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

Bank Company Act provision suspended for co's LC opening

Bangladesh Bank has suspended a section of the Bank Company Act for a year only to allow letter of credit (LC) opening in favour of a defaulter company. The BB move has taken many by surprise. Issuing a circular Monday, the central bank instructed the commercial banks to maintain 100-percent...

Average annual inflation cools to 8.68 per cent in FY26

A tightfisted policy stance on the monetary front and supply bounties pay off as Bangladesh saw 12-month average inflation rate for the just-concluded financial year fall significantly to 8.68 per cent from preceding double-digit level. The rate dropped from 10.03 per cent in the previous fiscal year of 2024-25, latest...

Saudi Crown Prince invites PM to visit KSA

Saudi Crown Prince and Prime Minister Mohammed bin Salman has invited Prime Minister Tarique Rahman for an official visit to Saudi Arabia, marking another step toward strengthening bilateral relations.The invitation was conveyed Monday when Saudi Ambassador in Bangladesh Abdullah Jafar H. Bin Abiyah paid a courtesy call on the Prime...

Brazil's identity crisis deepens after early World Cup exit

Brazil's 2-1 defeat to Norway on Monday (as per BST) in the FIFA World Cup round of 16 was decided by moments. But it was also the culmination of problems that have been building for more than two decades, report agencies.The defining image came just 14 minutes into the match....

Adani Power dues drop to $400m

Bangladesh has reduced its outstanding electricity payment dues to Adani Power by more than half over the past year, with regular payments helping restore full-capacity power supply from the Godda plant and easing concerns over cross-border electricity imports.The arrears owed to the Indian business conglomerate have fallen to around US$400...

Govt replaces Zakir with Anis as BB deputy governor

The government has replaced Bangladesh Bank (BB) Deputy Governor Zakir Hossain Chowdhury with BB Executive Director Md Anis Ur Rahman.Secretary of the Financial Institutions Division (FID) under the Ministry of Finance Nazma Mubarak confirmed the reshuffle in the top hierarchy of the central bank on Monday."We have cancelled the contractual...