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

Commercial operation date first, tariff re-negotiation later

The interim government has backed down from its "prior re-negotiation" on tariffs as the pre-condition for approval of the commercial operation date (COD) of the 718MW JERA Meghnaghat power plant. The state-run Bangladesh Power Development Board (BPDB) now intends to approve the COD of the Japanese JERA-owned gas-fired combined cycle...

Jet fuel sees price hike

The Bangladesh Energy Regulatory Commission (BERC) on Monday increased the price of jet A-1 fuel -- commonly used in aircraft -- for both domestic and international flights.For international flights, the price was raised by 5.52 per cent to $0.64 per litre, while for domestic flights, it went up by 4.75...

Poultry industry likely to shrink as prices of eggs, chickens, day-old chicks have collapsed

Thousands of small farmers are making losses as prices of broiler chickens and eggs have fallen. Hatcheries are also losing money as prices of day-old chicks have fallen.Farmers in the northern region recently sold eggs at Tk 7.5 per egg, and live broiler chicken at Tk 110 per kg. These...

7.2m taxpayers with TINs do not file returns, says NBR chairman

The National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan has revealed that 7.2 million individual taxpayers do not file their income tax returns despite having a Taxpayer Identification Number (TIN).He said among those who do file tax returns, around 3 million are not paying income tax.The NBR, citing...

AL-ARAFAH ISLAMI BANK HOSTS TRAINING WORKSHOP FOR SME ENTREPRENEURS

Al-Arafah Islami Bank has organised a month-long special training workshop to promote sustainable development of entrepreneurs and the Small and Medium Enterprises (SME) sector. The workshop is being held at the Bangladesh Rural Development Academy (BARD) in Cumilla with the overall support from the Sustainable Inclusive Credit Project (SICIP) under...

Bitcoin climbs to record $123,000

SINGAPORE, July 14 (Reuters): Bitcoin surpassed $120,000 for the first time on Monday, marking a milestone for the world's largest cryptocurrency as investors bet on long-sought policy wins for the industry this week.Bitcoin scaled a record high of $123,153.22 before pulling back slightly to trade 2.4% higher around $122,000.Later in...

Singapore averts recession in second quarter

SINGAPORE, July 14 (AFP): Singapore averted a recession in the second quarter, official data showed Monday, but the government warned of "significant uncertainty" ahead owing to the effects of US President Donald Trump's tariffs.Preliminary estimates from the trade ministry show that the economy grew 4.3 per cent year-on-year in the...