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

State-run power, energy cos set for major shakeup

Half a dozen chairman and managing directors (MDs) of state-run power and energy companies, who have been appointed on contract, are likely to lose jobs due to their alleged involvement in backing 'unethical' practices of the immediate past government.A decision has already been taken recently to remove them from the...

Don't be 'caged' by minority status, Yunus tells Hindus

Chief Advisor Muham-mad Yunus says the Hindu community in Bangladesh should not be 'caged' by their minority status.At a discussion at Dhakeshwari National Temple on Tuesday, he also urged Hindus to be patient and support the government, reports bdnews24.com."When cages are formed, there is fighting inside. We must instead stand...

Uncertainty looms over metro rail employees' return to work

Uncertainty has been looming over resuming metro rail operations a month after the suspension of its services as the state owned metro rail company is unable to convince its aggrieved employees to join work ending the strike they started following the resignation of Prime Minister Sheikh Hasina.Although the work absentia...

US bins role in Hasina's ouster

The US administration had no role in the ouster of the Hasina regime, said a White House spokesperson early Tuesday.Spokesperson Karine Jean-Pierre binned the allegations that Hasina was ousted by a US plot because she did not agree to hand over St Martin's Island to the USA."We have had no...

UN welcomes efforts to restore calm in BD

UN Secretary-General António Guterres has welcomed efforts to restore calm and organise parliamentary elections in Bangladesh, with the support from the interim government.He has urged the interim government in the coming weeks to continue to make every effort to be inclusive, including by taking into account the voices of women,...

IMF team to visit Dhaka in Oct for loan review

An International Monetary Fund (IMF) team is scheduled to visit Dhaka between 2 and 17 October to assess Bangladesh's progress in using the third tranche of its US$4.7 billion loan programme and to discuss the release of the fourth instalment, according to an official letter.The Finance Division confirmed the proposed...

Bangladeshi killed in BSF firing near C’nawabganj

Chapainawabganj, Aug 13 (UNB): A Bangladeshi youth was killed by gunfire from the Indian Border Security Force (BSF) across the Ahedpur border in Chapainawabganj.The deceased was identified as Md. Abdullah.He was shot and killed on Sunday night in the Indian territory near the Ahedpur border in Shibganj upazila.The incident was...

Adani allowed to sell Bangladesh-bound power in India

SINGAPORE, Aug 13 (Reuters): An Adani Power coal-fired power plant under contract to sell all its output to Bangladesh can now supply the domestic market as the government has amended its power export rules.An internal federal power ministry memo amended 2018 guidelines governing generators supplying electricity "exclusively to a neighbouring...

Major reshuffle in police

In a major reshuffle in police administration, 41 officials have been transferred and given new postings, reports UNB.On Tuesday, the home ministry issued separate notifications in this regard.Additional IGP, Special Branch (SB) Monirul Islam has been transferred to the Police Headquarters and Deputy Inspector General (DIG) of Railway Police Md...

No external pressure regarding current affairs: army chief

There is currently no external entity interfering in the country's current affairs, General Waqar-uz-Zaman, the Chief of Army Staff said during a meeting with the press at the Rajshahi cantonment on Tuesday. When asked whether the ousted Awami League government's MPs and ministers have been taken into custody, General Waqar-uz-Zaman...

Handling of import-export cargo via courier at Dhaka Customs House resume

The handling of import-export cargo via courier at Dhaka Customs House has returned to normal after withdrawal of strike by courier service workers at Dhaka Airport, reports UNB.The handling of import-export cargo via courier at Dhaka Customs House had been disrupted due to a work abstention by courier service staff...

Hasina urges supporters to appear in public Aug 15

Ousted Bangladeshi premier Sheikh Hasina on Tuesday urged supporters to appear in public in the capital Dhaka to mark Thursday's anniversary of her father's assassination, reports AFP. "I appeal to you to observe the National Day of Mourning on August 15 with due respect and solemnity," she said in a...

MENA startup funding soars 206pc to $355m in July

CAIRO, Aug 13 (Arab News): Venture capital investments in the Middle East and North Africa reached $355 million in July, marking a 206 per cent increase from June and a 260 per cent rise year on year, according to recent data.This growth highlights the region's resilience in the face of...

Indian Visa Centre resumes limited operations

The Indian Visa Application Centre (IVAC-JFP) in Dhaka has resumed limited operations, reports UNB.Applicants will receive individual messages regarding the collection of their passports. They are requested to arrive at the IVAC only after receiving an SMS with instructions.Due to the limited operations, the processing time may be extended.

Routine consular services of US Embassy suspended until further notice

The US Embassy in Dhaka says it is currently closed to routine consular services until further notice, reports UNB."If you have an upcoming visa appointment, please wait for further instructions on the consular section's reopening to routine services," said the Embassy in a message shared from its verified Facebook page.