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

Factories being forced to use LPG as fuel for lack of gas supply

Business enterprises have started using liquefied petroleum gas (LPG) in their industries as fuel for industrial output in absence of natural gas supply or due to low gas pressure, counting extra money and posing risks to major accidents, industry insiders feared. Many industries are using LPG to run their gas-run...

MFIs asked not to write off loans before 2-yr wait

The microcredit regulator has directed micro-finance institutions (MFIs) to wait two years before writing off a classified loan. The Microcredit Regulatory Authority (MRA) recently issued a uniform guideline on writing off classified loans to remove confusion in this regard, said sources. "The government issued the directive as there was no...

Diversified use of jute

Jute scientists in Bangladesh have stated that they are working to develop a special jute variety that can replace cotton for fabric manufacturing. They will, as they have further noted, use genome sequencing of jute in developing the special varieties of the golden fibre. A recent report in the media...

Phenomenal rise in Yaba use, trade in five years

The use of contraband drug Yaba and the trade centering it have marked a phenomenal rise in Bangladesh over the last five years, triggering serious concern among the guardians and law enforcers. A tablet of the Amphetamine-type stimulant (ATS) Yaba is now dominating the country's illicit drug market following its...

Consumer price inflation rises to 7.50pc in Jan

The consumer price inflation in the country rose to 7.50 per cent last month, its highest level since August, 2013. Leading economists believe that it is due to a lingering effect of the two months' political turmoil. However, the inflation rate was 7.35 per cent in December last year. The...

Govt to adopt \\\'Vision-2041\\\' to build a prosperous BD: PM

Prime Minister Sheikh Hasina said on Wednesday that her government would soon turn the 'Vision-2021' into Vision-2041 as a long-term perspective plan in line with its election manifesto 'moving ahead Bangladesh', reports BSS. "In the year 2041, Bangladesh will become a peaceful, prosperous and developed place after crossing the status...

BD needs to do a lot more to regain GSP : Mozena

US Ambassador in Dhaka Dan W Mozena said Wednesday that Bangladesh needs to do a lot more to regain its Generalised System of Preferences (GSP) facility in the US market. He said the issues relating to the GSP facility would be resolved shortly. He, however, said the US is satisfied...

BD getting ready for global process to frame SDGs

State Minister for Foreign Affairs Shahriar Alam said Wednesday Bangladesh is preparing itself ahead of the global process for framing the sustainable development goals (SDGs) that would emerge as the Post-2015 development agenda. He said the country is about 700 days away from the deadline to achieve the millennium development...

Jamaat\\\'s daylong hartal across country today

Bangladesh Jamaat-e-Islami is set to enforce a countrywide daylong hartal today (Thursday), reports UNB. However, Chapainawabganj district will remain out of the purview of the shutdown programme. In a statement Friday, Jamaat acting secretary general Dr Shafiqur Rahman had announced the shutdown programme for Monday last protesting the capital punishment...