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

Fast-track energy projects go off-track

The four "fast-track" power and energy projects except one have failed to make any notable progress and these are still at the initial stage of implementation, insiders said Wednesday.The LNG (Liquefied National Gas) terminal project is the one that has managed to show better progress, they said.Of the power projects,...

IFC to pump $72m into two local industrial groups

The International Finance Corporation (IFC) has sought the government's approval for investing US$ 72 million in two local conglomerates to make sure both groups get working capital, officials said. According to its articles of agreement, the World Bank's private lending arm needs to take prior permission from the member state...

SC upholds bail for Khaleda Zia

The Supreme Court has upheld the High Court's bail order for BNP Chairperson Khaleda Zia in a graft case, report agencies.The Appellate Division delivered its verdict on Wednesday on two appeals against the High Court's bail order.The bail, however, does not allow Khaleda to get freedom from jail soon, as...

BB mulls uniform calculation of forward rates

The central bank plans to develop uniformity of calculation in case of forward rates among the banks aiming to ensure discipline in the country's foreign exchange market.The Bangladesh Bank (BB) has asked for the methodology of calculation on forward rates from nine banks within a week, according to officials.The instruction...

WB to give $110m loans for enterprise development

The World Bank (WB) will provide loans worth US$ 110 million for Bangladesh's enterprise development in a bid to ensure green industrialisation in the country.Economic Relations Division (ERD) Secretary Kazi Shofiqul Azam and WB Country Director in Bangladesh Qimiao Fan signed the loan deal in the capital on Wednesday. The...

Dhaka-Ctg traffic chaos continues

CUMILLA, May 16 (UNB): Traffic chaos on Dhaka-Chattogram highway continued to cause sufferings to commuters as a 20-km tailback was created from Daudkandi Toll Plaza to Putia on Wednesday as in the past several days."I started my journey from Cumilla around 5:00 am and after seven hours we only managed...

Ramadan from tomorrow

Muslims in Bangladesh will begin fasting tomorrow (Friday), as the National Moon Sighting Committee confirmed Ramadan would begin on that day. The moon for the month of Ramadan of the Islamic calendar year 1439 was not sighted in any part of the country on Wednesday, the committee said after a...