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

Dhaka airs concern, Beijing says lower riparians won't be affected

Bangladesh expressed concern over the construction of a mega-dam by China on the Brahmaputra during bilateral talks in Beijing on January 21 and got assurances that lower riparians won't be affected.Foreign Affairs Adviser Touhid Hossain, who led the Bangladesh team, disclosed Sunday this and other outcomes of the meeting, adding...

Train with 1,200 aboard avoids accident in Gazipur

The Chapainawabganj-bound Bonolota Express carrying 1,200 passengers narrowly escaped an accident on Sunday, as the locomotive master managed to stop 40 meter before a damaged track near Dhirashram Railway Station in Gazipur.Officials said a section of the dual-gauge railway track at Chhotodewra was displaced after sleeper locks were broken threatening...

Foreign fund receipts in H1 down to $3.53b

Foreign-aid disbursement to Bangladesh dropped US$3.53 billion in the first half of the current fiscal year as all its development partners ramped down bankrolling its uplift recipe, official statistics show. Of the amount received in the July-December period, $3.26 billion came as loans and $270.64 million as grants, according to...

Businesses seek easing of lending rate, loan classification criteria

Bangladesh's apex trade body seeks urgent regulatory interventions like lowering interest rate, relaxing the tightened loan-classification rules and policy supports to affected businesses to breathe life into sagging economic activity.The proposals of the Federation of Bangladesh Chambers of Commerce and Industry (FBBCI) are meant for overcoming the prevailing sluggish economic...

DoE director comes under attack

A director of the Department of Environment (DoE) was brutally attacked by workers while he was returning with a team which confiscated goods during a raid at a banned polythene factory in Old Dhaka.The victim, Director, Monitoring & Enforcement Md. Sawqat Ali, suffered injuries to various parts of his head...

NBR cuts revenue target to Tk 4.63t

The Government has slashed tax revenue collection target to Tk 4.635 trillion for the current fiscal year following a negative growth in collection in the first six months. Officials of the National Board of Revenue (NBR) confirmed the downsized targets on Sunday. The original target was Tk 4.80 trillion for...

Argent deal leaves room for bargains: BIDA chief

Referring to Bangladesh's agreement with Argent LNG, BIDA Executive Chairman Chowdhury Ashik Mahmud Bin Harun has said signing a non-binding HOA (Heads of Agreement) that outlines key terms but leaves room for negotiation is the first step in a process, reports UNB."The path to a comprehensive, binding contract will follow...