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

New railway workshop to serve cross-border train corridor

The government will establish Bangladesh's third railway workshop in Rajbari to provide backward-linkage service to cross-border train communications through Padma Bridge. Officials said Monday passenger coaches and wagons of trains plying route through the southwestern region would be repaired, among other engineering works, at the new workshop.Ministry of Railway (MoR)...

Govt offices owe power cos Tk 13b in unpaid bills

Power division has sought finance authorities' intervention to realise some Tk 13.83 billion in unpaid electricity bills from state entities, officials said, as recovery efforts failed.Officials said in a recent letter the power division requested the finance division to release adequate funds in line with the demand of the government...

29pc of refinancing fund goes undisbursed

Nearly 29 per cent or Tk 2.58 billion of the Tk 9.0-billion capital market refinancing fund remains undisbursed due to poor response from the investors, who were the victims of the 2010-11 stock market debacle, officials said.Despite repeated attempts, the fund supervision committee and Investment Corporation of Bangladesh (ICB) could...

Rohingyas now more vulnerable to impending monsoon: IOM

Despite escaping violence in their homeland, the impending cyclone and monsoon season mean the Rohingyas now face more life-threatening dangers from the weather and environmental conditions in Bangladesh, said the UN migration agency on Monday, reports UNB.Most now live in extremely basic shelters in desperately overcrowded camps built on steep...

4G mobile spectrum auction today

The Bangladesh Teleco-mmunication Regulatory Commission (BTRC) is set to hold the much-awaited spectrum auction of different bands today (Tuesday) for introducing the 4G/LTE service in the country, reports BSS.Two mobile network operators (MNOs) are taking part in the auction, although four MNOs applied for vie it."Grameenphone and Banglalink are participating...

Fisheries development and SDGs

There is good news from the country's fisheries sector. A manifold increase has been reported in fish farming with positive signs of the sector becoming a key driver for socio-economic growth, besides ensuring protein sufficiency. Bangladesh has a deltaic landscape marked by innumerable rivers and a wide expanse of wetland...

MK Alamgir dismisses all allegations

Dismissing the allegation of his involvement in Farmers Bank scandal, its former chairman Dr Mohiuddin Khan Alamgir, MP said on Monday three newspapers ran reports involving him in the irregularities with 'untrue and motivated information', reports UNB."They (newspapers) noted I (MK Alamgir) took commission from clients before the distribution of...

Arrest if phone use within 200m

Banning the use of mobile phone in a radius of 200 metres around the examination centre to prevent the leakage of question papers in the ongoing SSC and equivalent examinations, the government has ordered immediate arrest if anyone is found with a cellphone, reports UNB.The Higher and Secondary Division of...

A seed vendor displays fresh vegetables

A seed vendor displays fresh vegetables and plants as part of his mobile marketing strategy to attract customers. The photo was taken from Topkhana Road in the capital on Monday. — FE Photo