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

US tariff intended for China and EU, not for LDCs

Renowned economist Dr. Debapriya Bhattacharya on Saturday said Bangladesh should not worry about the recently-proposed US reciprocal tariff policy but rather view it as an opportunity.He said that the US tariff measures are primarily aimed at specific countries and regions-such as China and the European Union-and are not intended to...

India restricts RMG imports thru’ Kolkata, Mumbai seaports

India on Saturday imposed port restrictions on the import of certain goods, including readymade garments (RMG) and processed food items, from Bangladesh.The Directorate General of Foreign Trade (DGFT), Ministry of Commerce and Industry, has issued a notification in this regard.These restrictions came after Bangladesh restricted Indian cotton via sea ports,...

With cash in hand, US Co resurrects investment plan

With cash in hand, US energy giant Chevron assures state-run Petrobangla of resurrecting its held-back investment worth around US$65 million in Jalalabad compression project, insiders said, as the interim government cleared arrears in gas bill at one go.The Chevron Bangladesh company assurance came during a joint-management committee meeting recently following...

Energy adviser calls for indigenising development efforts

Energy Adviser Dr Muhammad Fouzul Kabir Khan stressed on Saturday the need for indigenising Bangladesh's development efforts, highlighting key policy reforms that have already yielded tangible benefits in the transportation sector.He said the government was trying to develop a nationally integrated, multi-modal transport sector master plan, aiming to address longstanding...

5 of a family burnt in Aftabnagar cylinder blast

Five members of a family including three children sustained burn injuries in a gas cylinder explosion at their house at Aftabnagar in the capital early Friday, reports UNB.The injured are Tofazzal Hossain, 45, Munsura Begum, 35, and their three children-Tanzila, 11, Mithila, 7, and Tanisha, 4.The explosion occurred around 12:20am,...

Bangladesh to follow legal process for repatriating illegal Indians

SATKHIRA, May 17 (BSS): Home Adviser Lt Gen (Retd) Md Jahangir Alam Chowdhury today affirmed that Indian nationals found staying illegally in Bangladesh will be repatriated through proper diplomatic channels, rather than being pushed back in the same manner they entered the country."Even if the individuals being pushed in by...

Rizwana seeks addl Tk 1.0b for CCTF

FE ReportEnvironment Adviser Syeda Rizwana Hasan has sought an additional allocation of Tk 1.0 billion for the Climate Change Trust Fund (CCTF) to properly implement its projects, sources said.In a recent letter to Finance Adviser Dr Salehuddin Ahmed, she requested that necessary measures be taken in this regard.The government has...

So far 48,661 pilgrims fly to Saudi Arabia

A total of 48,661 Bangladeshi Hajj pilgrims reached the Kingdom of Saudi Arabia until Saturday morning for performing Hajj.According to the Hajj Office in Dhaka, the pilgrims went to the KSA by 123 flights (Biman Bangladesh Airlines, Saudi Airlines and Flynas).Of the total, Biman Bangladesh Airlines operated 62 flights while...