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

Land-related delay, revised prices to raise project cost

Land acquisition-related delay, new rate of schedule for compensation and increased prices of construction materials are likely to raise both project cost and time of SASEC 2 for third time.Sources said the project which started field-level work late to widen 195 kilometre Elenga-Hatikumrul-Rangpur highway could not make desired progress in...

These concrete blocks of a road divider are carelessly left on the busy road at Farmgate intersection in the capital,

These concrete blocks of a road divider are carelessly left on the busy road at Farmgate intersection in the capital, creating an obstacle for smooth vehicular movement. The photo was taken on Saturday. — FE photo

Database for informal sector in five years

The government will create a database for informal sector within next five years with intent to ensure decent workplace by initially bringing entrepreneurs under a registration system.SME Foundation, Bang-ladesh Small and Cottage Industries Corporation (BSCIC) and A2I (Aspire to Innovate) Programme will develop the 'National Informal Sector Database' with all...

US urged to lift sanctions against RAB

Bangladesh has urged the United States government to lift sanctions against the elite crime-busting force Rapid Action Battalion (RAB), foreign ministry officials said on Saturday.The visiting state minister for foreign affairs Md Shahriar Alam made the request to his US counterpart deputy secretary Wendy R Sherman at the State Department...

Deal with any intimidation in next polls CEC

Chief Election Commi-ssioner Kazi Habibul Awal on Saturday asked deputy commissioners and superintendents of police to be aware of their duties to deal with any intimidation in the next general elections expected to be held late next year or in the beginning of 2024, reports UNB. "If any illegal interferences...

China lashes out at latest US export controls on chips

BEIJING, Oct 8 (AP): China on Saturday criticized the latest U.S. decision to tighten export controls that would make it harder for China to obtain and manufacture advanced computing chips, calling it a violation of international economic and trade rules that will "isolate and backfire" on the U.S."Out of the...

IMF frees up $3.8b more in funds for Argentina

WASHINGTON, Oct 8 (AFP): The International Monetary Fund's board on Friday approved a new loan tranche of $3.8 billion to debt-plagued Argentina, the crisis lender said in a statement.The decision, approved by the IMF's technical teams in September, was taken at the end of the second review of the Extended...

Despite lower electricity demand on weekend, residents suffer

During the weekend on Friday and Saturday when consumers expect an uninterrupted power supply against a lower electricity demand they had no luck this time, reports UNB.Power cuts on Friday were like a usual working day when demand for electricity soars as offices and businesses operate.Official figures show, though the...