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

India to provide $1.0b for building transmission grid

The government will build a transmission grid for electricity distribution from Rooppur nuclear power plant under a US$1.41 billion project, mostly financed from an Indian credit line. Officials said Friday the highest amount of funds, nearly $1.0 billion, would be spent from the latest Indian Line of Credit (LoC) worth...

A number of kites on trees in Dhaka

A number of kites on trees in Dhaka University area on Friday evening producing a rare spectacle with the species facing gradual extinction in Bangladesh — FE Photo by Shafiqul Alam

Consumers to start getting LNG from May

The government expects to start supplying imported re-gasified LNG (liquefied natural gas) to consumers from early May.The country's first FSRU (floating, storage, re-gasification unit) is expected to reach the LNG import terminal on April 23, secretary to the energy and mineral resources division Nazimuddin Chowdhury told the FE.Prime Minister Sheikh...

TIB demands steps to restore public trust in financial sector

Bangladesh chapter of the global anti-sleaze body has called for efficient, independent and impartial role of the Anti-corruption Commission to ensure good governance in the country. The Transparency International Bangladesh made a nine-point demand including exemplary punishment for the people involved in question paper leak, and greater participation of the...

Myanmar to create Muslim-free ‘buffer zone’ in Rakhine state

KOE TAN KAUK, Myanmar, Mar 16 (AFP): Buddhist flags hang limply from bamboo poles at the entrance to Koe Tan Kauk, a "model" village for ethnic Rakhine migrants shuttled north to repopulate an area once dominated by Rohingya Muslims.The new arrivals are moving to parts of Rakhine state mostly "cleared"...

Russia to expand US ‘blacklist’ to counter new sanctions

Russia will expand its own "blacklist" of Americans in response to new US sanctions announced by the Trump administration, a Russian minister said Friday, according to a report by CNN.The development came amid Trump’s preparation to sack his national security adviser McMaster. The Trump administration confirmed Thursday it was enacting...

Ctg port to commission auction shed next month

CHITTAGONG, Mar 16: The Customs Auction Shed of the Chittagong Port Authority will be commissioned within a month to help ease congestion.The decision came at a meeting between shipping minister M Shajahan Khan and senior officials of the two government agencies in the city. The meeting also decided to constitute...

Dhaka, London for boosting trade for mutual benefits

Bangladesh and the United Kingdom (UK) have agreed that trade is an important tool in tackling poverty, and that increasing bilateral trade could bring significant benefits to both countries, reports UNB.Both sides affirmed their strong commitment to the implementation of the agenda for sustainable development including Sustainable Development Goals (SDGs).The...

BGB seizes 2.1m Yaba tablets in Teknaf

COX'S BAZAR, Mar 16: Members of Border Guard Bangladesh (BGB) and Bangladesh Coast Guard (BCG) in separate drives recovered 2.1 million pieces of contraband Yaba tablets from three spots in Teknaf upazila on Friday. The market value of recovered Yaba tablets is Tk 570 million, sources said.Sources said acting on...

Key regional party quits Modi’s alliance

A key regional party has quit Indian Prime Minister Narendra Modi's ruling federal alliance after a prolonged dispute, reports BBC. The Telugu Desam Party (TDP), which rules the southern state of Andhra Pradesh, said the National Democratic Alliance (NDA) has been "unsupportive".Although Mr Modi's government has a majority in parliament,...