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

BD not fully ready to fight terror financing, money laundering

Bangladesh lacks basic preparations to fight money laundering and terror financing including removing delays in investigation and completing judgment of cases, according to officials.Bangladesh Financial Intelligence Unit (BFIU) of Bangladesh Bank fails to get necessary information from database of different agencies, and amendments to the company registration procedure and company...

PM opens country’s first-ever six-lane flyover in Feni

Prime Minister Sheikh Hasina inaugurated on Thursday the country's first-ever six-lane flyover at Mohipal in Feni district, reports UNB.She opened the flyover from her official residence Ganobhaban through a videoconference.The construction work on the project began on April 1 in 2015 and completed six months ahead of its scheduled time....

Potato glut hits growers

Unlike previous years, potato farmers are not getting fair prices of their produce largely due to huge supply on the market.Prices of early variety of potato have witnessed a four-year low at farm level, adding to the woes of growers already affected by the two spells of flooding last year,...

BR spends only 10pc of ADP allocation in H1

Despite having higher allocation in Annual Development Programme (ADP), Bangladesh Railway (BR) could spend only 10 per cent in the first half of the current fiscal year due to mainly delay in implementing some big projects.Sources said half-yearly performance of state railway operator was 13 percentage point lower than that...

Tk 150m shores up PKB paid-up capital

The government has provided Probashi Kallyan Bank (PKB) with Tk 150 million as part of raising the state-run bank's paid-up capital to Tk 4.0 billion and transforming the specialised bank into a commercial one, official sources said.The bank management received the government order (GO) in this regard from the financial...

A tall task albeit with rewards

If ever here was a dire need of a technocrat minister it was in the Telecommunications and ICT sector and for all the murmurs of discontent Mostofa Jabber's appointment is one of the best fits. As an entrepreneur and businessman in the specific sector he has seen it all, been...

BSTI finalises standard for paint industry

Bangladesh Standards and Testing Institution (BSTI) has finalised a standard for the paint manufacturing industry, setting the limit of harmful lead content for household paint at maximum 90ppm (parts per million).Experts, however, said it is against the global campaign being carried out to bring down the use of lead content...

DNCC mayoral by-polls Feb 26

The by-polls to the mayoral post of Dhaka North City Corporation (DNCC) will be held on February 26 after the announcement of its schedule on January 09 next, report agencies.The decision came on Thursday at the Election Commission's meeting held with Chief Election Commissioner KM Nurul Huda in the chair...

Trump scraps election ‘fraud’ inquiry

WASHINGTON, Jan 4 (AFP): President Donald Trump on Wednesday disbanded an investigation into alleged voter fraud in the 2016 election, but refused to back down on unsubstantiated allegations of massive wrongdoing at the ballot box.Facing opposition from US states and an uphill battle to prove something that almost all experts...