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

Exports fetch $48.28b in FY25

Merchandise exports earned Bangladesh US$ 48.28 billion in the just- concluded fiscal year 2024-25 in a steady growth, bar the last month, banking heavily on the performance of readymade garments as usual.Official statistics published Wednesday showed 8.58-percent year-on-year growth in the exports, excepting in the troubled month of June. The...

Import rises on economic rebound

In an early indication of economic rebound following months of sluggishness, Bangladesh's overall imports increased around 7.0 per cent in the just-passed fiscal year.According to the latest data from Bangladesh Bank (BB), the opening of fresh LCs or letter of credits, generally known as import orders, increased to US$70.72 billion...

Five top revenue officials sent on forced retirement

Five top officials of the National Board of Revenue have been sent packing on allegations of instigating the recent work stoppage and demonstrations that stalled Bangladesh's external trade and tax mobilisation.The Ministry of Finance (MoF) has sent the NBR high-ups into forced retirement, officials said Wednesday, as heads roll over...

Hard-term World Bank lending window beckoning Bangladesh

Bangladesh is asked to borrow from the International Bank of Reconstruction and Development (IBRD), a hard-term lending arm of the World Bank, which extends costlier market-based loan that the country can ill afford at this stage of its graduation process, officials said. The World Bank has suggested the country to...

Hasina jailed for contempt of court

Ousted Prime Minister Sheikh Hasina is jailed for six months for contempt of court in one of cases facing the fugitive following last year's regime change.A three-member bench of the The International Crimes Tribunal-1 (ICT-1) in Dhaka, headed by its Chairman Justice Golam Mortuza Mozumder, Wednesday delivered the verdict after...

All parties agree on caretaker restoration

All political parties that took part in the dialogue with the National Consensus Commission (NCC) shared a similar opinion on the restoration of the caretaker government system, said NCC Vice Chairman Prof Ali Riaz on Wednesday.They all agreed on the restoration of the caretaker system, he said, adding that "there...

Navy to run NCT for six months

Shipping Adviser Brigadier-General (retd) Dr M Sakhawat Hussain said on Wednesday the government recommended that Bangladesh Navy operate Chittagong Port's New Mooring Container Terminal (NCT) for the next six months.He revealed this while exchanging views with journalists after a meeting on Chittagong Port Management at the ministry's meeting room in...