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

Revised budget to be presented by Feb

Planning Adviser Dr Wahiduddin Mahmud on Monday said the interim government would announce the revised budget, although in this case more of an emergency budget reflecting the change in government, for the 2024-25 fiscal by February, reports UNB."It would be better to announce it by end of January, Time has...

Bangabandhu Safari Park project scrapped

The government on Monday scrapped the Bangabandhu Sheikh Mujib Safari Park, Moulvibazar project, as it might put the biodiversity of Lathitila reserved forest in jeopardy."If we develop a safari park in a large forest, biodiversity and conservation efforts could be adversely affected," said Planning Adviser Dr Wahiduddin Mahmud after the...

FAR issue, new DAP rules to be settled in two weeks

The issue of Floor Area Ratio (FAR) and building- construction rules in the new Detailed Area Plan (DAP) are likely to be settled within two weeks, RAJUK chairman Major-General Siddiqur Rahman Sarker (Retd) said on Monday."We expect that we shall conclude the FAR and building rules issue within the next...

ACC starts probe against Hasina, family members

The Anti-Corruption Commission has initiated an enquiry into allegations of corruption, embezzlement and money laundering in the Rooppur Nuclear Power Plant project, reports UNB.A special team of five ACC officials are conducting the entire probe.Ousted prime minister Sheikh Hasina, her son Sajeeb Wazed Joy and niece Tulip Siddiq allegedly embezzled...

Case against SK Sur Chy, wife, daughter gets ACC nod

The Anti-Corruption Commission (ACC) has approved a case against former Deputy Governor of Bangladesh Bank Sitangshu Kumar Sur Chowdhury (SK Sur Chowdhury), his wife Suparna Sur Chowdhury and their daughter, Nandita Sur Chowdhury. The approval was given on Sunday for their failure to submit a wealth statement within the stipulated...

7-member body formed to probe BDR carnage

A seven-member commission has been formed to investigate the 2009 Pilkhana massacre, reports UNB.Disclosing the information at a programme at the BGB headquarters in Pilkhana, Home Affairs Adviser Lt Gen (retd) Md Jahangir Alam Chowdhury on Monday said the Chief Adviser endorsed the formation of the commission on Sunday night.Jahangir...

IFC to finance first climate-smart steel plant in country

The International Finance Corporation (IFC), a member of the World Bank Group, has partnered with Meghna Re-Rolling & Steel Mills Limited (MRSL), a sister concern of Meghna Group of Industries (MGI), to establish Bangladesh's first climate-smart steel plant.This state-of-the-art facility will produce 1.5 million tonnes of steel annually - which...

Freestyle encroachments of roads, footpaths and even passenger shades by hawkers

Freestyle encroachments of roads, footpaths and even passenger shades by hawkers go on unabated in different parts of the capital. Same is the condition of a shade in front of New Market that offers little space for passengers to sit in amid the tyranny of hawkers. — FE Photo