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

Bangladesh unveils onshore wind power guidelines

The government has unveiled comprehensive guidelines for developing onshore wind-power projects, with industry leaders saying the new framework could pave the way for greater private investment.The new framework, released last week, is also expected to help Bangladesh tap its "immense potential" in wind energy as it pursues ambitious renewable-energy targets.The...

Revamping SAARC stressed to boost regional economy

Revamping the dormant South Asian Association for Regional Cooperation (SAARC) through practical cooperation, institutional reforms, and renewed political commitment is deemed imperative for economic advances and shared prosperity. Speakers at a seminar Monday made the call as they think such an active bloc and a stronger SAARC Development Fund (SDF)...

Tariff hike's impact to be felt from August: PDB

The Bangladesh Power Development Board (PDB) says consumers should not expect an immediate improvement in electricity supply following June's tariff hike, reports bdnews24.com.The additional revenue will only become available after July's bill collections, allowing the utility to purchase more fuel from August, it said.State Minister for Power Aninda Islam Amit,...

8 killed in Rohingya camps, another in Cox's Bazar

COX'S BAZAR, July 6 (BSS): At least nine people, including eight Rohingya refugees, were killed and several others injured in landslides triggered by heavy rainfall at three Rohingya camps in Ukhiya and in Cox's Bazar town early Monday.The landslides occurred between 1:00am and 3:30am at Rohingya camps 7, 11 and...

Sheltech Group unveils Tk 15.04b investment plan

Sheltech Group, one of the leading business conglomerates, has unveiled an investment programme worth around Tk 15.04 billion across agro-processing, real estate, textiles, manufacturing and renewable energy, aiming to create nearly 45,000 jobs, including about 40,000 through contract farming in the agriculture sector.With the new investments, the group targets an...

Urgent reforms needed as post-LDC export risks grow

Bangladesh's export competitiveness is coming under increasing pressure ahead of its graduation from the least- developed country (LDC) status due to uncertainty over post-graduation market access, tougher compliance requirements, and new free-trade agreements (FTAs) signed by competing exporting countries, according to the Research and Policy Integration for Development (RAPID). Weak...