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

Insurers balk at regulator's power to intervene in failing cos

Insurers seem inclined to buy time to study a draft law vesting sweeping new powers in the regulator to intervene in failing companies in a bid to restore confidence in an industry weakened by chronic delays in claim settlement.The Bangladesh Insurance Association (BIA), the umbrella body for privately owned insurers,...

DEATH OF A WATER BODY AND INDISCRIMINATE ENCROACHMENT

The long row of car showrooms seen on the right emerged from nowhere soon after the fall of the autocratic regime on August 05 last year. None knows who owns the land on which those shops are built. Before August 05, most part of the vacant land along both sides...

Dhaka awaits China's response on $550m fund request

More than two months after seeking $550 million from China to fund the first phase of the Teesta River Comprehensive Management and Restoration Project, Bangladesh is still waiting for a formal response, officials have said.In July, the government submitted a funding request to Beijing but has not received any reply,...

BPC posts consistent monthly profits under new fuel pricing formula

Bangladesh Petroleum Corporation (BPC) has reported consistent monthly profits since the introduction of the automatic fuel pricing formula in March 2024, driven by regular price adjustments and margins on petrol, octane, and diesel sales.State-run Bangladesh Petroleum Corporation (BPC) has been making profits every month since the introduction of the automatic...

False cases, mob justice tarnish ‘govt's image’

BNP Standing Committee member Salahuddin Ahmed has said that filing of numerous cases and the incidents of 'mob justice' following the fall of the previous regime have done the biggest damage to the image of the current interim government."Since August 5, 2024, the two major things that have harmed this...

People will decide on PR system: Salahuddin

BNP Standing Committee Member Salahuddin Ahmed has said it is ultimately up to the people to decide whether the next national election should be held under the Proportional Representation (PR) system, report agencies."BNP believes in resolving the matter through dialogue. If there is a demand for holding elections under the...

Paramilitary drone attack on a mosque in Sudan kills 70

CAIRO, Sept 20 (UNB): A drone attack blamed on Sudan's paramilitary group Rapid Support Forces struck a mosque during prayers Friday, killing at least 70 worshippers in the North Darfur region, aid workers and the Sudanese army said.The strike in the besieged city of El Fasher completely destroyed the mosque,...

Fire at Satkhira grid station cuts power for 3 hrs

A fire has broken out at the main power grid station in Satkhira Sadar Upazila, plunging the entire district into a three-hour blackout, reports bdnews24.com.The incident occurred around 11:00am on Saturday when a transformer at the 132/33 kV power grid station in Binapota area exploded, according to Russell Islam, the...

Two siblings stabbed dead in Chuadanga

CHUADANGA, Sept 20 (UNB) : Two siblings were stabbed and beaten to death allegedly by rivals at Utholi in Jibannagar upazila of Chuadanga district on Saturday.The deceased were identified as Anwar alias Minto, 55, and Hamza, 45, two sons of Khoda Box of Utholi village.Quoting local people Mamun Biswas, officer-in-charge...