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

Govt to revive stalled Dhaka Metro projects

The government has decided to revive Dhaka's long-delayed metro-rail-expansion projects in a major push to strengthen the capital's public transport system and ease chronic traffic congestion.The decision signals a renewed commitment to expanding the city's mass rapid transit network after months of uncertainty over soaring costs and procurement concerns.The government...

Tigers whitewash Pakistan again

SYLHET, May 20 (Agencies): Bangladesh whitewashed Pakistan for a second consecutive time as the hosts completed a 78-run win in the second Test in the final morning session to clinch the series 2-0. Having already whitewashed Pakistan in the away series, Bangladesh completed a historic home win at the Sylhet...

BTRC proposes major cut in SIM taxes to boost telecom growth

The Bangladesh Telecommunication Regulatory Commission (BTRC) has proposed a substantial reduction in taxes on new SIM (Subscriber Identity Module) issuance, as high costs are slowing subscriber growth and the expansion of the telecom sector.It has also called for the complete withdrawal of taxes on replacement SIMs and Internet of Things...

Another Tk 50.88b sought for Rooppur project

The Ministry of Science and Technology has sought an additional Tk 50.88 billion for the Rooppur Nuclear Power Plant (RNPP) project under the Revised Annual Development Programme (RADP), sending a formal request to the Programming Division of the Planning Commission.The request, made at the very end of the fiscal year,...

PM urges Ansar-VDP to perform duties with discipline

GAZIPUR, May 20 (BSS): Prime Minister Tarique Rahman on Wednesday called upon the members of Bangladesh Ansar and Village Defence Party (VDP) to perform their duties with utmost discipline and strictly following the chain of command."In any country, adherence to the 'chain of command' and 'discipline' is an essential and...

Destiny urges MoF to unfreeze its accounts

Destiny Group, mired in controversy for its multilevel marketing business, has urged the authorities to unfreeze its bank accounts on humanitarian grounds, sources say.The humanitarian grounds include paying salaries, allowances, and bonuses to its employees, as well as making refunds to its investors, ahead of Eid-Ul-Adha.Chief Executive Officer of Destiny...

Kamta gas well drilling begins

Bangladesh Gas Fields Company Limited (BGFCL) on Wednesday inaugurated the drilling of an appraisal-cum-development well at the Kamta gas field.State Minister for Power, Energy and Mineral Resources (MPEMR) Anindya Islam Amit inaugurated the spud-in operation of Kamta Well No-2 at the well site.Mohammad Mohsin, former secretary and chairman of the...

Accused gives confessional statement

Sohel Rana, the prime accused in the case lodged over sensational killing of a schoolgirl, 8, in the city's Pallabi area on May 19, has given confessional statement, reports BSS.Dhaka Metropolitan Magistrate Aminul Islam Zunayed recorded the statement on Wednesday as police produced the accused before the court and pleaded...

Import of fertilisers from Malaysia becomes uncertain

The move to import fertilisers from Malaysia under a government-to-government (G2G) arrangement has become uncertain due to technical problems, officials have said.The Bangladesh Agricultural Development Corporation (BADC) under the Ministry of Agriculture signed a memorandum of understanding with FELCRA Niaga Sdn Bhd (FNSB), Malaysia on July 16 last year for...