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

BD turns 'kleptocratic' from 'crony capitalist'

Bangladesh has become a "kleptocratic" state from a "crony capitalist" one over the years under the influence of bureaucrats, politicians and businesses, White Paper Committee chief Dr Debapriya Bhattacharya said on Monday.Besides, the country has fallen into a "middle-income trap" as its growth narrative was biased and not true, said...

34 firms submit EOIs

Thirty-four global firms have submitted expressions of interest (EOIs) to supply spot liquefied natural gas (LNG) to Bangladesh as the interim government has started shortlisting spot LNG suppliers afresh. A senior official of state-run Petrobangla told The Financial Express Monday that eleven of the firms had been selling LNG in...

Upcoming national polls to be tough: Tarique

KHULNA, Dec 2 (UNB): BNP Acting Chairman Tarique Rahman on Monday warned his party leaders and workers that the upcoming national election will be one of the toughest in the history of Bangladesh, and urged them to work hard to garner public support."In light of my 30-35 years of political...

India's proposal for bandwidth transit to NE states rejected

Bangladesh has rejected a proposal for the transit of bandwidth to India's northeastern Seven Sisters states, marking a pivotal moment in the region's digital infrastructure landscape.The project, spearheaded by Summit Communications and Fiber at Home in collaboration with India's Bharti Airtel, promised to enhance internet connectivity for the Seven Sisters,...

ADB to finance $24.3m to establish solar power plant in Mymensingh

The Asian Development Bank (ADB) has signed a $24.3 million financing package with Muktagacha Solartech Energy Limited (MSEL) to establish a grid-connected solar photovoltaic power plant in Mymensingh.As the sole mandated lead arranger, ADB arranged, structured, and syndicated the financing package for MSEL, which is owned by Bangladesh-based energy company...

SAARC needs to be more impactful

Chief Adviser Dr. Muhammad Yunus emphasised the need to make SAARC more impactful by focusing on functional areas such as climate change, sustainable development, and renewable energy, which are of common interest to all member states. He made this observation when the Secretary General of SAARC, Ambassador Md. Golam Sarwar,...

Tax revenue collection continues to mark negative growth

Tax revenue collection continues to mark a negative growth in the current fiscal year, largely due to the economic downturn with sluggish import scenario.The National Board of Revenue (NBR) has collected 1.03 per cent less revenue in the July-October period compared to that of the previous FY.Provisional data of the...

Final voter list to be published on Mar 2: EC

The country's final voter list 2025 will be published on March 2 next, the Election Commission said on Monday. Election Commissioner Brigadier General (retd) Abul Fazal Md Sanaullah disclosed this while talking to reporters after the first meeting of the newly formed Election Commission, reports UNB. Chief Election Commissioner AMM...

BR delays Dhaka-Khulna new route opening

Bangladesh Railway (BR) postponed its scheduled inauguration of train services between Dhaka and Khulna via Padma Bridge-Bhanga-Jashore route on Monday due to a strike by its running staff.The operation was scheduled to start at 11:00 am on the newly built 27-kilometer Bhanga-Jashore track.Sources said that staff members went on strike...