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

Over-reliance on rental plants pushing up supply costs

The overall electricity supply costs are on the sharp rise in the country as the government is relying heavily on high-cost oil-fired rental and quick rental power plants keeping the low-cost base-load power plants idle, sources say. Currently, almost all the oil-fired power plants, including the expensive rental and quick...

Govt to take tough action on \\\'artificial\\\' price hike

The prices of some vegetables that shot up on the first day of Ramadan are expected to cool down shortly as the supply is pretty plenty and drive against profiteers underway, government authorities said Saturday. Commerce officials also said the government was set to take tough action against any unscrupulous...

Oil from tank-wagons spreading to Karnaphuli

CHITTAGONG, June 20: Two wagons of a train, full of oil, fell off a bridge that caved in at Boalkhali on Friday, reports bdnews24.com. They could not be pulled out until Saturday noon. Railways officials have said it would take the entire day to pull out the cars. The furnace...

Alliance for clear govt stance on factory safety

Expressing its concern over the recent remarks made by Finance Minister AMA Muhith, the North America-based apparel retailers' group Alliance has urged Prime Minister Sheikh Hasina and her government to clarify their position in this connection. The minister in a recent meeting with the leaders of BGMEA (Bangladesh Garment Manufacturers...

Photo: CPD Chairperson Prof Rehman Sobhan speaking

Matia for review of interest cut on savings tools

Agriculture Minister Matia Chowdhury has expressed reservations regarding the decision to cut interest rates on saving certificates and has urged the finance minister to 'seriously' reconsider the matter, reports bdnews24.com. She reminded Parliament on Saturday of the government's responsibility towards low-income people. The government has cut interest rates on all...

Cargo vessel sinks in Bay

CHITTAGONG, June 20 (UNB): A cargo vessel capsized in the Bay of Bengal near the Sandwip channel on Saturday noon. The Sandwip-bound cargo vessel from Kumiraghat of Sitakundu upazila sank in the Bay with 20/25 crewmen aboard around 2:00 pm due to inclement weather

Four of a family hacked dead

JOYPURHAT, June 20 (UNB): A woman of an indigenous community and three more members of her family were killed and another was injured allegedly by her son-in-law over a family feud at Bhimpur in Panchbibi upazila early Saturday. The deceased were identified as Sandhya Rani Mardi, 53, her daughter Tereja...