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

Rly track project set to be revised with 30pc cost hike

The government is set to revise a project for setting up a railway track under the Indian line of credit (LoC) with 30 per cent cost hike before starting its implementation in last two years from its stipulated schedule, officials said Monday. Officials said the Bangladesh Railway (BR) has sought...

Harnessing Asia\\\'s potential for global growth in focus

Business leaders, policymakers and experts from across the world are going to gather in Dhaka on October 25-26 to work out strategies for spurring the global economy through harnessing Asia's untapped potential. The National Committee of the International Chamber of Commerce (ICC), a world business organisation, is going to arrange...

Is global economic recovery losing steam?

The elites of the financial world gathered in Washington last week for the annual meetings of International Monetary Fund (IMF) and World Bank. They heard some sobering news from the hosts about prospects of the world economy in the short- to medium-term. Indeed, it has become a pattern: the widely...

Govt set to extend takeoff time for tax holiday in power sector

The government is set to extend the takeoff time for availing the existing tax-exemption facility for power-sector investors until 2018 to lure huge investment needed to achieve ambitious targets. Under the existing income-tax rules, private investors in the sector can enjoy tax-breaks for 15 years upon starting commercial production in...

Korean co gets Padma Bridge supervision work

The cabinet committee on government purchase approved on Monday a proposal for awarding construction supervision work of the Padma Bridge Project to a South Korean joint venture company. The Bangladesh Bridge Authority (BBA) earlier sent the proposal to the cabinet committee after its technical evaluation committee recommended the Korean Expressway...

French economist wins Nobel prize

STOCKHOLM, Oct 13 (AFP): French economist Jean Tirole won the Nobel Economics Prize on Monday for groundbreaking work on the power of large companies in a range of key industries. By providing a framework for governments' handling of major enterprises, the 61-year-old professor at Toulouse 1 Capitole University has become...

Invest in big projects, Muhith urges WB

Washington, DC, Oct 12: Bangladesh Finance Minister AMA Muhith expressed his hope that the World Bank would invest in prospective big projects in Bangladesh, forgetting about the previous bitterness involving the Padma Multipurpose Bridge project. "We hope that like Japan and China, the WB will finance big projects like Padma...