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

25 dev projects lined up for foreign funding

The Economic Relations Division (ERD) under the Ministry of Finance is set to host a meeting of the "foreign assistance search committee" today to finalise foreign funding for 25 development projects proposed for inclusion in the Annual Development Programme (ADP) of the upcoming fiscal year.The combined preliminary cost of the...

DNCC takes possession of its share after 10 yrs

The Dhaka North City Corporation (DNCC) has finally taken possession of its share in the Sheraton Hotel building in the capital's Banani area, bringing an end to a decade-long deadlock over share distribution, reports UNB.The official handover was marked by the signing of a possession transfer agreement between the Sheraton...

Japanese consortium set for operation, maintenance job

A Japanese consortium is likely to get operation and maintenance work of the newly-built third terminal of the country's prime international airport for 15 years as the preliminary bid discussion went on successfully.However, the consortium is likely to monitor Biman Bangladesh Airlines' ground handling performance based on some key indicators...

Competitiveness, efficiency, skills key to apparel sector growth, say experts

Improving competitiveness, efficiency and skill development are crucial for the manufacturers, including the apparel sector, to strengthen their footprint in the international market and cope with the new challenges, speakers said.Keeping this in mind, they have underscored the need for government policy support to enhance business efficiency in the global...

BD set to become world’s largest cotton importer in FY '25

Bangladesh is set to become the world's largest cotton importer in the current fiscal year (FY 2024-25), overtaking China, according to the US Department of Agriculture (USDA).The country's heavy reliance on export-oriented readymade garment industry that employs around 5.0 million people, mostly women, is driving the surge in cotton imports....

WB to supply $250m for reforming 5 agencies

The World Bank (WB) will lend $250-million financial support to the interim administration's reforms at five government agencies with an eye to establishing governance and accountability, according to officials.The National Board and Revenue (NBR), the Comptroller and Auditor General (CAG), the Bangladesh Public Procurement Authority (BPPA), the Statistical Informatics Division...

Businesses for talks to steer US tariff regime

Businesses on Saturday called for analysing US priorities and objectives related to its new tariff regime and devising fast, strategic and coordinated negotiations to navigate the challenges.They also suggested addressing the challenges identified by USTR report like high tariffs, investment hurdles, non-tariff barriers, bureaucratic tangles, corruption and lack of transparency...