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

Freelancers stash chunks of earnings in foreign coffers

Bangladesh misses out on substantial sums of foreign currencies as most freelancers are not repatriating much of their cross-border incomes for multiple disincentives, including lower gains and higher promotional expenses, sources say.Much lesser exchange-rate gains for the remitters and higher taxing of their outbound expenses on promotion purposes cardinal ones...

Joint-venture co seeks $110m loan from India's Exim Bank

Rampal 1320-megawatt power plant is about to run out of coal stock and the exigency prompts the management to urge financial backup for the fuel import to continue operation, officials said.Authority of the power plant, a joint-venture company owned by governments of Bangladesh and India, is now looking for a...

Khaleda returns home Monday with 2 daughters-in-law

BNP chairperson and former Prime Minister Begum Khaleda Zia is set to return home Monday after a four-month stay in London for advanced medical treatment, report agencies.She is expected to be accompanied by her two daughters-in-law, Dr Zubaida Rahman and Syeda Sharmila Rahman, said BNP Secretary-General Mirza Fakhrul Islam Alamgir."Insha'Allah,...

Dev budget for two seaports may bloat

Interim government's focus on developing Matarbari deep-sea port and Mongla seaport as shipping hubs necessitates huge funds as the Ministry of Shipping has sought nearly 50-percent higher allocations in the upcoming budget.Officials say the Matarbari port development is likely to involve almost doubling of funds and the struggling Mongla port...

Pakistani Kashmir orders stockpiling of food as India tensions flare

MUZAFFARABAD, May 2 (AFP): Pakistan-administered Kashmir called on residents near the de facto border with India to stockpile food on Friday as tensions flare between the arch-rivals following a deadly attack last month.India blames Pakistan for backing a shooting on civilians at the tourist site of Pahalgam in Indian-administered Kashmir...

A child looks on as people look for survivors in the rubble of a building

A child looks on as people look for survivors in the rubble of a building hit in an Israeli strike in the Bureij camp for Palestinian refugees in the central Gaza Strip on Saturday. — AFP