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

CAAB moves to scrap Tk 3.21b AL-era development projects

The Civil Aviation Authority of Bangladesh (CAAB) has taken an initiative to cancel at least 16 development projects involving around Tk 3.21 billion at several airports, including Hazrat Shahjalal International Airport (HSIA), despite completing all the tender processes and signing the contracts. The projects were taken by the CAAB administration...

Ekushey Book Fair begins today in changed ambience

A month-long exhibition of books titled Amar Ekushey Book Fair begins today on Suhrawardy Udyan and Bangla Academy premises to commemorate the language martyrs who sowed the seeds of Bangladesh's independence. Head of the post-uprising government Prof Muhammad Yunus is scheduled to inaugurate the country's largest literary event, this time...

No new application for microcredit licence

The Microcredit Regulatory Authority (MRA) has decided to stop receiving fresh microcredit licence applications as the number of microfinance institutions (MFIs) has reached nearly 1,000. "MRA has decided not to take any new application," said Mohammad Yakub Hossain, executive director (Licence, Policy and Law Department, and On-site Supervision Department) at...

Over 1,000 icddr,b staffers laid off over USAID fund cut

The International Centre for Diarrhoeal Disease Research, Bangladesh (icddr,b) has terminated over 1,000 employees following the US administration's announcement to suspend funding for foreign programmes, including those in Bangladesh."We have suspended our US government-funded projects and research until further notice. We apologise for the inconvenience to our clients, partners, and...

Gunfight leaves two dead in Munshiganj

Munshiganj, Jan 31 (UNB): Two people were killed and another sustained bullet wounds in a firing between two groups over sand extraction, extortion and dominance in the Meghna River, said police on Friday.The gunfight occurred in between Munshiganj's Kalirchar and Chandpur's Mohanpur of the river on Thursday. Kalirchar and Mohanpur...

World awaits Trump tariff deadline on Canada, Mexico and China

WASHINGTON, Jan 31 (AFP): With less than 24 hours before President Donald Trump's deadline to impose sweeping tariffs on the three biggest US trading partners-Canada, Mexico and China-the global economy is bracing for impact.Shortly after taking office this month, Trump said he planned to introduce 25 percent tariffs on neighbors...

Trump insists Egypt, Jordan will take Gazans

WASHINGTON, Jan 31 (AFP): US President Donald Trump insisted Thursday thatEgypt and Jordan would take in displaced Gazans, despite the two Arab nations dismissing his plan to move Palestinians from the territory.Trump's comments came a day after Egyptian President Abdel Fattah al-Sisi and Jordan's King Abdullah II rejecting any forced...

Sabotage bid by BCL in Feb to be foiled

Dhaka Metropolitan Police (DMP) commissioner Sheikh Md Sazzat Ali warned on Friday that law enforcers would take action if anyone, including the banned Bangladesh Chhatra League (BCL), tries to create sabotage during several programmes in the month of February.About Chhatra League's programmes in February, he said they (Chhatra League) may...

Revitalise Buriganga River

As the Buriganga River is on the brink of extinction, urgent action is needed for the survival of both the river and Dhaka, according to a report of a taskforce.Education and Planning Adviser Professor Wahiduddin Mahmud handed over the report of the taskforce on "Re-strategising the Economy and Mobilising Resources...

Taskforce suggests traffic signalling automation

A taskforce has recommended for introducing automatic traffic signalling system in the city for improvement of traffic management to ease congestion, reports BSS."Introducing an automatic traffic signalling system is a fundamental prerequisite for any major city worldwide, yet attempts to implement such a system in the mega city like Dhaka...

CA press wing debunks Indian Anandabazar report on BD army

Chief Adviser's Press Wing said the news story of Indian daily Ananda Bazar published on Friday was false one, reports BSS."Its (Ananda Bazar) story about the Bangladesh army has no more basis in reality than a Bollywood romcom," the press wing said in a statement posted on its verified Facebook...