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

Axe falling on digital betting anywhere

Anyone engaged in gaming on stakes, no matter in or outside the country, will be charged under a new anti-gambling law Bangladesh is making to stem a tide of such digital betting. Officials said ‘The Gambling Act 2023’ would replace a century-old law that does not cover the digital-era offences.“If...

BB’s fund injection controlling call rate

The central bank’s growing fund injection to the market through various instruments is helping to control the interbank call money rate even ahead of the Eid-ul-Fitr, when the rate normally goes up following mounting liquidity demand, officials and bankers said.The instruments are repo, liquidity support facility, Islamic banks liquidity facility...

BTRC to set up system to raise cyber security

The country’s telecom regulator is planning to set up a monitoring system to beef up cyber security of mobile networks. The system will monitor mobile networks, system, applications, database, etc, to detect and protect cyber security of IT resources of the sector. The Bangladesh Telecommunication Regulatory Commission (BTRC) has taken...

Pipeline foreign aid balloons to $45.17b for utilisation failure

The government has backpedaled from its utilisation target of pipeline foreign aid as it has proposed only 1.0 per cent higher project assistance (PA) outlay in the upcoming development programme, officials said on Friday.Although its allocation has increased some 1.07 per cent in taka terms, but it has fallen in...

Shoppers throng the New Market area

Shoppers throng the New Market area, a major shopping hub in the city, on Friday to buy new dresses as Eid-ul Fitr is drawing closer — FE Photo by Shafiqul Alam

Sehri, Iftar & Prayer Timings (2023-04-08)

Briefing 2023-04-08

Stocks snap three-week losing streakSnapping a three-week losing streak, the benchmark index of the Dhaka bourse posted a modest gain in the outgoing week, as bargain hunters showed interest in some oversold stocks in anticipation of quick gains. The market managed to close in the green as the investors deemed...