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

Corruption corrodes ICT-powered knowledge economy

A government white paper after regime change has found Bangladesh's ICT and telecommunications sector steeped in misdealing sending billions of fast bucks into pockets of a small group of politically and commercially favoured firms.Such unholy practice happened in the fastest-growing knowledge economy as licensing decisions taken during the Awami League...

Cheap capital, costly scrutiny: Why state-run energy firms shun listing

State-run fuel and energy companies could reduce their dependence on government and foreign funds as well as bank loans by listing on the stock market, but political and bureaucratic resistance persists -- largely to avoid heightened scrutiny of corrupt practices.Government and foreign funds are generally considered cheaper than bank credit....

Policy rate likely to stay unchanged

Elevated policy interest rate is likely to stay unchanged in the upcoming monetary policy stance (MPS) for the second half (H2) of this fiscal year as inflation rebounds after some remission.Despite an outcry from the business circles over higher lending-rate regime amid persisting economic slowdown, Bangladesh Bank (BB) continues its...

Price ceilings for govt motor vehicles rise

FE REPORTThe government has increased price ceilings for procuring motorized vehicles by public-sector entities by 15-35 per cent between 2023 and 2026, reflecting sustained price hikes in the global automobile market.The Ministry of Finance (MoF) issued an official order on January 05, 2025 in this connection asking all authorities to...

BD-sized territory lies undersea unexplored

FE REPORTBangladesh's vast deep-sea ecosystem holding potential caches of resources faces mounting pressure from overfishing, aggressive industrial practices and plastic pollution, shows a multinational survey. With the new findings presented to the country's chief executive Tuesday, a conclusion was drawn that another territory lies, equivalent to the size of Bangladesh,...