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

More than a dozen major projects overspend lifespan, needing cure

Thirteen large development projects with an aggregate cost of Tk 924.76 billion have spent over five years against their approved lifespans, warranting a government review soon for remedies. Official statistics show only one-third financial progress has been made in the projects although their entire sanctioned tenures have expired.Out of the...

23pc bankers have enough knowledge of forensic audit

Experts at a roundtable on Wednesday called for institutionalising forensic audit as only 23 per cent of officials in the internal audit and credit recovery department of commercial banks claimed to have enough knowledge of the concept in a study.The study titled "Institutionalising forensic audit in banks in Bangladesh" also...

BGMEA opposes providing REX facility to BGBA

The country's apparel makers have urged the government not to provide the existing Registered Exporter (REX) facility to Bangladesh Garment Buying House Association (BGBA) as such buying houses are not directly involved in production and exporting activities, sources said.According to them, if the REX facility is given to the BGBA,...

DTCA-DMTCL dispute over metro rail authority persists

The conflict between two offices under the Ministry of Road Transport and Bridges over the authority of the metro rail company has not ended yet. Dhaka Transport Coordination Authority (DTCA) has blamed Dhaka Mass Transit Company Limited (DMTCL) for bypassing it while making decisions and taking approvals. This, DTCA says,...

NCC discusses opinions on July Charter draft

The National Consensus Commission (NCC) on Thursday held a meeting to discuss the opinions received from the political parties it sat with in the last two months on the July National Charter's draft copy.The meeting participated by its members was held at the conference room of the commission's office in...

People suffer in city traffic gridlock for hours

Residents and visitors in the capital suffered immensely on Wednesday due to severe traffic gridlock for several hours on different roads. Traffic came almost to a standstill due to a blockade initiated by engineering students protesting at Shahbagh area in the city.The situation worsened after the protesters hurled brick-bats at...

Cabinet Division's probe committee begins mass hearing

SYLHET, Aug 27: The cabinet division's probe committee started its mass hearing on stone looting at the Sylhet Circuit House on Wednesday. Committee convener and cabinet secretary (coordination and reform) Zaheda Parvin and other members were present. Divisional commissioner, other officials from the district administration, police administrations and upazila officials...

Litter floats on a part of the Gulshan Lake

Litter floats on a part of the Gulshan Lake in the capital, spoiling the beauty of the water body. The photo was taken on Wednesday. — FE Photo

JU researchers develop 'Liquid Tree'

A Jahangirnagar University (JU) research team has unveiled a new technology, called the Liquid Tree, which is aimed at mitigating urban carbon dioxide (CO?) levels. The innovation is a photobioreactor that uses indigenous microalgae to absorb CO? and release oxygen, both indoors and outdoors. Cities around the world are grappling...

Potatoes' minimum price set at Tk 22 per kg

The government has set a minimum price of Tk 22 per kilogram for potatoes at cold storage gates and announced a plan to purchase 50,000 tonnes for storage and later sale, officials said Wednesday, reports UNB.The decision follows concerns that the recent market price of potatoes is not covering production...