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

BPDB running four costly power units defying BERC

The state-run Bangladesh Power Development Board (BPDB), has kept four of its most expensive diesel-fired power plants operational defying the energy regulator's instruction to shut those.The Bangladesh Energy Regulatory Commission (BERC) had set a deadline in late 2017 to terminate operations of the plants, having a total electricity generation capacity...

66pc manufacturing units lack waste management system: Survey

Sixty-six per cent of country's manufacturing industries have no waste management systems of their own, posing serious threat to the environment and sustainable business, a government survey reveals.Insiders, however, said without ensuring environment-friendly industry, the country is unlikely to achieve sustainable development goals (SDGs) set by the United Nations General...

Nepal, China sign deals to increase connectivity

Chinese President Xi Jinping wound up two days of meetings in Nepal on Sunday with separate deals for a rail link to Tibet and a tunnel, an official said, as the Himalayan nation seeks to end an Indian dominance over its trade routes by increasing connectivity with Beijing, reports Reuters.The...

BSEC seeks all info on Tk 500m deal

The securities regulator has asked LR Global Bangladesh Asset Management Company Limited to submit all information regarding its mutual funds' (MFs) Tk 500 million investment in bdnews24.com within 24 hours. The Bangladesh Securities and Exchange Commission (BSEC) gave the instruction after a meeting at BSEC office in the capital on...

No protest at BUET as entry test today

The campus of Bangladesh University of Engineering and Technology (BUET) remained calm on Sunday, as the agitating students stayed away from protests to facilitate the admission test to be held today (Monday). After six days of demonstrations calling for justice for the murder of their fellow student Abrar Fahad, the...

UN resident coordinator summoned

Bangladesh foreign ministry summoned on Sunday United Nations (UN) Resident Coordinator Mia Seppo in connection with the UN statement on killing of Bangladesh University of Engineering and Technology (BUET) student Abrar Fahad.The foreign office sought explanation from Ms Seppo about the rationale of the UN statement, a senior official said.The...

B’desh fastest-growing economy in South Asia after Bhutan: WB

Bangladesh has been ranked as the second fastest-growing economy in South Asia after Bhutan in a latest World Bank report on economic situation, reports UNB. But the downside risks of Bangladesh include financial sector vulnerability, reform reversals, fiscal pressures and loss of external competitiveness, according to latest edition of the...

ADB bankrolls 'good' projects

Finance minister AHM Mustafa Kamal said on Sunday the Asian Development Bank has never declined to finance whenever Bangladesh approached it with a "good" project.He said so far, the Manila-based lender has provided $25 billion in loans to assist Bangladesh's journey towards development."Based on our relationship I can say there...

Anowar new cabinet secy

Senior Secretary of Bridges Division Khandakar Anowarul Islam has been appointed as the new Cabinet Secretary on Sunday, reports UNB.The Ministry of Public Administration issued a gazette in this regard saying the order will be effective immediately.Outgoing Cabinet Secretary Mohammad Shafiul Alam was contractually appointed as Alternate Executive Director at...

Modi assures Kashmir situation to normalise in four months

NEW DELHI, Oct 13 (Reuters): Indian Prime Minister Narendra Modi said on Sunday it would take four months for Jammu and Kashmir to return to normal after his government stripped the state of its special status in August and imposed harsh restrictions.At a rally in the western state of Maharashtra,...

Passengers trying to recover

Passengers trying to recover their belongings after a vehicle, locally called 'Chander Gari,' met an accident, turning on its side at Alikadam of Bandarban on Sunday — Focus Bangla