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

BD pays most part off, avoids $20m penalty

In a major financial manoeuvre, the interim government has paid nearly all outstanding dues to India's Adani Power, securing a waiver of US$20 million in late payment interest. The Bangladesh Power Development Board (BPDB) confirmed a record monthly payment of $437 million in June to settle arrears with the Indian...

World Bank to slash $70.54m from PRIDE Project loan

The World Bank is set to cut $70.54 million from its $500 million loan commitment to the Private Investment and Digital Entrepreneurship (PRIDE) Project, now undergoing restructuring with a proposed two-year extension.The move follows 4.5 years of sluggish implementation, during which the Bangladesh Economic Zones Authority (BEZA) and the Bangladesh...

Further disarray likely as 21 new city routes approved

Dhaka's chaotic bus system is likely to worsen as a newly-formed committee, comprising mostly police officials and transport owners, has approved 21 fresh routes for both new and old companies to operate their fleet.The move would severely damage the scope for implementing the bus route franchise (BRF) system, which aimed...

Anti-graft probe begins against 6 NBR officials

The Anti-Corruption Commission (ACC) launches investigations against six NBR officials most of whom were at the forefront of the protest by the revenue-board staff.The anti-graft watchdog says there are allegations of over the past 20-25 years that by facilitating tax evasion in customs duties, VAT, and income tax for various...

Amendment to CrPC endorsed to exonerate innocents

Innocent persons can now be discharged from false cases before the trial begins as the interim government Sunday approved a draft legal amendment to this effect.The council of advisers in its meeting endorsed the amendment to the existing Criminal Penal Code or CrPC. "This is a very important step and...

3 of a family fall sick in city hotel, die in hospital

Three members of a family, who fell sick on Sunday morning at a hotel in Dhaka's Moghbazar area,were declared dead after being taken to hospital, reports UNB.The deceased were identified as Monir Hossain, an expatriate worker, his wife Swapna and their son Arafat Hossain Nayeem.Officer in charge of Ramna police...

A group of people

A group of people, especially from low-income backgrounds, queue up to buy Trading Corporation of Bangladesh (TCB) products at subsidised rates in the city's Sher-e-Bangla Nagar area on Sunday. — Focus Bangla

Five including main accused held in Cumilla rape case

Police have arrested five people, including the main accused, involved in the rape of an expatriate's wife and spreading the video of the victim in social media, in Muradnagar upazila of Cumilla district, report agencies.On June 26 at 8 pm, Fajr Ali alias Fajr, 36, was caught and beaten by...

The Korea-based industrial company Youngone Corporation

The Korea-based industrial company Youngone Corporation has awarded scholarship to six students of Chittagong Independent University (CIU) from the Summer-2025 semester. Founder Chairman and CEO of Youngone Corporation and Korean EPZ Kihak Sung was present as the chief guest at the inaugural ceremony of 'Youngone-CIU Academic Excellence Scholarship & Internship...