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

Depositors now easy targets of govt, banks

The government is now milking the bank depositors to the maximum possible extent to extract tax revenues, at times, going beyond logic and norms.The depositors are being made to pay tax revenue in addition to fees and service charges levied by the banks on them on a regular basis. Depositors...

Govt efforts help BD attain LDC graduation criteria: PM

TUNGIPARA, Mar 17 (UNB): Prime Minister Sheikh Hasina said on Saturday Bangladesh has become eligible to graduate to a developing country from the LDC group after meeting all the three criteria for the first time due to implementation of various development programmes by the government."We're implementing development programmes to build...

ADB seeks NOC to invest $120m in power sector

The Asian Development Bank (ADB) has sought clearance from the government to invest US$120 million under a private initiative in Bangladesh's power sector that struggles to serve an insatiable demand. Sources said the foreign development financier made the move as private-sector conglomerate Summit Power tries to tap global equity through...

UN hands over formal letter to Dhaka

FE ReportThe Committee for Development Policy (CDP) of the United Nations has formally announced that Bangladesh has fulfilled the criteria for graduating from LDC status for the first time.Roland Mollerus, Chief of the Secretariat of the CDP, handed over an announcement letter in this regard to Permanent Representative of Bangladesh...

Medicos identify 14 deceased Bangladesh nationals, ordeals on

FE ReportFourteen of the 26 Bangladeshis killed in the US-Bangla aircraft crash in Kathmandu were identified by forensic experts, as ordeals continued for nearly a week since the tragedy struck.The bodies were shown to the relatives in the afternoon after disclosure of the names through a media briefing at the...

Parliament reelects Xi President

Xi Jinping was re-elected China's President on Saturday by a unanimous vote in the current session of the 13th National People's Congress.The National People's Congress, China's supreme legislature, also appointed Xi's close ally Wang Qishan as the vice president of China.Both of them took oath along with other officials after...

AL team meets Congress party leaders in India

An Awami League delegation has met top leaders of the Congress in New Delhi during the 84th plenary session of the oldest political party of India. The Awami League delegation, led by Presidium Member Abdur Razzaque, joined the Congress' plenary session on Saturday. Awami League Joint General Secretary Dipu Moni...

Manila plane crash kills 10

Ten people died when a small plane crashed into a house north of the Philippine capital on Saturday, aviation and police officials said. The Piper 23 Apache single-engined aircraft, operated by Lite Air Express, had just taken off from a small airport nearby, said Eric Apolonio, spokesman for the Civil...