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

Govt to adjust natural gas tariff in phases

The natural gas tariff would be adjusted in phases to cope with the import of expensive LNG (liquefied natural gas) for meeting mounting domestic demand, Prime Minister's energy adviser Dr Tawfiq-e-Elahi Chowdhury said on Wednesday.The imported re-gasified LNG would be supplied by July 15 next as the technical bottlenecks have...

PM seeks ideas to furnish goals for 2041 from bureaucrats

Prime Minister Sheikh Hasina laid utmost importance on Wednesday upon formulating a long-term plan for overall development of the country, report agencies.She sought well-thought out ideas in this connection particularly from the bureaucrats to prepare the nation's development pathway for 2041."We have already started working upon preparing the plan for...

JICA suggests examining the seismic resistance

The Japan International Cooperation Agency (JICA) has suggested examining the seismic resistance of the proposed deep-sea port in Matarbari as Bangladesh is vulnerable to earthquakes.The JICA submitted a report to the Ministry of Shipping this week on the Matarbari port, The JICA said ports in Bangladesh can potentially suffer serious...

Muhith warns cos of steps for not executing new rate

Finance Minister A M A Muhith on Wednesday warned the companies concerned of taking tough actions against them for not executing new VAT (value added tax) rate on Internet.In the budget for the fiscal year (FY) 2018-19, the government downsized the VAT rate on Internet to 5.0 per cent from...

Call to launch Sukuk for liquidity management

Experts at a seminar on Wednesday called for introducing 'Sukuk' in the country as it can help the Islamic banks mobilise fund while managing liquidity. Sukuk means Islamic securities that are often translated as 'Islamic bonds.'Sukuk can also be a better option for raising funds for the large scale construction...

DU teachers, students protest police assault

Dhaka University (DU) teachers and students formed on Wednesday a human chain at the foot of 'Aparajeyo Bangla' protesting the assault on Prof Fahmidul Haq by police on Tuesday, reports UNB.Dr Fahmidul Haq, a teacher of Mass Communication and Journalism department of the university, was assaulted by policemen when guardians...

Flood situation worsens in five dists amid rains

Heavy rains for the last few days and onrush of water from the upstream submerged low-lying areas in Rangamati, Khagrachhari, Sylhet, Sunamganj and Nilphamari districts, reports UNB.According to reports reaching the agency's news desk, various parts of Barkol and Bilaichhari upazilas in Rangamati went under water following torrential rains and...

Two 'drug traders' die in 'gunfights'

Two suspected drug traders were killed in separate incidents of reported gunfights in Mymensingh and Jashore early Wednesday, reports UNB.In Mymensingh, Jalal Uddin, 38, a suspected drug trader, was killed in 'gunfight' with police at Habirbari in Bhaluka early Wednesday.Being informed that a gang of drug peddlers were trading drugs...