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

Moazzem Hossain's 7th death anniv today

Today (Friday) is the 7th death anniversary of the country's iconic economic journalist and founder-editor of The Financial Express (FE), A.H.M. Moazzem Hossain.On August 01, 2018, he passed away at the age of 73.He was one of the leading organisers of the FE, the country's first financial English daily that...

Policy rate remains unchanged at 10pc to help check prices

Bangladesh's tightfisted monetary-policy stance to continue with 10-percent policy rate until inflation drops below 7.0 per cent, the central bank announced Thursday.During the rollout of the half-yearly monetary policy for the current fiscal year, Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur said the 'tight' monetary-policy stance would continue unless...

Parliament to have PR-based 100-seat upper house

Bangladesh poised to have bicameral parliament 100-seat upper house as the National Consensus Commission (NCC) decided Thursday by exercise of discretionary authority amid political disagreements on its formation. The commission also decides that the members of the upper house will be nominated through the proportional representation (PR) system based on...

Dhaka anticipates cut-down duty on exports

Bangladesh was set to conclude its final-round negotiations with the United States on Thursday on hopes for an agreement providing cut-down duties on Bangladeshi exports.Officials at the Ministry of Commerce said the outcome of the wrapping-up negotiations would determine the final tariff rate, which is expected to be formally announced...

Trade bodies flag BB's monetary policy 'dampening' pvt investment

Leading trade bodies in Bangladesh have expressed concern over Bangladesh Bank's (BB) continued contractionary monetary policy, warning that it is dampening private investment and hurting business confidence across sectors.In a statement issued on Thursday, the Dhaka Chamber of Commerce and Industry (DCCI) noted that private sector credit growth fell to...

1 in 4 Bangladeshis multidimensionally poor

Bangladesh's 24.05 per cent or nearly one-fourth of people are multi-dimensionally poor as they are deprived from some 11 dimensions, said a government report.In 2019, 24.05 per cent of the population was identified as multi-dimensionally poor, meaning that around 39.77 million people are deprived in at least one-third of the...

Hasina, Rehana, family members indicted

Two separate special courts in Dhaka have framed charges against 27 individuals, including ousted Prime Minister Sheikh Hasina, her sister Sheikh Rehana, and their family members, in six cases filed on charges of abusing power in acquiring plots in RAJUK's Purbachal New Town Project. Hasina's son Sajeeb Wazed Joy, daughter...