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

Japan finances for BD gets costlier

Once-most-concessional loan is going to be costlier as Japan has proposed to raise its interest rate by 30-percentage points to 3.05 per cent for lending to Bangladesh, officials in Dhaka say.Currently, Japanese lender Japan International Cooperation Agency (JICA) charges 2.35 per cent for its loans against different development projects in...

Simplify process to attract investment, says PM

Prime Minister Tarique Rahman on Monday directed the authorities concerned to simplify the project-approval process to attract both local and foreign investment.He also assured necessary support for investors willing to invest in long-closed state-owned factories, said a press release issued by the Prime Minister's press wing.The directives came at a...

LPG prices overshoot official rates, straining consumers

Liquefied petroleum gas (LPG) consumers are now paying around Tk 200 to Tk 350 more per cylinder than the government-fixed price as retail market rates continue to remain higher than official levels.The gap between regulated pricing and the actual market selling price has widened in recent years, putting additional pressure...

Push for tax breaks, policy support to meet 10,000 MW solar target by 2030

Tax exemptions for a certain period, adoption of appropriate technology, adequate financing and strong political commitment are vital to achieve the government's target of generating 10,000 megawatts of solar power by 2030, speakers at a programme on Monday said.Describing the target as ambitious, they said it is both realistic and...

US trade official due today to push ART execution

A senior United States trade official is due here today for talks aimed at strengthening bilateral trade and investment ties, amid growing economic engagement between the two countries.Brendan Lynch, assistant US trade representative for South and Central Asia, will lead a delegation to Dhaka on May 5-7 to discuss ways...

Labourers load and unload sacks of new-season paddy at Ashuganj river port in Brahmanbaria, one of th

Labourers load and unload sacks of new-season paddy at Ashuganj river port in Brahmanbaria, one of the country's largest rice hubs, where farmers from Kishoreganj, Sylhet, Habiganj and Brahmanbaria bring their harvest. The photo was taken on Monday. — Focus Bangla

Mandatory fuel pass system for bikers now at 68 pumps

The government has increased the number of filling stations providing fuel to bikers under a mandatory 'fuel pass' system to 68 from the seven initially introduced on a pilot basis in the capital. The Ministry of Power, Energy and Mineral Resources disclosed it in a Face Book post on Monday....