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

Dhaka seeks relaxed loan terms, relocation of industries

Bangladesh seeks China's support in an array of development and livelihood projects and reduction in interest on Chinese loans from 3.0 per cent to 1.0-2.0 per cent for renewed bilateral cooperation. Also placed a request for waiver of commitment fees on the Chinese-funded projects in Bangladesh where the East Asian...

Yunus for 'mediation mechanism' in Asia to recover stolen assets

Chief Adviser Muhammad Yunus has called on Asia to "stand united" to build a system to retrieve and return money laundered from Bangladesh, which has been a "victim of corruption and illicit financial flows", reports bdnews24.com.Speaking at the Baoa Forum for Asia (BFA) on his four-day trip to China on...

Tax-dodging, money laundering by bigwigs unearthed

Intensive tax-file scrutiny and asset hunt in Dubai by revenue sleuths have unearthed a notable volume of tax-dodging and money laundering by numerous bigwigs, including a former president of Chittagong Stock Exchange. Officials have said the Central Intelligence Cell (CIC), as part of the current anti-graft crackdown under the interim...

BD poised to cross $3.0b mark in expatriates' fund receipt

March appears as a golden month as Bangladesh is on course to cross US$3.0-billion mark in remittance earnings for the first time in its history, with inflows reaching $2.945 billion in 26 days.Sources at the central bank said by the last banking day of the month --Thursday, March 27 --...

Court declares BNP's Ishraque DSCC mayor

An election tribunal in Dhaka on Thursday declared Ishraque Hossain, BNP mayoral candidate in the election held on February 1 in 2020, as the mayor of Dhaka South City Corporation (DSCC). Judge of the election tribunal and also First Joint District and Sessions Judge in Dhaka Md Nurul Islam delivered...

Economy won't get stagnant during long Eid vacation

Economy won't get sluggish during a prolonged Eid-ul-Fitr vacation, Finance Adviser Dr Salehudding Ahmed said Thursday, as holidaymakers go on exodus from the capital for their native homes.Friday marks the start of nine days of holidays for the public-sector employees, while majority of the private offices and industrial units will...

Eid rush to roots: Dhaka, Ctg look almost deserted

Thousands of residents left Dhaka and Chattogram cities for their native homes by trains, buses and launches on Thursday to celebrate the holy Eid-ul-Fitr festival with their near and dear ones.While visiting Kamalapur Railway Station in the capital, the FE found large crowds of passengers who were travelling to their...

Rooppur power plant likely to start operation this year

Chief Adviser Dr. Muhammad Yunus said on Thursday that the Rooppur power plant is expected to begin generating power on a trial basis by the end of this year. During a meeting with Alexei Overchuk, Deputy Prime Minister of Russia, at the Boao Forum for Asia Conference in the Chinese...