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

BERC holds public hearing, marred by CAB boycott, strong protests

The Bangladesh Energy Regulatory Commission (BERC) on Wednesday conducted the public hearing on the proposed gas tariff hike amid protests by the stakeholders, including the Consumers Association of Bangladesh (CAB) that boycotted the event.As the BERC continued the meeting at BIAM Auditorium despite the protests, the CAB members and other...

BHBFC's home, other loans get costlier

Home loans from Bangladesh House Building Finance Corporation (BHBFC) now get costlier as the government approves a proposal raising interest rates for its various credit schemes, officials say.Amid rise in the cost of fund and overhead costs, the corporation in December last sought finance ministry's nod to raise interest and...

BCC fines Peoples Poultry and Hatchery Tk 7.2m

The Bangladesh Competition Commission (BCC) fined Peoples Poultry and Hatchery Limited Tk 7.2 million for colluding to artificially increase egg prices as well as manipulate supply in violation of the Competition Act, 2012.The BCC launched an investigation in 2022 based on a report from the Directorate of National Consumer Rights...

Beximco seeks Tk 4.0b lifeline

The debt-ridden Beximco Group has sought government assistance to sustain operations through cash credit (CC) of Tk 1.0 billion per month, rather than shutting down the factories under its textile division by settling the Tk 5.5-6.0 billion outstanding employee payments. It argues that with a total financial support of Tk...

BD yet to tap into $200b global gaming industry

Speakers at a seminar highlighted the rapid expansion of the global gaming industry, now valued at $200 billion-surpassing both the music and film industries combined-and its potential to establish a strong foothold in Bangladesh.As one of the fastest-growing economies in the Asia-Pacific region, Bangladesh stands to benefit greatly from the...

Bridge, tunnel renamed

The government has renamed the Bangabandhu Bridge as Jamuna Bridge and the Bangabandhu Sheikh Mujibur Rahman Tunnel as Karnaphuli Tunnel, reports UNB.The Bridges Division of Bangladesh Road Transport and Bridges Ministry issued a notification in this regard on Wednesday.The Jamuna Multi-Purpose Bridge over the Jamuna River is a road and...

Judge gives Trump admin two days to release

WASHINGTON, Feb 26 (AP): A federal judge on Tuesday gave the Trump administration less than two days to release billions of dollars in U.S. foreign aid, saying the administration had given no sign of complying with his nearly two-week-old court order to ease its funding freeze.The lawsuit was filed by...

Abdur Rouf promoted to Bridge Division secretary

Mohammad Abdur Rouf has been promoted to secretary of the Bridge Division under the Ministry of Road Transport and Bridges. He was additional secretary of the division.Mr Rouf will also be executive director of Bangladesh Bridge Authority as ex officio.He was the managing director (MD) of Dhaka Mass Transit Company...

BB sets new time for funds transfer, cheque clearing during Ramadan

Bangladesh Bank has announced a new schedule for inter-bank cheque settlement for clearing house transactions during Ramadan, reports UNB.Banks and non-bank financial institutions will maintain new office time during the holy month of RamadanOn Wednesday, the Payment Systems Department (PSD) of Bangladesh Bank issued a notification in this regard.According to...

Mob beat a youth to death in Gazipur

Gazipur, Feb 26 (UNB): A 22-year-old was killed in a mob attack suspecting him to be a thief in Tongi area of Gazipur on Tuesday night, said police.The identity of the youth could not be known yet. Police said locals caught the youth on suspicion of a mobile phone lifter...

Trader killed in alleged teen gang attack in Savar

Savar, Feb 26 (UNB): A trader has been hacked to death allegedly by members of a teen gang over reported drug peddling in Ashulia, police said Thursday.The deceased Momin Islam, 32, was a resident of Dakshin Bypile area under Ashulia police station. He ran a gas cylinder business in the...