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

Parliament passes Appropriation Bill

The Jatiya Sangsad (Parliament) passed on Sunday the Appropriation Bill 2019, empowering the government to spend Tk. 6.4 trillion from the consolidated fund for meeting recurring, development and charged expenditures during the current fiscal year (FY) 2019-20.With passage of the bill by voice vote, the Tk 5.2-trillion annual budget finally...

BERC raises gas prices from today

The gas consumers will have to count an additional 32.8 per cent higher tariff on an average from the first day of the fiscal year (FY), 2019-20, as the energy regulator has announced the 'biggest-ever' hike with effect from today (July 01).The new weighted average natural gas tariff will be...

Businesses oppose 'high' gas tariff hike

Trade-bodies of different export-oriented industries, including textile and ready-made garment (RMG), strongly opposed the gas tariff hike by the government on Sunday, saying it will create an adverse impact on their overall business activities.The hike will increase production cost manifold and decrease their competitiveness in the global market, they opined....

PM heads to China today on five-day official tour

Prime Minister Sheikh Hasina will leave Dhaka this (Monday) afternoon for China on a five-day official visit, reports UNB.During her visit, Sheikh Hasina will attend the annual meeting of World Economic Forum (WEF) in Dalian on July 02 as well as hold bilateral talks with Chinese Prime Minister Li Keqiang...

10 banks' capital shortfall hit Tk 183 billion in Q1

Ten banks, including six state lenders, suffered a total capital shortfall of over Tk 183 billion in the first quarter (Q1) of the year as rising troubled loans wiped out their profits.The banks-four state-owned commercial banks (SoCBs), three private commercial banks (PCBs), two specialised banks (SBs) and a foreign commercial...

News Watch (01-07-2019)

Gas cylinder blast injures four in cityFour workers suffered burn injuries in a gas cylinder explosion at the city's Green Road. They were identified as Mohammad Russel, 32, Foyez Hossain, 20, Rakib, 20, and Sumon, 18. The incident took place at the 'Pearl Green' building on Green Road around 9.00am...