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

Lack of govt guarantee stalls disbursement of foreign loans

The absence of government payment guarantees has become a serious concern for private-sector solar power projects, with at least three plants facing prolonged delays in securing foreign financing despite finalising loan negotiations with international lenders.Project developers say lenders such as the Asian Development Bank (ADB) and the Japan International Cooperation...

Global shocks put economy at renewed risk: GED

Rising global energy costs and escalating tensions in the Middle East (ME) are posing renewed risks to Bangladesh's key macroeconomic indicators, including inflation, trade deficit, and exchange rate stability, according to the latest publication of the General Economics Division (GED) of the Planning Commission.The April issue of the Economic Update...

Metro rail body gets new chief

Additional Secretary Mohammad ShaugatulAlam has been appointed Managing Director of Dhaka Mass Transit Company Limited (DMTCL), the state-owned entity responsible for planning, implementing, operating and maintaining the capital's metro rail system.The Ministry of Public Administration issued the appointment order in a circular on Wednesday, in a move that appears to...

Govt clears well drilling projects amid energy supply crisis

Amid a severe energy crisis triggered by conflicts in the Middle East, the government on Thursday approved a few energy exploration projects aimed at strengthening domestic oil and gas reserves.The approvals were given at a meeting of the Cabinet Committee on Government Purchase, chaired by Finance and Planning Minister Amir...

Foreign aid inflow dips 19pc as debt servicing rises

The government received a total of $3.89 billion in foreign aid in the first nine months of the current fiscal year, marking a 19.07 per cent decline from $4.81 billion in the same period of the previous fiscal year, according to the latest report of the Economic Relations Division (ERD).The...

Govt to introduce online land registration system by 2028, says minister

The government is implementing a major initiative to digitize the country's land registration system through an ICT-based automation project, with the aim of introducing online-based deed registration by 2nd half of 2027 or 1st half of 2028, reports BSS.In response to a scripted question from opposition lawmaker Md Masud Parvez...

Motorcyclists refuel without long queues at a filling station in the capital's Asad Gate area after the

Motorcyclists refuel without long queues at a filling station in the capital's Asad Gate area after the introduction of the fuel pass system, as authorities say fuel reserves remain adequate. The photo was taken on Thursday. — FE Photo

Fire breaks out at Demra ink factory

An incident of fire took place on Thursday at an ink producing factory in the capital's Demra area. However, there was no report of casualties. A duty officer at the Fire Service and Civil Defence office told the FE that the incident of fire occurred at the factory named 'Sima...