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

Infrastructure fund opposed

The Ministry of Finance (MoF) has opposed forming the proposed national infrastructure fund and suggested enhancing the lending capacity of two state-run financers instead to fund public-private partnership projects, officials said. The MoF has decided to provide Tk 20 billion from the public exchequer to the state-owned Bangladesh Infrastructure Finance...

Students halt protest

Students of Bangladesh University of Engineering and Technology (BUET) on Tuesday announced that they would boycott all academic activities until the university authorities expel the killers of Abrar permanently. They decided to suspend their protest programme against the killing of BUET student Abrar Fahad.They also declared that they would take...

FM sees no impact on relations with China

Bangladesh's move to allow installation of Indian radars in its coastal region should not be a cause of concern for others, Foreign Minister Dr AK Abdul Momen said on Tuesday.The minister said this when he was asked whether this move would affect Bangladesh's bilateral ties with China."It will not affect...

Inflation rate up in Sept

The rate of inflation went up by 0.05 percentage points to 5.54 per cent in September over the previous month due to rise in the prices of some non-food items, official data show.The rate of non-food inflation increased by 0.10 percentage points to 5.92 per cent last month, with higher...

IMF projects 7.8pc growth

The International Monetary Fund (IMF) has forecasted a 7.8 per cent economic growth for Bangladesh in 2019.The October 2019 version of the World Economic Outlook (WEO), released on Tuesday morning in Washington DC, unveiled the projection. The title of the outlook is 'Global Manufacturing Downturn, Rising Trade Barriers.'The IMF also...

One more life insurance co to enter market

Another life insurance company has obtained the regulatory nod to conduct its business in the country, raising the total number of life insurers in the private sector to 32.People having knowledge of it at the Insurance Development and Regulatory Authority (IDRA) said the IDRA had approved it more than a...

Backward-linkage units to come under central VAT reg

The backward-linkage companies that contribute to making finished products are now eligible to obtain central VAT registration for all units, said an order issued on Tuesday.However, central production units should manufacture identical and similar products with backward-linkage products, known as inputs, it said.They will also have to maintain accounts for...