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

Three sub-zones dev project under NSEZ comes under scrutiny

Bangladesh Economic Zones Authority (BEZA) is seeking approval for a Tk19.18-billion infrastructure-development project to carve out three sub-zones in the National Special Economic Zone (NSEZ) in Mirsarai ready for industrial operations.The Prime Minister's Office has sent the development project proposal (DPP) titled "Infrastructure Development at Sub-Zones 6, 11 and 12...

Refiners seek Tk 10 cooking oil price rise

Edible oil refiners have proposed raising cooking oil prices by Tk 10 per litre, citing higher import costs, with the government yet to decide whether to approve the latest proposal.Under the proposed pricing, the maximum retail price (MRP) of one-litre bottled soybean oil would rise to Tk 209 from the...

Win public trust to save $5bn spent on overseas treatment, PM tells doctors

Prime Minister Tarique Rahman on Saturday urged doctors to earn people's trust through compassionate, quality care and a humane approach, saying stronger confidence in the country's healthcare system could help prevent an annual outflow of around US$5 billion spent on treatment abroad, reports UNB."Every year, around US$5 billion flows out...

Youth shot dead at Meghalaya border

SYLHET, July 11: A 25-year-old Bangladeshi man was shot dead near the Bangladesh-India border in Sylhet early on Saturday, with border authorities launching an investigation into the cross-border killing, officials said.The deceased, Minhaj Uddin, 25, was the son of Kamar Uddin of Bhadeshwar village in West Jaflong Union under Gowainghat...

Tk 400b SOE debt pile fuels fiscal concern

Bangladesh's financial architecture is facing significant pressure as the state-backed contingent liabilities for underperforming State-Owned Enterprises (SOEs) and autonomous bodies reached Tk 400.12 billion in sovereign guarantees till the last fiscal year, officials say.This massive debt pile, triggered by heavy overseas and domestic borrowing by core public sectors like Biman...

Govt earmarks Tk 4.0b for 100 electric buses

The government has taken a major step to accelerate the adoption of electric vehicles (EVs) by deciding to introduce 100 electric buses into the public transport fleet and requiring government agencies to procure only fully electric vehicles for their transport pools.Sources said the Finance Division has approved Tk 4.0 billion...

Move to introduce ration facilities for employees in Grades 12-20

The government has moved to introduce ration facilities for all officers and employees serving in government institutions under Grades 12 to 20 in response to rising commodity prices and the increasing cost of living, reports BSS. The government believes that introducing ration facilities will reduce employees' mental stress, ease daily...

Creative economy needs policy reforms to unlock growth potential: Experts

Bangladesh's creative economy needs supportive policies, structural reforms and measurable performance benchmarks to emerge as a sustainable driver of economic growth, experts said at a discussion on Saturday.They welcomed the government's first dedicated budget allocation for the sector but said its success would depend on effective implementation, regulatory reforms and...