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

Global fashion brands fail to address exploitative purchasing practices

Only 12 per cent of the surveyed 250 global fashion brands publish a responsible purchasing code of conduct, according to the latest fashion transparency index. The fashion industry still grapples with problematic purchasing practices, as apparel brands and retailers persistently exert exploitative economic pressure on factory owners. Unfortunately, the brunt...

New rail line opens turning entire Dhaka-Ctg route into double one

Prime Minister Sheikh Hasina on Thursday said the government has no intention to obstruct the political programmes of BNP-Jamaat, but won't spare them if they repeat any destructive activity, reports UNB."We will not obstruct them in doing politics and are not doing so as well. But they won't get spared...

Govt hospitals struggle with overcrowding of dengue cases

Fifty-year-old Sokhina Begum admitted her son to Dhaka Medical College Hospital (DMCH) with dengue fever four days ago and was struggling to manage a bed for him, but made a little fortune.Hailing from Matuail of Dhaka, Sokhina along with another family member stays with the 25-year-old who developed unusual fever...

Govt resets margins of upstream, downstream gas companies

Keeping the retail tariff of natural gas for the consumers, the government has reset the margins and charges of the gas value of different upstream and downstream companies, reports UNB.The Energy and Mineral Resources Division of the Ministry of Power, Energy and Mineral Resources brought this change in the margins...

Commoners battered as fish, garlic, veg become costlier

Prices of fish, garlic and a few vegetables have shot up further in a span of seven days in the city markets, adding to woes of the already-battered consumers.Tomato, ginger and green chilli remained static maintaining their previous highs as those were sold at Tk300-320 a kg, Tk 320-400 and...

PM off to Rome Sunday

Foreign minister Dr AK Abdul Momen Thursday said two Memorandum of Understandings MoUs) are likely to be signed between Dhaka and Rome as Prime Minister Sheikh Hasina is going to visit Italy from July 24-26, reports BSS."During this visit of the Prime Minister, two MoUs- 'Cooperation in the Field of...

IMED official suspended for 'misconduct'

SM Hamidul Huq, an additional secretary of the government and the immediate past chief of the Implementation, Monitoring, and Evaluation Division (IMED), has been suspended for his "misconduct".An official order, issued on Thursday, said that Mr Hamidul Huq has been suspended (temporarily) under the Civil Servant (Discipline and Appeal) Rules...

EC seeks judicial body to probe attack on Hero Alam

The Election Commission (EC) demanded on Thursday that authorities form a judicial inquiry committee to investigate into the attack on independent candidate Ashraful Alam alias Hero Alam in Dhaka-17 by-election, reports UNB.The commission will send a proposal to the government, EC Additional Secretary Ashok Kumar Debnath told the media on...

Outrage in India over video of Manipur women paraded naked, raped

A video showing two women being paraded naked by a mob in the north-eastern state of Manipur, hit by violent ethnic clashes, has sparked outrage in India, report agencies.The police say they have opened a case of gang rape and arrested a man, adding that others will be held soon....

Gold price surpasses Tk 0.1 million-mark

The price of gold in Bangladesh has surged to a new all-time high, crossing the Tk 0.1 million-mark for the first time.The Bangladesh Jewellers' Association (BAJUS) announced on Thursday that the new price of gold per bhori (11.664 grams) will be Tk 100,778. This is an increase of Tk 1,984...