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

Govt plans to beef up LNG imports, cut gas allocation for power plants

The government has planned to enhance natural gas supply to industries for next four months (May-August) by cutting supplies to the power plants and increasing imports of liquefied natural gas (LNG).According to a roadmap drawn up at a meeting on Wednesday, the industries are expected to get an additional gas...

Three Dhaka-bound int'l flights diverted

At least three international flights en route to Bangladesh were diverted to different countries at midnight due to heightened airspace security concern following missile strikes near the India-Pakistan border.Group Captain Muhammed Kamrul Islam, executive director of Hazrat Shahjalal International Airport (HSIA) in Dhaka, confirmed the update, saying the civilian aircraft...

Ecnec okays nine projects worth Tk 37.56b

The Executive Committee of the National Economic Council (Ecnec) on Wednesday approved a total of nine projects, including three new initiatives and six revised ones, with an estimated cost of Tk 37.56 billion.Of the total project cost, the government will provide Tk 27.98 billion, while the implementing agencies will contribute...

Shares of 94 cos owned by Salman F Rahman, family frozen

A special court in Dhaka on Wednesday ordered freezing all the shares of 94 companies owned by Salman F Rahman, former adviser to ousted Prime Minister Sheikh Hasina, and his family members. The court also ordered to freeze BO accounts of 28 companies owned by Salman and his family members,...

Labour law to see amendments by Jul

The government plans to incorporate the recommendations made by the Labour Reform Commission and make required amendments to the labour law by July. Also the labour inspection system will be digitized and brought under real-time monitoring framework.Ministry of Labour and Employment (MoLE) Secretary AHM Shafiquzzaman made the remarks at a...

Food systems transition in ADB focus

The four-day annual meeting of the Asian Development Bank (ADB) concluded Wednesday with a key focus on digital-and-food systems transformation.The 58th meeting held in Milan of Italy on May 4-7 drew more than 5000 participants, including finance ministers amd adviser from member-countries.The ADB Vice-Presidents shared their perspectives, highlighted achievements, and...

SPs on high alert in border districts: IGP

Inspector General of Police (IGP) Baharul Alam said on Wednesday that police superintendents have been placed on high alert in border districts to prevent any militants or terrorists from entering Bangladesh amid the escalating India-Pakistan conflict.He made the disclosure at the closing ceremony of the Bangladesh Police Annual Shooting Competition...

Mobile use shaping digital lives in BD

Mobile-phone technology is emerging as a powerful force in shaping safer and more informed digital lives in Bangladesh, according to a report of Telenor Asia. The newly-released "Digital Lives Decoded" report was revealed at a city hotel on Wednesday. The report of a survey conducted on 1,000 mobile internet users...

An exhibition titled Punarjibon by photographer and artist Rokshana Islam

An exhibition titled Punarjibon by photographer and artist Rokshana Islam was arranged at Gallery The Illusions in Dhaka's Lalmatia. Various handcrafted items, including basket, box, ornament, and vase, which have been made of used paper and given an artistic shape, were put on display. The solo exhibition, the first of...

Forex reserves drop to $ 25.68b after ACU payment

Bangladesh made a routine payment equivalent to US$ 1.88 billion to the Asian Clearing Union (ACU) against imports during the March-April period of the current calendar year, officials said.Despite making such a high volume of overseas payments, the country's foreign exchange (forex) reserve still over $20 billion ($20.29 billion in...

Bullet-riddled body of RAB official found at his office in Ctg

CHATTOGRAM, May 07: The bullet-riddled body of a senior assistant superintendent of police working at Rapid Action Battalion (RAB-7) in Chattogram was found at his office in the port city on Wednesday. The victim was identified as Palash Saha (37), an officer of the 37th BCS (Police) cadre, and the...

Lack of lanes stifles cycle mkt

The domestic bicycle market has significant growth potential, but progress has stalled due to the absence of dedicated cycling lanes and adequate open spaces, said RFL Group Managing Director RN Paul on Wednesday. This stagnation has contributed to rising health concerns among the population, he said at the month-long Bishbayu...

Food items remain major contributor to inflation

The price of food items remained the major contributor to overall inflation by 42.71 per cent, reveals the April issue of the report titled "Monthly economic Update and Outlook" prepared by the General Economics Division (GED) of the planning commission.Dr. Monzur Hossain, Member (Secretary) of the GED placed the first...