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

Budget aid of $500m expected during CA's Japan visit

Japan may provide 500 million US dollars as budgetary support for Bangladesh, against its request for one-billion-dollar, a government spokesperson said on Tuesday."We are expecting 500 million dollar budget support from Japan during the visit of Chief Adviser Professor Muhammad Yunus," said Press Secretary to the CA, Shafiqul Alam, on...

Prof Yunus looks to secure Japanese pvt investment

Chief Adviser Professor Muhammad Yunus has called for expedited development of key infrastructure in the Matarbari region to transform the coastal area into Bangladesh's premier manufacturing and export-oriented free-trade zone, said a spokesperson for the CA Office on Tuesday.The CA gave the direction during a high-level meeting, held to review...

Purchase of LNG, fertiliser, edible oil approved

The government on Tuesday approved a number of proposals allowing state entities to buy liquefied natural gas (LNG), fertiliser, and rice- bran oil, among others.The approvals came at a meeting of the Advisers' Council Committee on Government Purchase at the Bangladesh Secretariat, chaired by Finance Adviser Dr Salehuddin Ahmed.Under an...

SC acquits Jamaat leader Azharul of death penalty

The Appellate Division of the Supreme Court on Tuesday acquitted ATM Azharul Islam, a former Assistant Secretary-General of Bangladesh Jamaat-e-Islami, who was earlier given a death sentence on charges of committing crimes against humanity during the Liberation War in 1971. A seven-member bench of the Appellate Division, headed by Chief...

Dhaka-Ctg oil pipeline lies idle despite completion

The country's maiden Dhaka-Chattogram oil-carrying pipeline remains idle and is awaiting commissioning despite completion of its construction work, sources said.Privately-owned tank lorry operators who have been transporting petroleum products over the years in the absence of any operational pipeline, continues to make profits from the delay.Sources said the state-run Bangladesh...

Foreign ship docked with 470 reconditioned cars at Mongla Port

KHULNA, May 27 (BSS): A foreign ship carrying 470 reconditioned vehicles from Japan docked at Mongla Port on Monday noon.The ship, M.V. Viking Drive, bearing the flag of the Republic of the Marshall Islands, arrived at jetty no. 9 around 12 noon. The 164-metre-long and 7-metre-deep ship brought in a...

Jahangir urges India to repatriate Bangladeshis through legal process

Home Adviser Lieutenant-General (Retd.) Md Jahangir Alam Chowdhury Tuesday urged India to follow the proper legal procedure in returning Bangladeshi nationals, expressing concern over a recent increase in cross-border push-ins, reports BSS."The number of push-ins at the border has increased. We have protested and called upon India to adhere to...

Yields on BGTBs fall

The yields on two types of long-term Bangladesh Government Treasury Bonds (BGTBs) declined on Tuesday, as a section of banks expressed willingness to invest their excess liquidity in the securities.The cut-off yield, generally known as interest rate, on the 15-year BGTBs came down to 12.20 per cent from 12.40 per...

Alleged top ringleader Subrata Bain alias Fateh Ali

Alleged top ringleader Subrata Bain alias Fateh Ali and his three accomplices-Molla Masud alias Abu Rasel Masud, Shooter Arafat, and Sharif - were arrested by members of the Bangladesh Army during raids in Kushtia and Dhaka on Tuesday. Arms and ammunition were also seized during the operations. Subrata had been...

Prof Abu Ahmed slams BB tight monetary policy, fears depression

Eminent economist Professor Abu Ahmed has warned the country's economy might witness depression due to the tight monetary policy of the central bank to fight inflation, reports UNB."This is not a good policy for our economy," he said while talking to UNB over telephone.He mentioned that Bangladesh Bank has increased...