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

Subsidy to power sector won't be possible always, says PM

Urging all to maintain austerity in electricity use, Prime Minister Sheikh Hasina on Thursday said it will not be possible to always provide subsidy for power generation, reports UNB."It's not always possible to give subsidy... everybody should keep it in mind," she said.The Prime Minister said this while inaugurating two...

$6.0b ADB pledge for next three years

The Asian Development Bank (ADB) has pledged nearly $6.0-billion assistance to Bangladesh in the next three years from fiscal year (FY) 2021 to FY 2023.Besides, the Manila-based lender has kept aside another $5.2 billion standby project aid for the country for disbursement during the period.The ADB Dhaka office made the...

Global deaths, cases still maintain upward trend

The novel coronavirus has killed at least 830,779 people since the outbreak emerged in China last December, according to www.worldometers.info tally from official sources Thursday, report agencies.The United States is the worst-hit country with 183,700 deaths from 6,003,371 cases. At least 3,314,839 people have been declared recovered, according to www.worldo-meters.info...

BD seeks Swiss role in Rohingya repatriation

Not a single Rohingya could be repatriated in the last three years due to lack of political will and decisive action on the part of Myanmar, said Foreign Minister Dr. A K Abdul Momen.Dr Momen made this remark when new Swiss Ambassador to Bangladesh Ms. Nathalie Chuard paid a courtesy...

Migrant workers' return continues amid corona

The arrival of Bangladeshi workers back home from different countries has been continuing since April as the upshot of the coronavirus outbreak.More than 85,790 workers have returned home from 26 countries during the period due to factors like job cuts, irregular status and expiration of contracts.The expatriates' welfare desk at...

VAT on internet value chain cut to 5.0pc

The National Board of Revenue (NBR) has cut VAT on internet related value chain services to 5.0 per cent in response to the demands of the internet service providers and recommendations of the policymakers.From now on, the value added tax (VAT) on International Terrestrial Cable (ITC), International Internet Gateway (IIG)...

Four int'l firms submit bids to RPGCL

Four global liquefied natural gas (LNG) suppliers are in queue to supply the maiden cargo of the fuel from international spot market.The state-run Rupantarita Prakritik Gas Company Ltd (RPGCL) received bids from only four suppliers out of the 14 short-listed firms that showed interest to supply LNG to Bangladesh from...

Moderna vaccine appears to 'work in older adults'

A sign marks the headquarters of Moderna Therapeutics, which is developing a vaccine against the coronavirus disease (Covid-19), in Cambridge, Massachusetts, US, May 18, 2020, reports Reuters. Moderna Inc said on Wednesday its experimental Covid-19 vaccine induced immune responses in older adults similar to those in younger participants, offering hope...

Two motorcycle riders try to shield themselves

Two motorcycle riders try to shield themselves from sudden rain with a polythene sheet as they make their way along the Manik Mia Avenue in the city on Thursday — FE photo by KAZ Sumon

Bangladesh invites more Swiss investment in SEZs

Foreign Minister Dr AK Abdul Momen has invited Swiss investors to set up manufacturing factories in the Special Economic Zones (SEZs) and invest more in Bangladesh, reports UNB. Praising the precision and high-quality of Swiss products, he urged the Swiss investors to take advantage of various incentive packages that are...

BB turns down Rupali Bank's proposal of stock dividend

The central bank has turned down Rupali Bank's proposal of issuing stock dividend. As a result, the bank will place the proposal in its annual general meeting to seek shareholders' approval.The bank's board of directors declared 5 per cent stock dividend on its 1102nd meeting held on 28th June, 2020....

Biman suspends flights on some routes until Sept 30

Biman Bangladesh Airlines has suspended international flights to Kuwait, Kolkata, New Delhi and Manchester until Sept 30 due to the coronavirus pandemic, reports bdnews24.com.The countries are yet to lift bans on international flights, Tahera Khandaker, the deputy general manager of the national flag carrier, told the news agency on Wednesday.The...