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

BoP up as CAD falls

Bangladesh's current-account deficit shrank in the first four months of this fiscal year following a rebound in export and remittance receipts, helping a surplus balance in external finances. The deficit in the current account stood at US$752 million in transactions between July and October, in a significant rebound from a...

Budget surplus heralds interim govt's initial reign

A modest budget surplus heralds interim government's initial reign as tightfisted spending to weather inherited crunch yielded Tk 48.38 billion fiscal savings in the July-September period by official count. However, the surplus in the first quarter of the current financial year 2024-25 was one-third lower than the amount of the...

Tk 1.46t bribes paid in service sectors in 15 years: TIB

Service-seekers in Bangladesh paid an estimated Tk 1.46 trillion in bribes between 2009 and April 2024 to access essential services, according to a new survey by the Transparency International Bangladesh (TIB). This period corresponds to the tenure of the previous Awami League government.Some 70.9 per cent of households experienced corruption...

India wants stable ties with BD: Verma

India wants to build constant stable and constructive relationship with Bangladesh, said Indian High Commissioner to Dhaka Pranay Verma on Tuesday. "We have a wide ranging and multifaceted relationship. You cannot reduce it to one issue" the envoy said after meeting Acting Foreign Secretary Riaz Hamidullah at the Ministry of...

Members of the Bangladesh Army have been placed on full alert

Members of the Bangladesh Army have been placed on full alert in front of the Indian High Commission in Dhaka, as security has been stepped up there a day after the Bangladesh Assistant High Commission in Agartala came under attack by Hindu protesters. The photo was snapped on Tuesday. —...

India arrests 7, suspends 3 cops

Indian authorities have arrested seven people and taken action against four policemen in connection with a demonstration and attack on the premises of the Assistant High Commission of Bangladesh at Agartala in India, reports UNB.Three sub-inspectors were suspended, and a deputy superintendent of police was "closed", report Indian media on...

BB assures maintaining standard foreign-exchange reserves

Bangladesh's central bank assures an IMF review mission of reaching conditional NIR or net international reserves by December as nearly US$2.0 billion is expected from multilateral lending agencies.High-ups of the Bangladesh Bank made the assurance during a series of parlays Tuesday with the representatives of the International Monetary Fund before...

BB to continue with contractionary monetary policy

Bangladesh Bank (BB), the country's central bank, has decided to continue with its persisting contractionary monetary policy with no further changes in the coming days to contain inflation.The decision was taken after Monetary Policy Committee (MPC) meeting held on Tuesday evening at the BB headquarters.As per the decision, the policy...

Clarification (2024-12-04)

A news item published in the Financial Express (FE) on Tuesday titled 'Bashundhara Group's property comes under attachment order' mentioned all movable and immovable assets belonging to the Bashundhara Group's chairman and managing director and their family members. Actually, the court attachment order will be applicable only for all movable...