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

ADB warns Bangladesh losing up to 16.2pc of GDP by 2070

Bangladesh may face substantial economic losses due to climate change by 2070, particularly from reduced labour productivity, sea-level rise, increased emissions, and river flooding, according to a latest report by the Asian Development Bank (ADB).The Asia-Pacific Climate Report 2024, published on Monday, highlights how rising temperatures are already impacting labour...

Global buyers push for better labour situation

Global buyers of Bangladeshi apparel have called for improved law and order, and labour situation to fully utilise the country's competitive edges like huge capacity and low cost.According to many of them, huge production capacity and low cost are among the strength of Bangladesh's garment industry for which apparel buyers...

Govt hires 20 spl PPs to conduct explosives case

The government has appointed 20 special public prosecutors (PPs) to conduct a case filed under the Explosive Substances Act filed with Lalbagh Police Station centring the 2009 BDR mutiny. The solicitor wing of the Law Ministry on Monday issued a notification in this regard on November 3. The 20 newly-appointed...

Ex-secretary Amjad, son detained with Tk11m in cash

Police have detained Amjad Hossain Khan, former additional secretary of Ministry of Local Government, Rural Development and Cooperatives, and his son Asif Hasan, reports bdnews24.com.The two were detained in a raid on a home in the capital's Uttara Sector 13 late on Sunday night, according to Hafizur Rahman, officer-in-charge of...

Pvt firms given Nov 14 deadline to apply for rice imports

The government has invited applications from private organisations to import rice, with a submission deadline of November 14, 2024. According to a notification issued on Sunday, interested parties must apply online through the Ministry of Food's website or via the MyGov portal. No direct applications will be accepted. Organisations that...

S Alam Group's mortgaged property being auctioned for first time

Janata Bank has announced an auction of the collateral property of 'Global Trading Corporation Limited', a subsidiary of S Alam Group, to recover defaulted loans of Tk 18.50 billion, reports UNB.Janata Bank hopes to recover a fifth of the dues by selling off the group's collateral land in Chattogram, GazipurThis...

Dengue: Six die, 1297 hospitalised

Six more people have died of dengue while 1,297 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh in the past 24 hours till Monday morning, reports bdnews24.com.With the new counts, the number of hospitalised dengue patients has reached 65,768 this year. A total of 320 people...

8.0mcf gas added to national grid from Sylhet well

An additional 8 million cubic feet of gas has been connected to the transmission line (national grid) from well number 7 of Haripur in Jaintapur Upazila, Sylhet, reports UNB.A test gas connection was provided from Sylhet well-7 to the national transmission line at 3:15 pm on Monday.Managing Director of Sylhet...

Helal Chy new chairman of BASIC Bank

The government has appointed Helal Ahmed Chowdhury as the chairman of the state-owned BASIC Bank Limited for a three-year tenure.This decision was announced in a notification, signed by deputy secretary Afsana Bilquis of the Financial Institutions Division of the Ministry of Finance, on October 31.According to the notification, Mr Chowdhury...

BWTCC starts serial system for lighter ships

CHATTOGRAM, Nov 04: As part of a reform initiative, a serial system for lighter ships from Chattogram to 34 sea routes was launched on Monday.To make Bangladesh's shipping sector organised, corruption-free, and fair for all involved, the interim government has been reforming the Bangladesh Water Transport Coordination Cell (BWTCC).Commodore Maqsood...