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

Over Tk 4.0b laundered thru single-semester tuition fee

An incident of laundering over Tk 4.0 billion in the name of tuition fee for a single semester has been unearthed in what the team engaged in tracing laundered money sees as the tip of the iceberg.The finding was disclosed in a high-level meeting on recovery of siphoned-off assets held...

US oil major plans expanding hold on BD gas blocks

US oil-major Chevron bids for developing Bangladesh's onshore hydrocarbons block-11 and attain exploration rights over an extended area of block-12 to discover fresh gas to help the country mitigate energy crisis.The oil-gas blocks are situated in gas-rich Surma Basin of the country's northeastern region that contributes much of the fossil...

Japan lending Bangladesh $581 million

Japan is going to lend Bangladesh US$581 million for improving power generation and ensuring food safety, officials said Monday, in aid to the interim government.The Economic Relations Division (ERD) under the Ministry of Finance (MoF) and Japan are likely to sign two loan deals on March 25 to this effect...

Relaxed exit policy allows closing loan account at cut down payment

Down payment is halved to 5.0 per cent of the unpaid loans of borrowers to avail the option of closing off their loan accounts through a regulatory policy sweetening. The central bank relaxed the prevailing exit policy in view of businesses' hardship in tough times, sources said. Issuing a circular...

RMG worker killed, fellows block road

A female garment worker was killed and another injured in a hit-and-run at Chairmanbari in the capital on Monday morning.Enraged RMG workers blocked Banani road in protest following the accident.However, they moved away from the area after hours of blockade from Kamal Ataturk Avenue to Amtali at Mohakhali that created...

Freeze assets of Salman, S Alam, Orion's Karim

A Dhaka court on Monday ordered the Anti-Corruption Commission (ACC) to take steps to attach immovable assets and freeze movable assets owned abroad by Salman F Rahman and his family members.Judge Md Zakir Hossain of the Metropolitan Senior Special Judge's Court passed the orders after hearing a petition filed by...