure of unapproved and counterfeit medicines from Apollo Hospitals Dhaka as well as using expired medicines in the private sector hospital. TIB also expressed its dismay over the 'nominal' amount of financial penalty imposed on the hospital following the incident. The...

Lawyers file appeal with HC against Khaleda’s sentence

Lawyers of BNP chairperson Khaleda Zia filed an appeal with the High Court challenging her sentence in the Zia Orphanage Trust case on Tuesday afternoon, reports UNB.Barrister Kaiser Kamal, law affairs secretary of BNP, said they filed the appeal around 3:30 pm with the High Court against BNP chairperson Khaleda...

ACCA holds workshop on financial reporting

ACCA Bangladesh held a daylong workshop on the 'Importance of Financial Reporting' at the Bangladesh Hi-Tech Park Authority (BHTPA) at Janata Tower in the city on Sunday, says a press statement. Professionals from finance and accounting department of different IT firms took part in the workshop conducted by ACCA member...