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

WB-backed social protection project cost set to triple

A World Bank-backed social- protection project has proposed tripling its budget to nearly Tk 28.14 billion, including higher consultancy costs and Tk 500 million for festival-related activities, drawing objections from the Planning Commission.The Department of Social Services has sought up to a 33-per-cent increase in the monthly remuneration of individual...

ME conflict may push 1.2m more Bangladeshis into poverty: UNICEF

The Middle East conflict may push 1.2 million more people into poverty in Bangladesh, according to a new report of UNICEF on Thursday. Up to 23.4 million additional children could fall into monetary poverty by the end of the year, as ongoing tensions in the Middle East and related shipping...

BB unveils structured framework for import trade in FTZs

The central bank has introduced a structured framework to regulate import trade into Free Trade Zones (FTZs), aiming to facilitate transactions while ensuring prudent risk management by banks.Under the framework, Authorised Dealer (AD) banks and Offshore Banking Units (OBUs) will deal with FTZ-related transactions in line with foreign exchange regulations,...

Nat'l consensus a must to ready workforce

Bangladesh must build a national consensus to prepare its workforce for the disruptive effects of automation, artificial intelligence (AI), and structural economic change, researchers and international experts said on Wednesday.The suggestion came at a global webinar organised by the Centre for Policy Dialogue (CPD) under the FutureWORKS Asia initiative, where...

Money laundering stalled fixes for ethnic groups: PM

Prime Minister Tarique Rahman has said that many of the problems faced by Bangladesh's small ethnic communities could have been resolved if money was not laundered abroad during the previous government's tenure, reports bdnews24.com.He reiterated his commitment to building a "prosperous, equitable, and discrimination-free Bangladesh".He also said the BNP-led government...

BB opens one-time exit window

Bangladesh Bank has introduced a special one-time exit facility to help finance companies recover or adjust their classified bad and loss loans, as part of efforts to shore up asset quality and liquidity in the sector, reports UNB.The central bank's Finance Company Regulation and Policy Department (FCRPD) issued the directive...

July Shaheed Dibosh observed

July Shaheed Dibosh (July Martyrs' Day) was observed across the country on Thursday with due respect and solemnity through various programmes.The day commemorates Abu Sayed, the first martyr of the 2024 student-led quota reform movement, and all others who lost their lives during the July Uprising, reports BSS.Marking the day,...

Flood toll hits 58 with 1.2m affected

The death toll from recent floods, flash floods, and landslides triggered by torrential rainfall had risen to 58, while 40 people had been injured, said the Ministry of Disaster Management and Relief report on Thursday.The ministry said the disaster had affected 43 districts across the country, nine severely, afflicting around...

Main road in Old Dhaka's Dholaikhal area collapses

The main road in Old Dhaka's Dholaikhal area collapses due to the torrential rains in the past few days, causing widespread suffering. —FE Photo

11 workers burned in gas cylinder blast at Ctg salt factory

CHATTOGRAM, July 16: At least 11 workers suffered burn injuries in a gas cylinder explosion during welding work at a salt factory in Boalkhali upazila on Thursday, police and hospital sources said.Ten of the injured were admitted to the burn unit of Chittagong Medical College Hospital (CMCH), while another received...