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

Eid likely Saturday in BD, subject to moon sighting

Eid-ul-Fitr, the largest religious festival for Muslims, is likely to be celebrated across Bangladesh on Saturday as the Shawwal moon was not sighted in Saudi Arabia on Wednesday. The Arab country will celebrate Eid tomorrow (Friday), according to Saudi media reports. However, the National Moon Sighting Committee is scheduled to...

Duty-free car privilege for MPs to end in next budget

The government is set to abolish the long-standing duty-free vehicle import facility for Members of Parliament (MPs) in the upcoming national budget session, marking a significant shift in tax policy aimed at curbing privileges linked to public office.Finance Minister Amir Khasru Mahmud Chowdhury said the decision reflects a broader commitment...

Dev partners offer higher budget support credit

As the war in the Middle East prolongs, affecting Bangladesh's already weakened economic base, a number of development partners have come up with proposals to provide higher volumes of budget support credit to help offset the impacts of the conflict.Finance Division officials say there is no sign of the war...

BD seeks additional $350m loan guarantee from WB

Bangladesh's state-run Petrobangla has sought an additional US$350-million loan guarantee from the World Bank to augment LNG imports amid escalating Middle East tensions and soaring global fuel prices."We have requested the Economic Relations Division (ERD) to expedite the funding to facilitate the buying of liquefied natural gas (LNG) from global...

Eid rush turns chaotic amid transport crunch

The city's Eid rush turned chaotic on Wednesday as thousands of holidaymakers struggled with severe shortages in buses and launches, while a tragic accident at the Sadarghat launch terminal left two people dead and two others missing.The fatal collision between two passenger launches occurred at approximately 5:30pm, just as thousands...

Nilsagar Express derails in Bogura, at least 66 injured

A four-member probe body was formed to look into the derailment of 'Nilsagar Express' train in Bogura district that left at least 66 people injured, reports UNB.Headed by the Chief Transportation Officer, the other committee members include officials from mechanical, engineering and signal departments.At least 66 passengers were injured after...