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

Competition commission clears way for full probe

The Bangladesh Competition Commission (BCC) has thrown out an attempt by Grameenphone (GP) to block an investigation into allegations of anti-competitive conduct, dealing a major setback to the country's largest mobile operator and clearing the way for a full probe into its alleged market abuse.In a ruling on Monday, BCC...

People march with a giant Palestinian flag during a nationwide strike "Let's Block Everything"

People march with a giant Palestinian flag during a nationwide strike "Let's Block Everything" in solidarity with Palestinians in Gaza and calling for a halt to arms shipments to Israel, in Rome on Monday. USB union has organized a 24-hour national general strike across all sectors to demand that the...

RUCSU polls deferred by 20 days

The Rajshahi University Central Students' Union (RUCSU) election, originally scheduled for September 25, has been deferred by 20 days due to what authorities described as an "unfavourable situation" on the campus. The election is now set for October 16.In an official notification on Monday, Chief Election Commissioner Prof F Nazrul...

Supreme Court proposes specialised commercial courts nationwide

The Supreme Court (SC) has submitted a proposal to the law ministry recommending the establishment of specialised commercial courts across the country to ensure faster and more efficient resolution of business-related disputes.Supreme Court authorities finalised the proposal after consulting various stakeholders. To this end, they held seminars at different times...

BB buys $129.5m from 13 banks as intervention continues

The central bank purchased US$129.50 million more through auction from 13 banks on the interbank spot market on Monday aiming to keep the exchange rate of the US dollar against the local currency stable.The amount was bought under the Multiple Price Auction method and the cutoff rate was Tk 121.75...

Ex-Premier Bank chair's attempt thwarted

Former chairman of Premier Bank PLC and ex-Awami League lawmaker HBM Iqbal allegedly attempted to withdraw Tk 2.87 billion from the private commercial bank through various means, despite a prior freeze on the accounts by the Bangladesh Financial Intelligence Unit (BFIU). The attempt was ultimately thwarted with the support of...

Gold price hits new record

The price of gold has surged again in the local market, with Bangladesh Jewellers' Association (BAJUS) setting a new record of Tk 191,196 per bhori (22-carat), up by Tk 1,574, reports UNB. BAJUS announced the revised rates in a press release on Monday night, saying the new prices will take...

Chemical fire in Tongi: Three victims critical

The condition of three victims, who suffered burn injuries during a fire at a chemical warehouse in Tongi, was stated to be critical, said physicians of National Institute of Burn and Plastic Surgery, reports UNB.Assistant registrar of the National Institute of Burn and Plastic Surgery, Dr Fazle Rabbi said four...

Visitors at the week-long solo photography exhibition

Visitors at the week-long solo photography exhibition by Muhammad Mostafigur Rahman that began in New York on Saturday. The event, marking the International Day of Peace, was arranged by Save the People in collaboration with the United Nations Association of USA-Queens Chapter, the Peace Center of USA, and the Interfaith...