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

Govt plans to introduce electric, high-speed trains

Prime Minister Sheikh Hasina said the government has a plan to introduce electric and high-speed trains in the country to make the railway services better and faster, reports UNB."We've a plan to generate more electricity as we're now producing 22,000MW...we'll be able to introduce electric trains in near future...we'll set...

Dhaka eyes one-fourth of LNG imports from spot market

Bangladesh has moved to import one fourth of its total LNG (liquefied natural gas) requirement from spot market to reap the benefits of a downtrend in global LNG prices."We're working to ensure LNG imports from spot market within months," a senior official of energy and mineral resources division told the...

Major rivers cross danger levels at 23 more points

The flood situation worsened further on Wednesday increasing sufferings of the people in northwestern and northeastern districts, report agencies. Major rivers crossed danger marks at 23 more points across the country as all the four of the country's major basins continued to rise, according to a bulletin of the Flood...

Two-storey abandoned building collapses in Old Dhaka

A portion of the ceiling of a two-storey abandoned building in Patuatuli in Old Dhaka collapsed early Wednesday that killed one person while another was suspected trapped under the debris.The deceased was identified as Zahed Ali Bepari, 50 while his son Rafiqul Ali, 18, was missing until filing this report...

PFC accounts can be used to make import payment

The central bank has allowed Private Foreign Currency (PFC) account-holders to use their accounts' balance for making import payment obligations, officials said."….funds from PFC accounts may be used for payment of admissible imports in terms of Import Policy Order in force," the central bank said in a clarification on Wednesday.Talking...

No fresh NOCs for GP, Robi

Mobile operators Grameenphone and Robi will not get fresh 'no-objection certificates (NOCs)' until they pay audit claim dues to the government."We'll soon stop issuing NOCs to them (GP and Robi). We'll see what happens next," Bangladesh Telecommunication Regulatory Commission (BTRC) chairman Md Jahurul Haque said on Wednesday.There is a provision...

Ominous signs

Within the short span of a week, the Chief Executive Officer of Robi Axiata Limited has twice mentioned that the company would be looking to wind up its operations in Bangladesh as profitability was unsustainable. A twenty-seven per cent tax burden was, according to him, not allowing Robi to make...

India to expel all illegal migrants, says Amit Shah

NEW DELHI, July 17 (Reuters): India will identify and deport illegal immigrants from across the country, the interior minister said on Wednesday, stepping up a campaign that critics say could stoke religious tension and further alienate minority Muslims.An exercise to identify alien immigrants from Muslim-majority Bangladesh has been going on...