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

Economy rebounding notably, policymakers tell CA

The top echelon of Bangladesh's present financial policymakers has noted that the economy, which endured stresses for long following mismanagement by the previous regime, now bounced back significantly.They made their observations at a summit-level meeting Sunday on 'economic challenges and next steps', chaired by Chief Adviser Dr Muhammad Yunus.After the...

Key economic sectors expand faster

Bangladesh's key economic sectors expanded faster month- on-month in January, as reflected in the Bangladesh Purchasing Managers' Index (PMI) that recorded a reading of 65.7, up 4.0 points from December's.The PMI provides a snapshot of economic activity, with a reading above 50 indicating expansion, below 50 signalling contraction, and 50...

Tightfisted monetary management likely again

Tightfisted monetary management may continue for another six months as the central bank is set to unveil its next monetary policy today (Monday) with focus on taming inflation to tolerable levels, officials said.All policy rates are likely to remain unchanged as the central bank aims to monitor inflation trends over...

Hordes of suspects herded up after Gazipur mayhem

Hordes of suspects have been rounded up in a countrywide anticrime crackdown codenamed 'Operation Devil Hunt' launched after the Gazipur mayhem amid spells of unrest in the post-uprising period. Media reports quoted sources at the police headquarters as saying that a total of over a thousand persons had been held...

ACC raid finds no lockers of ex-BB gov, 24 others

The Anti-Corruption Commission (ACC) on Sunday said it had not found safe deposit lockers in the names of 25 former and present Bangladesh Bank (BB) officials, including erstwhile governor Abdur Rouf Talukder, during its raid. ACC Director Kazi Sayemuzzaman said this while informing the media of the operation's outcome.He said,...

25pc duty on export of rice bran oil

The government has imposed 25 per cent regulatory duty (RD) on the export of rice bran oil, reports UNB.A gazette notification was issued in this regard on Sunday.It said as per the power conferred by the Customs Act, 2023 and in consultation with the National Board of Revenue (NBR), 25...

BB brings flexibility to exchange rate management

Bangladesh Bank (BB) has brought flexibility to exchange rate management, reports BSS. "To bring flexibility in exchange rate management, it has been decided that spot exchange rates may vary from transaction to transaction on a business day, subject to movement within the prescribed band of the crawling peg mid-rate, as...