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

BR mulls over fare hike on ADB pressure

Bangladesh Railway (BR) is planning to raise fares for both passenger and freight trains to meet a requirement of the Asian Development Bank (ADB) as part of the railway reform programme.The last time the BR revised its fares was three years ago, although the reform programme called for revision of...

BCB scents 'conspiracy'

Bangladesh Cricket Board (BCB) President Nazmul Hasan said on Tuesday some people are conspiring to destroy the image of Bangladesh cricket abroad and instigating the country's top cricketers to stand against the board, reports UNB. The BCB president came up with the remark in an emergency press conference at Sher-e-Bangla...

Move to install NEIR system

Mobile phone users can register or deregister their devices online under the National Equipment Identity Register (NEIR) system once the mechanism is set up. "Individuals can be allowed to register their own devices they basically buy from abroad and intend to use them in our country," according to a draft...

Naruhito ascends to throne formally

TOKYO, Oct 22 (Agencies): Japan's Emperor Naruhito has formally proclaimed his ascension to the throne in an elaborate ceremony.The emperor, 59, officially began his reign in May after the abdication of his father, the then-Emperor Akihito.His ascension has now been formalised after a series of rituals.The ceremony comes as Japan...

Hefajat stages demo in city over Bhola incident

As part of its countrywide programme, Hefajat-e-Islam staged a demonstration in front of Baitul Mukarram National Mosque on Tuesday protesting the killing of four people in Sunday's violence in Bhola's Borhanuddin upazila following a blasphemous Facebook post from a hacked account, report agencies.Several thousand supporters of Hefajat gathered at the...

ECNEC okays high-cost chancery bldg in KSA

The government on Tuesday approved a high-cost Bangladesh chancery complex construction project in the Kingdom of Saudi Arabia (KSA) along with four other projects.The Executive Committee of the National Economic Council (ECNEC) at its meeting in Dhaka approved the Tk 2.09-billion cost chancery complex project in Saudi Arabia, setting aside...

HC order on Robi's plea against BTRC claim tomorrow

The High Court fixed October 24 to pass an order on an appeal filed by Robi Axiata Ltd, seeking an injunction against the Bangladesh Telecommunication Regulatory Commission's move to realise Tk 8.67 billion from the mobile phone operator.The HC bench of Justice Mamnoon Rahman and Justice Khizir Hayat passed the...

BB updates BEFTN system

The Bangladesh Bank (BB) has updated its electronic funds transfer system that will come into effect from tomorrow (October 24) to facilitate business activities across the country. Payments will be settled within a day instead of the existing next day by using the updated Bangladesh Electronic Funds Transfer Network (BEFTN),...

N'ganj-2 MP under NBR scanners

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has asked all banks to furnish information on bank accounts of a lawmaker, his wife and companies for investigation into his wealth.The CIC has sought information on bank accounts of Nazrul Islam Babu, a member of parliament from...

Files and other materials

Files and other materials of different offices at the BGMEA Bhaban at Karwan Bazar in the city being removed on Tuesday as the building is likely to be dismantled next week — FE photo by KAZ Sumon

Mahathir stands by Kashmir comments despite palm oil boycott by India

KUALA LUMPUR, Oct 22(Reuters): Malaysian Prime Minister Mahathir Mohamad said on Tuesday he would not retract his criticism of New Delhi's actions in the disputed region of Kashmir even though Indian traders have urged a boycott of Malaysian palm oil.The impasse could exacerbate what Mahathir described as a trade war...

Police seen outside Bhola Hatkhola Jame Masjid

Police seen outside Bhola Hatkhola Jame Masjid to prevent a procession being taken out on Tuesday by Sarbodaliya Muslim Oikya Parishad — Focus Bangla