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

Decides to build deep-sea port, prefers Japan as builder

Interim government's economic policy body, in a major development push, decides to build the long-stalled Matarbari deep-sea port and prefers Japan as the builder rather than China or India for quality works and for some geopolitical issues.Planning Adviser Professor Wahiduddin Mahmud disclosed the decision made Monday by the Executive Committee...

BB cash support against repo once a week likely

The Bangladesh Bank (BB) is likely to allow cash support against repo facility once a week instead of two days in a move to prompt banks manage funds more efficiently, according to central bankers.As part of the plan, the BB will sit with treasury heads of commercial banks on Wednesday...

Bank A/Cs of Summit’s Aziz Khan, family frozen

The Bangladesh Financial Intelligence Unit (BFIU) has frozen the bank accounts of Mohammad Aziz Khan, chairman of Summit Group, along with 11 of his family members.The freeze was implemented on Sunday and includes all personal and business accounts owned by the individuals.The Summit Group chairman's family members whose accounts have...

Travel ban slapped on S Alam, his family members

A Dhaka court on Monday issued a travel ban on S Alam Group owner Mohammed Saiful Alam, his wife Farzana Parveen and 11 members of his family over allegations of laundering US$ 1.0 billion to Singapore and several other countries. The other accused are S Alam's brothers Mohammad Abudullah Hasan,...

BD bound for robust economic rebound: HSBC

Bangladesh's economy is expected to rebound significantly over the coming year, with GDP growth making a leap to 7.1 per cent in FY2025-26, according to a latest HSBC projection. Although the growth rate has been revised to 4.5 per cent for FY2024-25, the country is set to bounce back, driven...

S Alam Group hauled up Tk 70b from one bank

Much-talked-about conglomerate S Alam Group has taken nearly Tk 70 billion in loans from Social Islami Bank, according to the new management of the bank now trying for a turnaround."These loans covering both funded and non-funded are still in regular status," says newly appointed Chairman of the bank Professor M....