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

Follow tight monetary policy

Economists have suggested continuing the tight monetary-policy stance as the latest power tariff and petroleum product price hikes could heighten inflationary pressure further.They say although the existing monetary-policy steps are contractionary in nature, the policy is not tight enough to contain inflation as an increased volume of money is being...

Japan's Kajima backs out citing time lag, global volatility

A Japanese company has withdrawn from the bidding for one of the most controversial contract packages (CP) on MRT Line-1 despite being the lowest bidder, citing prolonged delays in implementing Bangladesh's first underground metro-rail project.Sources say Kajima Corporation, whose bid was based on cost estimates prepared nearly two years ago,...

Economy being deregulated for open participation

Bonded-warehouse facilities will be extended to all exporters and all export-product raw-material imports to be duty-free under sweeping economic reforms being introduced in the new budget. Finance and Planning Minister Amir Khosru Mahmud Chowdhury Wednesday divulged the decisions, saying that the government is preparing a broad package of economic reforms...

Solar energy, home appliance makers may get tax incentives

The government is set to unveil a substantial package of tax incentives for the solar-energy sector in the upcoming national budget as part of efforts to reduce dependence on fossil fuels and strengthen energy security amid continued volatility in global energy markets.Local manufacturers of home appliances are also expected to...

Heatwave may last another day: BMD

A mild-to-moderate heatwave was sweeping large parts of Bangladesh including Dhaka on Thursday, leaving life severely disrupted amid intense sunshine and high humidity, reports UNB.The extreme weather made daily life increasingly difficult, particularly for outdoor workers such as agricultural labourers, rickshaw pullers and construction workers who were bearing the worst...

Investor confidence yet to rebound: CPD

Investor confidence has yet to recover despite the easing of political uncertainty in Bangladesh, according to the Centre for Policy Dialogue (CPD).It says businesses are waiting for clearer signals on the government's reform agenda and the upcoming national budget before making significant investment decisions."One major uncertainty relating to the political...

Electricity tariffs reverted for marginal users

Bangladesh Energy Regulatory Commission (BERC) on Thursday re-fixed the power tariffs for lifeline consumers and marginal people to previous levels following government intervention a day after electricity-price hikes.Residential consumers of the first two categories, who consume 0-50 units and 0-75 units of electricity, will continue to pay electricity bills at...

Probe points to negligence by Ad-Din Hospital authorities

The investigation committee formed to probe the deaths of six newborns at Ad-Din Hospital has found clear evidence of negligence by the hospital authorities, doctors and nurses. The hospital administration failed to meet the basic requirements for operating a healthcare facility and that negligence by doctors, nurses and the hospital...