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

Rawhide prices mostly elude govt-set rates

An expected bonanza out of rawhide business eluded seasonal traders this Eid-ul-Azha as prices of hides and skins of sacrificial animals hovered around 30-40-percent down the government-fixed minimum retail price (MRP).The government had set cowhide prices at Tk 1,350 in the capital and Tk 1,150 outside or Tk 60-65 per...

All eyes set on CA-Tarique London conclave on Friday

All eyes are set on an upcoming meeting between Chief Adviser Prof Muhammad Yunus and BNP Acting Chairman Tarique Rahman as anticipation is rife the London conclave could break a tumultuous standoff over election timing. As confirmed, the Yunus-Tarique one-one-one parley takes place Friday, June 13, between 9:00 and 11:00am...

Energy ministry assessing model PSC for onshore blocks

The energy ministry is currently evaluating a draft Model Production Sharing Contract (MPSC) to launch an onshore bidding round after 28 years.State-run Petrobangla has already prepared the draft and submitted it to the Energy and Mineral Resources Division (EMRD) under the Ministry of Power, Energy and Mineral Resources (MPEMR) for...

Govt moves to delist Khanpur ICD project from Indian LoC

The interim government has now started procedure to delist the Khanpur Inland Container Depot (ICD) project from the Indian line of credit (LoC) after rejecting a proposal for cost-and tenure extension in January, said officials.The Ministry of Shipping (MoS) recently sought the opinion of Economic Relations Division (ERD) regarding the...

Bangladesh's economic outlook revised downward for next three fiscals

The interim government has cut the country's macroeconomic outlook on a large scale trimming down the economic-growth targets for the next three fiscal years up to FY2028.Economists have, however, termed the revised economic growth targets and other macro-economic outlook as 'unrealistic' amid the prevailing political instability. The government has slashed...

WB projects 3.3pc GDP growth in FY'25

The World Bank (WB) has projected that the economy of Bangladesh would grow by 3.3 per cent in the fiscal year (FY) 2024-25, ending June 30. The GDP (gross domestic product) growth of Bangladesh is estimated to rise at 4.9 per cent in the FY '26 from the previous level,...