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

NBR launches online platform NSW partially

After nearly seven years since its inception in 2017 to simplify import and export procedures, the National Board of Revenue (NBR) has partially implemented the National Single Window (NSW) system on Thursday. Initially, the activities of seven out of 19 agencies involved in imports and exports have been brought under...

People's power stronger than govt power: CA

Chief Adviser Prof Muhammad Yunus on Thursday urged all to come forward at the individual level, rather than being 100-percent dependent on the government, to help move the country forward towards its desired goals. "The power of people is stronger than that of the government," he said while inaugurating the...

12kg LPG price static at Tk 1,455

The Bangladesh Energy Regulatory Commission (BERC) has kept unchanged the price of a 12kg liquefied petroleum gas (LPG) cylinder at Tk 1,455 for January too.The new price came into effect on Thursday evening, according to a BERC statement.The price of such cylinders remains the same for three consecutive months -...

Govt to procure edible oil, lentil, refined fuel oil

The government approved on Thursday separate proposals for procuring 11 million (1.10 crore) litres of edible oil, 10,000 tonnes of lentil and 1,00,000 tonnes of fertilizer to meet the growing demand of the country, reports BSS.The approval came from this year's 1st meeting of Advisers' Council Committee on Government Purchase...

Bangladesh, India conclude exchange of detained fishermen by Sunday

The reciprocal repatriation of 95 Indian fishermen detained in Bangladesh and 90 Bangladeshi fishermen detained in India began on Thursday and it is expected to be completed Sunday next, said the foreign ministry in Dhaka, reports BSS."Bangladesh Coast Guard has initiated the process of handing over 95 Indian fishermen/crew members...

Dhaka court summons three IOs

A Dhaka court on Thursday summoned three officers who investigated 16 corruption cases filed over the Basic Bank loan scams, seeking explanations over some flaws in the probes. The officers are Anti-Corruption Commission (ACC) Director Mohammad Morshed Alam, and Deputy Directors Mohammad Ibrahim and Md Sirajul Haque, who submitted charge...

Keya Group announces closure of 4 factories

Keya Group has announced the closure of at least four ready-made garment (RMG) factories from May 1 as they suffer from raw material shortages and inadequate production capacity.It made the announcement of closure on Thursday through notices hung at the factories in the Juran area of Gazipur.The factories are Keya...

Rangpur thrash Barishal in high-voltage BPL clash

Rangpur Riders crushed defending champions Fortune Barishal by eight wickets in Bangladesh Premier League's (BPL) first big match of the season at Sher-e-Bangla National Cricket Stadium in the city on Thursday, report agencies.The much-anticipated showdown between Barishal and Rangpur, two of the strongest teams on paper in this year's BPL,...

PSC gets six new members

The government has appointed six new members to the Bangladesh Public Service Commission (BPSC).The appointments were confirmed through separate gazette notifications issued by the Contract and Foreign Employment Section of the Ministry of Public Administration on Thursday, reports BSS.The President appointed the six BPSC members following his power under the...

Bangladeshi womenfolk will not backtrack: LSE Prof Naila hopes

Professor Emeritus of Department of Gender and Development of London School of Economics (LSE) Naila Kabeer hoped that the womenfolk of Bangladesh won't backtrack amid the new political scenario as they kept pushing to expand their spaces in the society through economic contribution, reports BSS.In a public lecture on her...

Nine S Alam factories reopen

CHATTOGRAM, Jan 02: The authority of S Alam Group on Thursday reopened its nine factories in Chattogram, which was shut down following a notice issued on December 24 last year.The factories are S Alam Refined Sugar Industries Limited, S Alam Power Plant Limited, Infinity CR Strips Industries Limited, Chemon Ispat...

Chinese EV makers extend buying incentives as price war enters third year

BEIJING, Jan 2 (Reuters): Chinese electric vehicle makers including Nio and Li Auto have followed market leaders Tesla and BYD in extending buying incentives to the start of 2025, as a price war in the world's largest auto market continues for a third year.Li Auto announced on Thursday cash subsidies...