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

Payra seaport misplaced, a 'wound' to economy

Planning Adviser Dr Wahiduddin Mahmud irately likens the Payra port to a festering wound to the economy and says a seaport is being built at a location that is not even suitable for a river-port."At best, it could serve as a simple Ghat," the adviser of the interim government told...

Eid tickets being overcharged

Road, air and waterway tickets are being overcharged arbitrarily, thereby creating anarchy ahead of Eid, says a passenger rights group, calling for an immediate end to this anarchy.In such a chaotic situation, extra fares ranging from Tk 300-1,500 are being charged for AC-non/AC buses on various routes from Dhaka to...

Tk 12.5b remittance, export incentives released It is the 3rd instalment allocated for FY25

The government has released Tk 12.50 billion to pay remittance and export incentives, according to sources.Cash incentives of some Tk 10 billion and Tk 2.5 billion were released for remittance beneficiaries and local exporters, respectively, through separate orders issued by the Finance Division recently. This is the third instalment of...

Army hosts iftar for students injured in July uprising

Bangladesh Army hosted an iftar and dinner in honour of the students injured in the 2024 July-August uprising at Senamalancha in Dhaka Cantonment on Sunday.Chief of Army Staff General Waker-Uz-Zaman was present as the chief guest at the event, said an ISPR press release.During the iftar and dinner, the army...

BIDA chief prioritises job creation over FDI volume

Bangladesh Investment Development Authority (BIDA) Executive Chairman Ashik Chowdhury has emphasised the need to shift the focus of foreign direct investment (FDI) from its monetary volume to the number of jobs it creates."I would personally prefer a $10 million investment that creates 1,000 jobs over a $100 million investment that...

One-minute nationwide blackout tomorrow

Bangladesh will observe a one-minute nationwide blackout on Mar 25 to commemorate the horrific night the Pakistan Army launched a massacre of the Bengali people in 1971, reports bdnews24.com.According to a press release from the Ministry of Liberation War Affairs, the entire country will remain in darkness for one minute...

Milkvita hikes Tk 10 per litre before Eid

This time, the state-run dairy brand Milkvita has also raised the price of packed milk by Tk 10 per litre, raising concern among consumers ahead of the Eid-ul-Fitr festival.Their latest move came following an escalation in milk price by its private peers.Milkvita, which was a cheaper option for consumers, started...

Freeze bank accounts of GM Quader, wife: NBR

The central intelligence cell (CIC) has asked the commercial banks and non-banking financial institutions to freeze bank accounts of politician GM Quader, his wife Sharifa Quader.In an order, sent to the managing directors of the scheduled banks and NBFIs, the CIC under the National Board of Revenue (NBR) has instructed...

BR to launch new trains on Dhaka-Narsingdi-Bhairab Bazar route

Bangladesh Railway (BR) will launch new commuter trains on Dhaka-Narsingdi-Bhairab Bazar-Dhaka route and replace the rake of coaches on Dhaka-Narayanganj route on March 26, marking the Independence Day.Road Transport and Bridges and Railways Adviser Muhammad Fouzul Kabir Khan will inaugurate the new trains at Kamalapur Railway Station, welcoming commuters from...

Four high-powered panels to oversee wage, leave issues

The government has formed four high-powered panels to resolve and monitor the RMG (readymade garment) and non-RMG sectors' issues including labour unrest involving the factories located mainly in Gazipur district, Ahsulia of Savar, Narayanganj and other places.The Ministry of Labour and Employment (MoLE) has recently issued a directive in this...

New fire breaks out in Sundarbans

BAGERHAT, March 23 (UNB): A new fire broke out in another part of the Sundarbans on Sunday few hours after firelighters brought fire under control in a part in the forest.The Forest Department noticed a blaze in the dense forest area of Shaplar Bil, near the 23 Sher Siler of...

Ctg Port, ICD's open during Eid holidays

CHATTOGRAM, Mar 23: Despite the closure of all government institutions, banks, and other financial institutions during the nine-day long Eid Holiday, the Chittagong port will continue its operations under special management during the Eid Holidays. Along with the seaport, supporting organizations including private Inland Container Depots (ICD) will also be...