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

Govt forms 37 teams to tame kitchen inflation, despite past failures

Amid soaring prices for nearly all kitchen items, the government has formed 37 market monitoring teams to oversee prices in the capital -- a common measure by the authorities that has previously yielded little to no significant results.The committees, each comprising seven members from different ministries and public agencies, will...

Inbound remittance on recession from recent rebound

A synchronized drive to bag more foreign currencies for stabilising Bangladesh's depleting forex reserves faces headwinds as remittance inflow so far this outgoing month shows a significant recession.Such dip in remittance receipt -- perceivably in fallout from road ruckus stoked by campus protests at home and overseas repercussions to a...

Internet woes hit garment exports as buyers fret

Global apparel buyers on Monday expressed concern over the Internet connection, which is still slow after the restoration of a weeklong cutoff during the violent anti-quota movement.They urged sector leaders and suppliers to ensure timely goods shipments and restore high-speed Internet and broadband connections to enable effective communication with their...

Decision to ban Jamaat, Shibir taken at 14-party meeting

Awami League General Secretary Obaidul Quader on Monday said that BNP-Jamaat clique was involved in a conspiracy to make the country ineffective through anarchy, reports UNB."So, for the sake of the country, the 14-party alliance has decided to ban Jamaat-Shibir to eliminate anti-national evil forces," he told reporters after a...

A terrified college student, clutching his identification card

A terrified college student, clutching his identification card in a futile attempt to assert his innocence, is manhandled by police during an anti-quota protest in Dhaka's Science Lab area on Monday. — FE Photo

BR suffers operating loss of Tk 45m a day

The Bangladesh Railway (BR) suffers an operating loss of estimated over Tk 45 million each day for keeping all passenger and cargo trains suspended since the quota reform movement turned violent on July 18.The state-owned train operator runs 335 trains and 26 freight trains daily which managed revenue of Tk...

Writ seeks order not to shoot protesters

A writ petition was filed with the High Court (HC) on Monday seeking its directive to the law enforcement agencies not to shoot protesters from today and release of six quota coordinators from the custody of Detective Branch (DB), reports UNB.Lawyers Manjur Al Matin Pritom and Aynunnahar Siddika Lipy submitted...

Six coordinators to be handed over to families soon: DB chief

The six quota movement coordinators who were earlier taken into custody would be handed over to the respective families soon, said a top official of the Detective Branch of (DB) police on Monday."They (coordinators) have been in our custody for safety and security reason and they will be handed over...

Tying Faiaz's hands with rope against law

The government has acknowledged to the High Court that using rope to tie the hands of minor Hasnatul Islam Faiaz when bringing him to court in the case of a policeman's murder was a violation of the Children Act.The government made the statement during a hearing of a writ petition...

VPN demand increases 5016pc in BD

In the wake of escalating violent protests in Bangladesh, a massive surge in Virtual Private Network (VPN) usage has been witnessed as citizens strived to circumvent government-imposed internet restrictions.A vpnMentor research team has found an astonishing 5016 per cent increase in VPN demand in Bangladesh during the past week starting...

Continue proceedings against ex-IGP Benazir

The High Court (HC) on Monday asked the Anti-Corruption Commission (ACC) to continue its proceedings as per law against former Inspector General of Police (IGP) Benazir Ahmed and his family members.An HC bench of Justice Md Nazrul Islam Talukder and Justice Kazi Ebadoth Hossain passed the order after accepting a...

China's industrial profits post faster gains in June despite faltering economy

BEIJING, July 29 (Reuters): China's industrial profits grew at a faster clip in June, official data showed on Saturday, even as businesses were grappling with a downshift in consumers' sentiment amid a shaky economic recovery.A 3.6 per cent year-on-year rise in profits last month followed a 0.7 per cent gain...