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

Fate of planned land-based LNG terminal becomes uncertain

Building Bangladesh's maiden permanent land-based LNG terminal now stalls with the cancellation of short-listing of bidders for the project aimed at ending reliance on expensive floating units hired for re-gasification of the imported liquid gas, sources said.They said the planned land-based terminal-development project was undertaken to ensure country's stable liquefied...

RD on sugar imports halved to 15pc

The government has halved the regularity duty (RD) on sugar imports to 15 per cent from existing 30 per cent, aiming to keep prices of the sweetener stable in the domestic market. As a result, the total impact import duty on raw and refined sugar will be reduced by Tk...

Govt appoints new PSC chairman, four members

The government appointed Dr Mobashher Momen as the new chairman of the Bangladesh Public Service Commission (BPSC), according to an official notification issued on Wednesday.As per Article 138 (1) of the Constitution, the PSC chairman has been appointed by the order of the President, said the gazette notification of Public...

BPC accelerates move to start SPM

CHATTOGRAM, Oct 09: After two fire incidents on oil tankers, the government has expedited the process of implementing a Single Point Mooring (SPM) with a Double Pipeline.Specifically, following the fires on the Banglar Jyoti and Banglar Sourav tankers that transported oil from a mother vessel to the Eastern Refinery Limited...

Trio wins chemistry Nobel for protein design, prediction

STOCKHOLM, Oct 9 (AFP): Americans David Baker and John Jumper, together with Briton Demis Hassabis, shared the Nobel Prize in Chemistry on Wednesday for work revealing the secrets of proteins through computing and artificial intelligence.The three were honoured for cracking the code of the structure of proteins, the building blocks...

No Army crowding at CA's residence: Rumour Scanner

The claim, spread from Tuesday evening using old videos, alleging that army personnel were crowding or causing disorder in front of the Chief Adviser's residence, state guesthouse Jamuna, has been found to be untrue and misleading.Rumour Scanner, an independent Bangladeshi fact-checking website that debunks fake news, myths and misinformation, came...

Summit urges govt to review FSRU decision

The Summit LNG Terminal II Co Ltd ("SLNG II"), a concern of Summit Group, has made an appeal to the interim government to review its decision to cancel the third Floating Storage and Regasification Unit ("FSRU") project in Bangladesh."We respectfully urge the government of Bangladesh to uphold the sanctity of...

Banks to remain closed today for Durga Puja

Bangladesh Bank (BB) has announced that all banks will be closed today (Thursday) for Durga Puja, following a government-declared holiday.The Ministry of Public Administration issued a notification on Tuesday extending holiday for one more day on the Durga Puja, the largest religious festival of the Hindu community, reports BSS. "The...

Dhaka protests BSF killing of Bangladeshi

Foreign ministry on Wednesday protested the killing of a Bangladeshi national who was shot and killed by the Indian Border Security Force (BSF) on 07 October 2024.The victim was identified as Md Kamal Hossain who hailed from Cumilla Sadar South upazila.Bangladesh condemned the killing in a protest note sent to...

One gets death, four life-term in Badda Renu lynching case

A court here on Wednesday sentenced one person to death and four others to life imprisonment in a case lodged over the killing of one Taslima Begum Renu in a mob beating in city's North Badda area in 2019. Judge Murshid Ahammed of Dhaka 6th Additional Metropolitan Sessions Judge Court...

Syrians who were refugees in Lebanon return

Syrians who were refugees in Lebanon return to their home country after a journey to the opposition-held northern Idlib province through the crossing Aoun al-Dadat north of Manbij on Wednesday. — AFP