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

Landless farmers double in three decades: BIDS study

The number of landless farmers in renting cultivated land has doubled to 47.5 per cent in the last three decades, according to a study conducted by Bangladesh Institute of Development Studies (BIDS).It said the share of landless tenants in total cultivated land was only 23.4 per cent in 1988 which...

Gas shortage hits power generation

The government is relying heavily on 'expensive' oil-fired power plants to generate electricity with shutting down a significant number of 'cheap' gas-fired power plants due to suspension of re-gasified LNG supply.Electricity generation of around 1,732 megawatt (MW) is being hampered currently due to gas shortage, according to statistics of state-run...

AIIB likely to finance four more projects

Asian Infrastructure Investment Bank (AIIB) has so far invested US$ 274 million in three projects in Bangladesh and is now considering funding four more projects."We have invested in three projects in Bangladesh of which $49 million is for Bhola independent power producer, $60 million for natural gas infrastructure and efficiency...

Corruption is there in ACC too: NBR chief

National Board of Revenue (NBR) Chairman Mosharraf Hossain Bhuiyan on Sunday differed with the Anti-Corruption Commission's (ACC) report on corruption in its Income Tax Wing.Responding to queries of newsmen, he said ACC should not target NBR's tax or customs wings only. Corruption is prevailing in other government departments also."If impartial...

Decision on rescheduling of polls today

Chief Election Commiss- ioner (CEC) KM Nurul Huda said on Sunday they will take the decision today (Monday) whether the schedule for the 11th parliamentary elections will be deferred or not, reports UNB.Talking to reporters at Nirbachan Bhaban, the CEC said, "I can't say anything right now whether the election...

Bangladesh cricketer Mominul Haque (right) celebrating

Bangladesh cricketer Mominul Haque (right) celebrating his century with teammate Mushfiqur Rahim (left) in the Test match against Zimbabwe at Sher-e-Bangla National Cricket Stadium in the city on Sunday — AFP photo

B’desh to blame if Rohingya return delayed

YANGON, Nov 11 (AFP): Myanmar's government insisted on Sunday any delays to the repatriation of Rohingya refugees would be the fault of Bangladesh, just four days ahead of the controversial planned start date.After repeated setbacks, the neighbouring countries declared that the first of more than 2,200 Rohingya Muslims would be...

Rohingya repatriation should be voluntary, dignified: US

COX'S BAZAR, Nov 11 (UNB): US Deputy Assistant Secretary for the Bureau of Population, Refugees and Migration (Africa and Asia) Richard Albrighton said Sunday the repatriation of Rohingyas should be safe, dignified and voluntary.While talking to reporters after visiting Ghumdhum transit camp, he said a congenial atmosphere should be created...

Trump supporter accused of mailing bombs is indicted in NY

A Florida man accused of mailing 16 pipe bombs to critics of President Donald Trump was indicted in New York City on Friday on charges that carry a potential sentence of life in prison, according to a report published on The New York Times. A federal grand jury returned the...