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

Padma railway cost to surge by 12pc

The government has revised the "fast-track" Padma railway link project, raising its cost by 12 per cent, though the construction work has not started yet.Presided over by Prime Minister Sheikh Hasina, the Executive Committee of the National Economic Council (ECNEC) in Dhaka endorsed Tuesday the proposal for revising 172-kilometre railway...

Govt plans deals on supply of LNG from spot market

The government has prepared the draft of a general master sales agreement (MSA), covering a dozen of global companies, on the supply of liquefied natural gas (LNG) from the spot market.The state-run Rupantarita Prakritik Gas Company Ltd (RPGCL) has already sent copies of the MSA draft to the short-listed suppliers...

BB okays manual for issuing new treasury bond

The central bank has approved a manual for the floating rate treasury bond (FRTB), paving the way for issuing such a debt instrument in the country. The government had earlier decided to issue such a bond pursuant to rule-4 of the Public Debt Rules of 1946.The floating rate treasury bond...

Global climate fund seeks legal immunity, tax waiver

A global climate fund supporting the efforts of developing countries seeks enjoying immunity from legal process and other privileges from Bangladesh, officials said.The board of the Green Climate Fund (GCF) recently forwarded a draft of an agreement to Bangladesh for signing. The government is scrutinising the document, the officials said.Bangladesh,...

Vehicles waiting for long at a CNG filling station

Vehicles waiting for long at a CNG filling station at Tejgaon in the capital on Tuesday as the supply shortage of the natural gas has intensified with the beginning of Ramadan — FE Photo by KAZ Sumon

11 more die in ‘gunfights’ with law enforcers

Eleven more people have died overnight in what law-enforcement agencies described as shootouts as Bangladesh expanded its anti-drug crackdown, reports bdnews24.com.Law-enforcement agencies said they engaged in gun battles with drug traffickers in nine districts overnight on Monday.At least four persons-two each in Cumilla and Nilphamari-have been shot dead by the...

News Watch (23-5-2018)

Youth dies as bus plunges into ditch in cityA young man was killed and several others were injured as a bus plunged into a roadside ditch in the Banasree area on Rampura-Demra Road on Tuesday. Identity of the deceased could not be known immediately. The incident took place around 9...