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

Steamer in BD embraces Titanic's nemesis

Passenger steamer in Bangladesh now embraces Titanic's fate with the last state-run two docked Thursday as the imposing Padma Bridge conquered the mighty river and made them irrelevant.Sources said the water-transport corporation suspended services of its remaining two passenger-carrying steamers because of ballooning losses. With the sudden decision, Bangladesh Inland...

Hasina for global solidarity to face crises caused by Ukraine war

NEW YORK, Sept 22 (BSS): Prime Minister Sheikh Hasina on Wednesday stressed the need for strong political commitment and global solidarity in finding ways to overcome the crises caused by Ukraine war that has rattled the global economy and added fresh challenges to Covid-19 recovery and SDG implementation process."We do...

Abdullah named IGP, Khurshid to head RAB

Chowdhury Abdullah Al-Mamun, director general of Rapid Action Battalion, has been appointed inspector general of police.M Khurshid Hossain, an additional IGP, will succeed Al-Mamun as the RAB chief, the government announced on Thursday.Earlier, the government issued a notice confirming Benazir Ahmed's retirement as police chief.Benazir had worked as Dhaka Metropolitan...

New Indian envoy Pranay Kumar in city

Newly-appointed Indian High Commissioner-designate to Bangladesh Pranay Kumar Verma has arrived in Dhaka, reports UNB.Verma, who most recently served as Ambassador of India to Vietnam, arrived in Dhaka on Wednesday night, an official told the news agency.He will formally take up the assignment shortly after submitting his credentials to President...

PM attends Joe Biden's reception

NEW YORK, Sept 22 (BSS): Prime Minister Sheikh Hasina on Wednesday joined a reception here hosted by the US President Joe Biden.The US president along with his wife hosted the event this evening at American Museum of Natural History in honour of heads of the state and heads of the...

Age limit raised by 3 years 3 months for govt service

Considering the Covid-19 fallout, the government has raised the maximum age limit by three years and three months for entering government service, reports UNB.The Public Adminis-tration Ministry issued a gazette notification in this regard on Thursday.This will not be applicable for BCS exams under Public Service Commission (PSC), said the...

Court opens hearing on ACC case against PK Halder, 13 others

A Dhaka court has started to record testimonies against Proshanta Kumar Halder, the former managing director of NRB Global Bank and Reliance Finance Limited, and 13 others in a case over money laundering and accumulation of illegal wealth worth Tk 4.25 billion, reports bdnews24.com.Judge Mohammad Nazrul Islam of Dhaka Special...

Europe throws billions at energy crisis

PARIS, Sept 22 (AFP): Almost every week now, European governments are announcing emergency measures to protect households and businesses from the energy crisis stemming from Russia's war in Ukraine.Hundreds of billions of euros-and counting-have been shelled out so far since Russia invaded its pro-Western neighbour in late February.Governments have gone...

US jury orders Meta to pay $174.5

SAN FRANCISCO, Sept 22, 2022 (BSS/AFP) - A US jury on Wednesday ordered Meta to pay $174.5 million for violating live-streaming patents developed by a US Army veteran seeking to fix shortcomings in battlefield communications.A trial in Texas federal court ended with jurors deciding that "live" features at Facebook and...

Correction (2022-09-23)

A mix-up has occurred inadvertently in an infographic published with a report on 'Impact of inflation on economy: Part III' in the front page of the FE in its September 22 issue. The photo printed alongside a quote of Prof Dr Moinul Islam, a former chairman of economics department at...