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

AIIB to give $60m for 220-MW plant in Bhola

China-backed Asian Infrastructure Investment Bank (AIIB) is set to provide US$ 60 million for constructing a 220-megawatt (MW) combined cycle power plant in the southern district of Bhola.The board of directors of the multilateral development partner has approved the loan last week, AIIB officials revealed on Monday. This is the...

Rain relieves city dwellers

The capital experienced a sudden spell of rainfall on Monday that provided some respite to the city dwellers. The rain started at around 8:20 pm and continued for about an hour. Early in the day, the city also experienced brief rain accompanied by gusty wind and sandstorm.A number of city...

Imports soar 28pc on food grains, machinery, fuel oils

The country's overall imports jumped by more than 28 per cent or US$1.09 billion in January mainly due to higher import of food grains, capital machinery and fuel oils, officials said.The settlement of letters of credit (LCs), generally known as actual import, in terms of value, rose to $4.98 billion...

Pilgrims have to pay more this year

The cabinet approved on Monday the draft Hajj Package, 2018, fixing the minimum cost for a pilgrim at Tk 3,97,929, reports UNB.The cost is up by Tk 16,421 from the previous year's cost under the package-1 of the government management.Held at the Prime Minister's Office with Prime Minister Sheikh Hasina...

Creating new gateway to the Sundarban

There is a difference between watching a wild animal caged in a zoo and watching it in its own habitat. Perhaps that is why people visit forests and engage in safari tours.The same is happening in Bangladesh too. Number of tourists visiting the Sundarban is on the increasing trend. The...

Dhaka, Delhi to review LoC projects tomorrow

Dhaka and New Delhi will review tomorrow (Wednesday) the progress of development projects under Indian credit, aimed at removing obstacles in the process of implementation, officials said Monday.Officials at the Ministry of Finance (MoF) said a joint monitoring team of Bangladesh and India will sit in Dhaka to review the...

BTRC caps pay per use of mobile internet to Tk 5.0

With a view to protecting the mobile phone customers from bill shock, the telecom regulator has capped pay per use of internet by fixing Tk 5.0, reports BSS. The regulator -- Bangladesh Telecommunication Regulatory Commission (BTRC) -- has taken the decision against the backdrop of dissatisfaction of mobile phone users...

N’ganj road crash leaves 10 dead

NARAYANGANJ, Feb 26 (Agencies): At least 10 people, including two children, were killed and 50 others injured in a fatal road accident on Dhaka-Chittagong highway at Tribordi in Sonargaon upazila on Monday noon.The accident occurred on the Dhaka-Chittagong Highway in the Upazila's Chibordi Mugrapara area at around 1:30 pm on...

'Poverty, inequality remain major challenges to attain SDGs by 2030'

Poverty and inequality remain two major challenges for Bangladesh to achieve Sustainable Development Goals (SDGs) by 2030. Around 39 million people of the country still live in poverty and nearly 21 million live in extreme poverty ($ 1.90 a day) despite progress in reducing poverty head count rates. Some of...