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

Moody's downgrades 6 BD banks

Global ratings agency Moody's has revised its ratings for six Bangladeshi banks, citing concerns over the country's recent sovereign downgrade.The banks affected are BRAC Bank, City Bank, Dutch-Bangla Bank, Eastern Bank, Mercantile Bank and Premier Bank, reports UNB.Moody's has downgraded BRAC Bank's long-term (LT) local currency (LC) and foreign currency...

HC orders panel to determine illegal Indian, Lankan workers

Umpteen Indian and Sri Lankan nationals allegedly work in Bangladesh's shipping industry without work permit and unlawfully take out thousands of dollars, while the country faces foreign-exchange crunch.Because of unauthorized engagement of foreigners in jobs in Bangladesh, local efficient and trained people remain unemployed, sources said, which invites court orders.A...

Fakhrul clears up BNP's stance on AL's poll issue

BNP secretary-general Mirza Fakhrul Islam speaks at a programme at Fulgazi, Feni, on Wednesday. — Focus Bangla Bangladesh Nationalist Party secretary-general Mirza Fakhrul Islam Alamgir on Wednesday said his party did not say anything about the issue of the Awami League's participation in the next general election."We (BNP) didn't say...

BB issues guidelines on JV/CA business operations

Bangladesh Bank (BB) has issued guidelines for operations of business in Bangladesh by Joint Ventures or Consortiums or Associations (JV/CA) having foreign partner (s) in order to make the process more transparent and more accountable, reports BSS.The central bank in a circular issued on Wednesday said JV/CA with foreign partner(s)...

Saif Powertec handles over 20m TEUs of containers so far

CHATTOGRAM, Nov 20: Saif Powertec Limited, an international-standard domestic port operator, handled more than 20-million TEU (twenty-foot unit) containers and 14,000 vessels at Chittagong port from 2007 to October 2024.Sources said Saif Powertec handled 13,964 vessels at the country's prime seaport during the period. It handled 8,419 ships at the...

39 monitoring teams active in city essentials markets

The government has formed 39 teams to monitor the overheated commodities markets in the city to ensure smooth supply of essential items and keep prices stable, sources said.The teams were constituted with members from seven entities - the ministries of commerce, food and agriculture, Directorate of National Consumers' Right Protection...

Baharul made new IGP

In a major reshuffle in police administration, the government has appointed former chief of Special Branch of Police Baharul Alam as the new Inspector General of Police (IGP) while Sheikh Sazzad Ali as the new commissioner of Dhaka Metropolitan Police (DMP), report agencies. "A major change has come today in...

Dengue: 5 more die--

Five more people have died of dengue while 1,043 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh over the past 24 hours till Wednesday morning, reports bdnews24.com.The number of patients hospitalised with the disease this year has risen to 83,154. The total number of deaths from...

15 injured as students of Dhaka College, City College clash

FE REPORTA violent clash took place between students of Dhaka College and Dhaka City College in the capital's Science Laboratory area on Wednesday, leaving at least 15 students injured.The incident brought traffic to a halt in the busy area, causing inconveniences for commuters.According to Dhaka Metropolitan Police (DMP) Assistant Commissioner...