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

‘Investment flow to remain steady for stable environ ahead of polls’

Both local and foreign direct investment (FDI) will not be affected ahead of the upcoming national elections, as a stable political environment is expected to prevail in the country then, BIDA executive chairman Kazi M Aminul Islam has opined.The government has also taken a number of steps, including identifying the...

Development project execution rate at a standstill for years

The government's development project implementation capacity has not improved over the years, as the budget spending rate of its agencies is almost stagnant compared to the previous years, analysts said on Tuesday.The government agencies spent about 45 per cent of Annual Development Programme (ADP) until third quarter (Q3) of the...

Govt opts for costlier Chinese credit to buy railway cars

The government is in talks with China to secure costlier credit for purchasing railway coaches, which officials said might attract as high as 6.0 per cent interest rate.The CRRC Sifang Company Ltd, a subsidiary of China South Locomotive and Rolling Stock Industry (Group), will supply the carriage to Bangladesh Railway...

Unruly masses foil Ctg admin’s bid to remove people from hill pockets

CHATTOGRAM, Apr 11: An attempt by the local district administration to remove illegal holdings in the hill pockets on the city hills was foiled by the residents living there with risk of life.A team headed by Additional Deputy Commissioner (revenue) of Chattogram Md Delwar Hossain and Assistant Commissioner (Land), Chandgaon...

Main city roads see severe gridlock

Most of the key roads of capital witnessed heavy traffic gridlock following the day-long protest by students seeking reform of the existing quota system in government jobs, creating immense sufferings for thousands of city dwellers.Working people and others suffered a lot as the anti-quota agitating students from public and private...

WB gives $55m for renewable energy expansion

The World Bank (WB) would provide US$55 million additional funds to expand Bangladesh's renewable energy in rural areas as the global lender approved the loan today (Wednesday).The loan will be additional financing from the current US$233 million WB loan for the renewable project in the country.The WB Board in Washington...