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

Govt plans to dig deeper into existing gas fields

The Energy and Mineral Resources Division (EMRD) is set to implement two development projects worth Tk 9.11 billion to reduce import dependence by tapping into domestic mineral resources. One project titled 'Drilling of Two Deep Exploration Wells at the Titas and Bakhrabad Gas Fields' would cost Tk 7.98 billion and...

Govt noncommittal on Dec deadline for election

Bangladesh Nationalist Party (BNP) returned disillusioned from a crucial meeting with Chief Adviser Prof Yunus on election timing as the head of interim government was noncommittal on the December deadline they proposed.Rather the government side reaffirmed already-promised December2024-June 2026 timeline for the general election and that the polls must not...

Polytechnic students' protests paralyse Dhaka, other dists

Traffic in the capital's Tejgaon area came to a standstill on Wednesday as protests organised by polytechnic students created tailbacks, causing sufferings to commuters. Polytechnic students blocked roads to press home their six-point demand, including the cancellation of the High Court verdict on the promotion of craft instructors to junior...

Elections, democracy matter, says US

Stressing that elections and democracy matter, the United States has said the future of Bangladesh is going to be decided by the Bangladeshi people, reports UNB."And elections matter. I don't want to sound it trite here, but it's true. Democracy matters, and actions by people matter to confront issues," said...

Karnaphuli Tunnel’s daily losses hit Tk 1.2m amid low traffic

Almost a year and a half since its inauguration, the Karnaphuli Tunnel continues to incur huge losses due to much lower traffic than the estimation amid a lack of initiatives to implement the "one city, two towns" concept. According to the latest toll collection data, 3,000 vehicles on average use...

Salman, Shayan, Shibli face embezzlement charges in IFIC Aamar bond 'fraud'

The Anti-Corruption Commission (ACC) is preparing to initiate an embezzlement case against former IFIC Bank chairman Salman F Rahman, his son Shayan F Rahman, former BSEC chairman Shibli Rubayat Ul Islam, and 27 others on charges of "fraud" over IFIC Aamar Bond, reports bdnews24.com.ACC Director General Akhtar Hossain said on...

BB seeks wilful defaulter list with identities

Bangladesh Bank has instructed all banks to submit comprehensive information on wilful defaulters in a separate format."It is mandatory to include all relevant details, including the names and identities of wilful defaulters," the central bank stated in its directive, reports UNB.The Banking Regulation and Policy Department of Bangladesh Bank issued...

Govt waives 5pc AT on crude edible oil imports

The National Board of Revenue (NBR) has waived the 5.0 per cent advance tax (AT) at the import stage on crude edible oils. Commercial importers can utilise the opportunity, subject to complying with certain conditions, said a notification issued by the NBR on Wednesday.Under the import policy, commercial importers with...

ERD Secretary Md Shahriar Kader Siddiky and German Ambassador to Bangladesh Achim Tröster

ERD Secretary Md Shahriar Kader Siddiky and German Ambassador to Bangladesh Achim Tröster on Wednesday shake hands after signing an agreement to finance €52.5 million for the project 'Climate Change Adapted Urban Development Programme VIII'. — FE Photo

BIDA sees gas tariff hike as 'discriminatory'

The investment promotion authority found the recent gas tariff hike as 'discriminatory' for new investors and apprehended that it would put an adverse impact on its ongoing efforts to attract new investment.The hike just after the investment summit would 'undoubtedly' create a negative perception among the aspiring investors, said Bangladesh...