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

Bashundhara Group's foreign assets come under attachment order

A Dhaka court has ordered attachment of all movable and immovable foreign assets belonging to the Bashundhara Group Chairman and the Managing Director and their family members on charges of money laundering, officials said.Md Jakir Hossain, Dhaka Metropolitan Senior Special Judge, passed the order on November 25 following a petition...

FY25 GDP growth target cut to 5.25pc

The interim government is expecting 5.25 per cent growth of the gross domestic product (GDP) at the end of the current fiscal year.The original budget of the fiscal year 2024-25 set a target to attain 6.75 per cent GDP growth.The government's revised growth target is significantly higher than the one...

Agartala mission of Bangladesh attacked, flag burnt

Bangladesh's Assistant High Commission in Agartala, the capital of the Indian state of Tripura, came under attack by Hindu protesters on Monday.According to eyewitness accounts of the incident, the supporters of the Hindu Sangharsh Samity launched the attack and also set the national flag of Bangladesh afire.Sources said the Hindu...

Mamata's comment incorrect: Adviser

Remarks of Mamata Banerjee, Chief Minister of the Indian state Poshchimbanga, are not politically correct, says the foreign adviser in a rebuttal to her plea for deploying UN peacekeepers in Bangladesh.The Foreign Affairs Adviser of the interim government, Touhid Hossain, made the observation while talking to reporters after briefing diplomats...

Energy companies forewarn gas cutoff for liquidity crunch

State-owned energy companies forewarn gas cutoff following impending acute liquidity crisis attributable to nearly Tk 27 billion overdue refund of excess taxes charged by taxmen. Petrobangla has reported that the gas-supply system is under threat from fund shortfall affecting gas-distribution companies.According to the corporation, the refund claims from Titas Gas...

Remal costs BD $622m in lost economy

Cyclone Remal costs Bangladesh around $622 million in economic losses and damage due to non-operation of the Summit LNG Terminal, according to the US-based Institute for Energy Economics and Financial Analysis (IEEFA)."The storm reportedly cost Bangladesh $600 million in economic losses and damage, in addition to the $22 million demanded...