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

IsDB to lend $167m for 220MW solar plant

The Islamic Development Bank (IsDB) has agreed to provide $167 million in loans - roughly Tk 20.10 billion - to develop a 220MW solar power plant in the Sonagazi area of Feni district, a facility with the highest solar capacity in the country to date. The Power Division proposed the...

WB to give $850m to develop Bay Terminal, create jobs

Bangladesh and the World Bank have signed two financing agreements totaling $850 million to help the country develop the Bay Terminal deep-sea port and modernize the national social protection system to accelerate job creation and inclusive growth.Two separate financing agreements were signed on Wednesday in Washington DC between the Economic...

12,000 acres forestland in Cox's Bazar to be returned to forest department

The government has announced that nearly 12,000 acres of forestland in Cox's Bazar, previously allocated to various agencies, will be returned to the Forest Department.Environment Adviser Syeda Rizwana Hasan disclosed it on Thursday, warning that public land will be cleared of all illegal occupation.Speaking to the media following a visit...

Renewables sector needs long-term financing roadmap

Bangladesh urgently needs a long-term financing roadmap to promote renewable-energy projects and reach the country's target of net-zero carbon emission by 2050, experts suggested Thursday.To achieve the goal, they said, the country that is extremely vulnerable to global warming requires framing the monetary policy in such a way that the...

Signalling system to be restored in over 100 crossings in Dhaka

A fresh initiative has been taken to restore operation of signalling system in the city's over 100 crossings which remained almost stopped for a long time even after taking different projects spending more than Tk1.5 billion during the last two decades.Officials said under the move, one corridor from Hazrat Shahjalal...

Biman to operate 118 pre-Hajj, 108 post-Hajj dedicated flights this year

Biman Bangladesh Airlines, the national flag carrier of the country, will operate a total of 118 pre-Hajj and 108 post-Hajj dedicated flights this year, bringing the total number of flights to 226.Boshra Islam, general manager (public relations) of the Biman Bangladesh Airlines, confirmed the update to the FE. Of the...

BD needs diversification, stronger investment climate

Bangladesh needs economic diversification, greater public financial resources, a stronger investment climate, and improved governance to nurture its economic resilience and competitiveness, according to the Asian Development Bank (ADB).The Manila-based multilateral lender made the suggestions in its Annual Report 2024 published on Thursday.According to the report, the ADB is helping...

Asiatic’s bank accounts frozen over tax evasion

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) has frozen all bank accounts of Asiatic Marketing Communications Ltd (Asiatic MCL) on tax-evasion charges.CIC officials said it has recently instructed all commercial banks and non-banking financial institutions (NBFI) to suspend account transactions of the company.They said the...

Mobile operators can now accept taka payments for int'l roaming services

Bangladesh Bank has issued a circular allowing mobile network operators to accept payments in local currency for international roaming services in a bid to simplify such services for Bangladeshi travellers. The directive, issued on Thursday, is expected to ease the process for people receiving such services during overseas trips.According to...

Asif Mahmud apologises over his father’s licence

Adviser to the local government and sports ministries Mr. Asif Mahmud Shojib Bhuyain has publicly apologized through facebook.The apology was issued through a post on Asif's verified Facebook page around 11:30am on Thursday, where he expressed regret over his father's license and sought to clarify the situation."At around 9:00pm last...

Police Academy SP Tanvir Salehin suspended

The government has suspended Superintendent of Police (SP) of Sarda Police Academy, Rajshahi, Md Tanvir Salehin Emon.Earlier he also served as deputy police commissioner of Dhaka Metropolitan Police (DMP). As per the President Order, the Ministry of Home Affairs (public security affairs cell) in a circular signed by Senior Secretary...