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

Project for textile jute mill named after Hasina to be scrapped

The interim government has finally decided to scrap the project to establish a specialised jute textile mill in Jamalpur, named after former Prime Minister Sheikh Hasina, whose ouster resulted from a student-led mass movement last year.The Bangladesh Jute Mills Corporation (BJMC) had spent Tk398.28 million on the Tk5.19 billion project...

2 die of dengue, 26 catch Covid-19 in 24 hours

Two more dengue patients died and 392 others were hospitalised across the country in the 24 hours till Wednesday morning, while 26 fresh Covid-19 cases were also reported during the same period, indicating a simultaneous public health challenge.According to a press release issued by the Directorate General of Health Services...

Finance adviser hopeful about FDI rise

Finance Adviser Dr Salehuddin Ahmed expressed his hope that foreign direct investment (FDI) would increase significantly if a stable regulatory situation persists in the country.He said the inflow of foreign investment still remains at slow lane. But the foreigners are now observing that foreign-exchange market is now stable and reserves...

Adani seeks finance adviser's intervention to get $900m dues

India's Adani Power Limited (APL) has sought Bangladesh Finance Adviser's intervention in expediting the process of settling its more than US$900 million worth of outstanding dues.Managing Director of the group Anil Sardana recently made a request in this regard in a letter to Finance Adviser Dr. Salehuddin Ahmed, according to...

Ex-CEC Habibul Awal held

The Detective Branch of the Dhaka Metropolitan Police (DMP) on Wednesday arrested former Chief Election Commissioner (CEC) Kazi Habibul Awal from Moghbazar area in the city. Later, he was shown arrested in a case filed by the Bangladesh Nationalist Party (BNP) with the Sher-E-Bangla Nagar Police Station. Muhammad Talebur Rahman,...

Automobile policy shake-up needs to spur green growth

Commerce Adviser Sk Bashir Uddin has said there is an urgent need to update Bangladesh's automobile policy to address critical issues such as vehicle imports and local manufacturing, while aligning it with broader economic and environmental goals.Speaking as chief guest at a seminar titled "Automobile Policy for Green Growth and...

BDR Mutiny: Probe finds grave lapses by intelligence agencies

Chairman of the National Independent Inquiry Commission Major General (retd) A L M Fazlur Rahman on Wednesday said the intelligence agencies of that time displayed extreme negligence and failed to discharge their duties during the BDR mutiny that took place on 25-26 February 2009, reports UNB.He made the remarks at...

Trump nominated for Nobel Peace Prize over Israel-Iran ceasefire

US President Donald Trump has been formally nominated for the Nobel Peace Prize for his role in securing the ceasefire between Israel and Iran, reports New York Post.The nomination came from Republican Congressman Buddy Carter of Georgia, who submitted a letter to the Norwegian Nobel Committee praising Trump's "extraordinary and...

US intel says strikes did not destroy Iran nuclear programme

WASHINGTON, June 25 (AFP): A classified preliminary US intelligence report has concluded that American strikes on Iran set back Tehran's nuclear program by just a few months -- rather than destroying it as claimed by President Donald Trump.US media on Tuesday cited people familiar with the Defense Intelligence Agency (DIA)...

BB expands scope for non-resident clients

In a move aimed at boosting foreign-currency earnings, the central bank has permitted all scheduled banks to broaden their offshore-banking operations by offering a wider range of services to non-resident customers.Offshore banking units (OBUs) can now extend services -- including trade-related functions such as advising, collection, and settlements -- to...

Mob violence now a threat to humanity, democracy: Tarique

BNP Acting Chairman Tarique Rahman on Wednesday said mob violence has become a serious threat to humanity and it can badly damage the environment needed for democratic values to develop, reports UNB.In a message issued on the occasion of the International Day in Support of Victims of Torture, to be...