All Finance
Holy Shab-e-Qadr today
Soon the situation in Chittagong Hill Tracts will be calm: Obaidul Quader
KNF attack to loot money and show capability: RAB
Kidnapped manager of Sonali Bank returns to his family
Home Minister to visit Bandarban tomorrow to inspect situation
Tk 24,000 cr came in remittance in one month
Dhaka, March 4: In the first two months of this year, remittances, one of the sectors of the economy, have reached two billion dollars. Expatriates working in different countries sent a total of 216 crore 60 lakh dollars in the month of February that just ended. The amount is Tk 23,826 crore in Bangladeshi currency (1 USD=Tk 110).
Perspectives on Indian lines of credit to Bangladesh
Dhaka, March 2: In recent years, the volume and diversity of Indian development cooperation has grown exponentially. India’s development cooperation with fellow developing countries of the South has come a long way. Capacity building is still the key focus of Indian development cooperation, but of late, extension of LoCs on concessional terms through the EXIM Bank has become one of the main instruments of India’s development assistance to least developed and developing countries.
Electricity prices increased by 8.5 percent in retail and 5 percent in wholesale
Own representative, Dhaka, 1 March 2024: Electricity prices are increasing by 8.50 percent at the retail level and 5.074 percent at the wholesale level. The new prices are effective from Thursday. State Minister for Power, Energy and Mineral Resources Nasrul Hamid said that the gazette will be issued on Thursday (February 29) with the increase in prices. The state minister told this information to reporters at the secretariat at noon.
Approval of Offshore Banking Act
Own Correspondence, Dhaka, 29 February 2024: The Cabinet has given in-principle and final approval to the Offshore Banking Act. To open an offshore bank, a license must be obtained from Bangladesh Bank. Transactions can be made in five currencies. The decision in this regard was announced in the cabinet meeting on Wednesday.
Bangladesh to extract gas from deep sea to solve energy crisis: PM
Dhaka, Feb 28: Prime Minister Sheikh Hasina said her government has decided to extract gas in the deep sea to solve the country's energy crisis and investment is required for this.
Price increased for gas used in power generation
Own correspondent, Dhaka, 28 February 2024: The government has increased the price of gas used in power generation. The gazette has been issued increasing the price of gas used in power plants by 75 paise per cubic meter. The new prices are effective from this February. Earlier, on January 18 last year, a notification was issued to hike gas prices in all sectors except for residential, CNG-powered vehicles, fertilizer and tea industry consumption, which came into effect from February that year.
Bangladesh is on the way to buy electricity from Nepal
Own Correspondent, Dhaka, 26 February 2024: Nepal is a bit worried about the agreement that the government of Bangladesh made with Nepal and India last year to purchase electricity from Nepal. The main reason for this concern is the bargaining of the officials of Bangladesh with the officials of the country regarding the price of electricity.
World Bank MD announces Tk 7,000 cr donation for Rohingyas
Dhaka, Feb 26: World Bank Managing Director (MD) Anna Bjerde has announced a USD 65 crore grant for Rohingyas.
Indian onion will enter the market before Ramadan
Own Correspondent, Dhaka, 25 February 2024: Fifty thousand metric tons of onions from India are coming to the country soon. Onion will enter the market before Ramadan.
Suspicious transactions and activities increase by 65% in FY23: BFIU
Dhaka, Feb 20: Suspicious transactions in the country's financial sector have increased by 64.58 percent in the last one year. The number of suspicious transactions in the financial year 2022-23 was 14,106, which was 8,571 in the previous financial year (2021-22).
Inflation increased in January, GDP growth slowed
Dhaka, February 19: According to Bangladesh Bureau of Statistics (BBS) consumer price index data, it rose to 9.86 percent in January from 9.41 percent in December.
Turkish Coca-Cola Icecek to acquire Coca-Cola Bangladesh for $130m
Dhaka, Feb 17: Turkish Coca-Cola Icecek (CCI) is going to acquire Coca-Cola Bangladesh Beverages Limited (CCBB) for USD 130 million (Tk 1,430 crore). An agreement has already been signed between the two companies. The deal is expected to be completed after regulatory approval in Dhaka.
There is a crisis in Bangladesh, we are overcoming it: Finance Minister
Dhaka, Feb 13: Commenting that Bangladesh is slowly improving, Finance Minister Abul Hasan Mahmud Ali said, there is a crisis but we are overcoming it. At the same time, Bangladesh is now on the upward trend. Bangladesh is a country of possibilities and I came back on the same trek.
PM emphasizes on expansion of market for export products
Dhaka, Feb 12: Emphasizing on the expansion of the market for export products, Prime Minister Sheikh Hasina said that along with the expansion of the market, the production of products should also be diversified.
Potato prices going down
Own correspondent, Dhaka, 8 February 2024: The government is importing potatoes from India to control the price. The price of potato is decreasing due to the news of import.