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

PMO asks ministry to ease process

The Prime Minister's Office (PMO) has asked the Ministry of Finance to remove discrepancies between Active Pharmaceuticals Ingredients (API) policy and revenue board's orders.The removal of such inconsistencies, insiders say, will help the sector grow. The advice came after a push from the API industry insiders to the Prime Minister...

Diesel imports drop by 15.38pc in H1

The country's diesel consumption is on the decline as diesel-fired power plants are using less-than-expected fuel after the start of LNG imports.Loss of state-run Bangladesh Petroleum Corporation (BPC) is also sliding with the fall in import of the expensive fuel, BPC director for operation Syed Mehdi Hasan told the FE...

Flood situation may improve further

Water level continued to fall on Monday as the Teesta, Brahmaputra and Ghaghot rivers started flowing below the danger mark in some northern districts.With the recession of floodwater, the flood situation was improving slowly.Thousands of people were still in search of food, water and sanitation, especially in Gaibandha, Kurigram, Jamalpur,...

Policy on original inhabitants’ land rights mooted

Speakers at a programme Monday stressed finding ways of reconciling interests of stakeholders to solve the longstanding problem involving the ethnic minorities, settlers and the forest department in the Modhupur area.They also suggested formulation of a national policy and formulation of a commission to ensure land rights of the original...

Five magistrates to act against addl charges for dengue test: Atiqul

Dhaka North City Corporation (DNCC) Mayor Md Atiqul Islam said on Monday five magistrates were conducting drives at different public and private hospitals, clinics and diagnostic centres to check excessive charges for dengue test, reports UNB."The magistrates who started work on Monday will slap fine on those who will violate...

Most banks don’t maintain database, says survey

The majority of banks don't maintain database to assess the financial impact of internal audit (IA) on many types of performances of banks, a survey revealed on Monday. Some 72 per cent banks said they never maintain a database of overstated expenses identified through IA mechanism while 14 per cent...

SC lifts ban on Milk Vita, curbs on 13 other cos remain

The Appellate Division Chamber Court on Monday cleared way for producing, marketing and selling Milk Vita pasteurised milk as it stayed for eight weeks a part of the High Court order that had banned pasteurised milk produced by 14 companies for the next five weeks, reports BSS.Chamber judge Md Nuruzzaman...

Three die in ‘shootouts’ in city, Cox’s Bazar

Three people were killed in alleged shootouts with RAB in two separate incidents in the city and Cox's Bazar, reports bdnews24.com.One gunfight took place in an area close to the city's Hazaribagh Sikder Medical while the other occurred in the Cox's Bazar-Teknaf Marine Drive's Shamlapur area in the early hours...