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

Idle Indian co's twice-extended tenure nears expiry

Indian company ONGC Videsh Ltd (OVL) awaits interim government's decision on a third extension of its contract for hydrocarbon exploration in two Bangladeshi offshore hydrocarbon blocks, said sources, virtually wasting its tenure.The OVL's twice-extended contract tenure for exploring shallow water offshore blocks SS-04 and SS-09 is set to meet its...

China-funded Mongla seaport dev project gets going

Close on the heels of Dhaka-Beijing talks for an update on relations, the interim government may approve the much-awaited China-funded Mongla-seaport-development project tomorrow (Wednesday), officials said.The project was sent back from the Executive Committee of the National Economic Council (ECNEC) in 2020 as the ousted Sheikh Hasina government favoured a...

H1 farm credit disbursement drops over 11pc

Farm-credit disbursement dropped over 11 per cent to Tk162.59 billion in the first half of this fiscal year mainly as political uncertainty, floods and interest-rate hike harmed the crops sector, officials said. The H1 disbursement of agriculture loans during the July-December period in the previous financial year (FY) 2023-24 was...

Boosting NBR efficiency crucial for biz growth

Finance Adviser Dr Salehuddin Ahmed on Monday said that increasing the efficiency of the National Board of Revenue is essential for business growth.At the same time, he called for increasing competitiveness of local businesses in light of the country's upcoming LDC graduation through maintaining labour and environmental compliances.The adviser said...

Dhaka University says bye to seven colleges

The much-trumpeted seven major public colleges will no longer remain affiliated with Dhaka University (DU).Students will, therefore, not be admitted to the colleges from the 2024-25 academic session in line with the DU guideline.A decision to this end came from an emergency meeting on the DU campus on Monday afternoon...

Halt in gas price hike for captive plants, industries demanded

Four prominent business associations, including BGMEA and BKMEA, have urged the interim government to halt the recently-announced gas-price hike for industrial and captive power plants.In a joint letter submitted to Muhammad Fouzul Kabir Khan, adviser for Power, Energy, and Mineral Resources on Monday, the business leaders called for an urgent...

Rajshahi beat Sylhet by 5 wickets

Durbar Rajshahi beat Sylhet Strikers by 5 wickets in the Bangladesh Premier League (BPL) at Sher-e-Bangla National Cricket Stadium in the city on Monday, report agencies.Chasing a target of 118 runs, Rajshahi reached their ultimate goal scoring the match-winner 118 runs for the loss of five wickets in 16.5 overs.Ryan...

Mirza Fakhrul Islam Alamgir briefs journalists after holding a meeting with Islami Andolan Bangladesh

BNP Secretary General Mirza Fakhrul Islam Alamgir briefs journalists after holding a meeting with Islami Andolan Bangladesh at its office in the city's Purana Paltan on Monday. Islami Andolan Bangladesh Ameer Syed Md Rezaul Karim was present on the occasion. — FE Photo

SOS Children's Villages makes 200 young entrepreneurs self-reliant

With the aim of encouraging underprivileged young entrepreneurs, SOS Children's Villages International Bangladesh has made two hundred underprivileged young entrepreneurs from Chittagong and Bogra economically self-dependent. The main results of the Youth Entrepreneurship and Skills Training Project were also highlighted at an event titled "Entrepreneurship and Basic Skills Training for...

3 muggers held in city

Rapid Action Battalion (RAB) in a drive arrested three suspected muggers along with sharp weapons at Mohammadpur in the capital in the early hours of Monday, reports UNB.The arrestees are Md Abu Zafar (32), Md Roni (19) and Md Shawon (19).Tipped off, a team of RAB-2 battalion conducted a drive...

Pori Moni gets bail in murder attempt case

A Dhaka court has granted bail to actress Pori Moni and her costume designer Junayed Karim Jimmy alias Jimmy in a case over threat and attempt to murder, report agencies.Judge of Dhaka Chief Judicial Magistrate Mohammad Junaid approved it on Monday after the actress and the costume designer surrendered before...

Auto-rickshaw snatched after killing driver in city

Unidentified assailants have allegedly snatched an auto-rickshaw after killing its driver in the capital's Badda area, reports UNB.The deceased is Abdus Salam aged 65.The incident occurred in the early hours of Monday. Critically injured, Salam was rushed to Dhaka Medical College Hospital (DMCH), where doctors declared him dead at 1:40...

7,964 stranded workers selected in first batch for entry to Malaysia

A total of 7,964 Bangladeshi workers, out of approximately 18,000 whose migration to Malaysia had been left hanging in the balance, have been selected for entry into the Southeast Asian nation initially, reports UNB.The Ministry of Foreign Affairs (MoFA) confirmed the update during its weekly media briefing on Monday.Spokesperson at...