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

Be our development partners, PM tells investors in S’pore

SINGAPORE, Mar 13 (Agencies): Prime Minister Sheikh Hasina on Tuesday invited the business community in Singapore to be Bangladesh's partners in its journey towards economic development as the country is now transforming."Bangladesh has a huge young, energetic and easily trainable workforce with competitive wages. It offers opportunities for duty- and...

Summit Power, Mitsubishi sign MOU on 2,400MW LNG plant

Summit Power Interna-tional (SPI) has teamed up with Japan's Mitsubishi Corp and subsidiary Diamond Gas International to set up a 2,400MW LNG-based power plant and an onshore LNG terminal at Matarbari of Moheskhali at a cost of around US$3.0 (300 crore) billion.Summit Corporation Ltd, a subsidiary of the SPI along...

Direct cargo flights to UK resume today

Biman Bangladesh Airlines will restart direct cargo flights to the United Kingdom from today (Wednesday), after two years of ban, reports UNB.The direct cargo-flight operation will resume with a flight of the national flag carrier, BG-001, leaving Hazrat Shahjalal International Airport for London at 10:45am, according to a Biman press...

$400m up for grabs for key infrastructure dev

The central bank has undertaken Investment Promotion and Financing Facility (IPFF-II) project with over US$400 million disbursement target for infrastructure development in nine key sectors. An official list of the sectors eligible for drawing the funds includes ports, power, environment, industrial estates and water supply. In the meantime, the Bangladesh...

Govt won’t continue energy supply at cheap rate for a long period: Muhith

Finance Minister AMA Muhith Tuesday spelled out the government's inability to continue providing energy support at cheap rates for long as LNG (liquefied natural gas) is expected to arrive in the domestic market from April."We shall not be able to continue supplying energy cheaply for a long period. The price...

39 to die for killing Fulgazi Upazila chairman Ekram

FENI, Mar 13 (UNB): A court here on Tuesday sentenced 39 people to death in the sensational Fulgazi upazila parishad chairman Ekramul Haque killing case.District and Session's Court Judge Aminul Haque handed down the verdict, acquitting 16 other accused, including BNP leader Mahtab Uddin Chowdhury Minar, as the allegation brought...

BSC to add six vessels to its fleet soon

CHITTAGONG, Mar 13: Bangladesh Shipping Corporation (BSC) is going to add six vessels to its crippled fleet in a year - five vessels in the current calendar year and the rest in February next. The BSC has only two over-aged crude- oil lightering vessels now.Of the vessels, three are bulk...

Hearing on appeals against Khaleda’s bail today

The High Court order granting a four-month interim bail to BNP Chairperson Khaleda Zia in a graft case remained in force as the Supreme Court on Tuesday did not pass any order on two petitions seeking cancellation of bail, reports UNB.Appellate Division chamber judge Justice Hasan Foez Siddique sent the...

A number of affected investors demonstrating in front of DSE

A number of affected investors demonstrating in front of Dhaka Stock Exchange (DSE) on Tuesday demanding protection of the capital market from 'thieves' amid the present market downturn — FE Photo

AL candidate Farhad wins B'baria 1 by-polls

BRAHMANBARIA, Mar 13 (UNB): Ruling Awami League candidate Bodruddoza M Farhad Hossain was unofficially declared winner of the by-polls for the Brahmanbaria-1 constituency on Tuesday.As per the results announced, Farhad bagged 81,386 votes while his nearest candidate Rezwan Ahmed of Jatiya Party secured 33,258 votes.Earlier, the voting started at 8am...

Bloggers and online activists forming a human chain

Bloggers and online activists forming a human chain and light candles on Dhaka University campus Tuesday in memory of the Nepal plane-crash victims — FE Photo