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

Costly borrowing instrument destabilises interest regime

Commercial banks are increasingly banking on costly borrowing instrument called SLF or standing liquidity facility created by the central bank at the expense of volatility in the existing interest regime, experts forewarn. As the banks having liquidity stress are not getting positive response from the affluent banks on the interbank...

Oct exports post 20.65pc growth

Export earnings registered a whopping 20.65-percent growth in October 2024, riding on the readymade garments sector despite labour unrest. Bangladesh fetched US$ 4.13 billion in October this year compared to $3.42 billion in corresponding month of last year, according to Export Promotion Bureau (EPB) data released on Sunday.The RMG sector...

Planned 100-EZ concept on economic expansion ditched

A scheme taken up whimsically by the past regime on developing 100 economic zones across Bangladesh looks derelict now as the post-uprising interim government decides to proceed with select few key EZs.This shift in strategy, supported by the new leadership of two investment-promotion agencies, focuses on developing a set of...

Bangladesh seeks delay in LDC graduation

Bangladesh mulls taking reasonable time for its scheduled graduation to a developing nation from the status of least developed countries (LDCs) in 2026."Bangladesh will not go for graduation hurriedly. Instead, it would take some more time," said Finance and Commerce Adviser Dr. Salehuddin Ahmed, as he was responding to a...

Council of Advisers gets three new faces

The Council of Advisers of the interim government has been expanded with three new members, reports UNB.They took the oath of office on Sunday evening.President Mohammed Shahabuddin administered the oath at the Darbar Hall of Bangabhaban in the presence of Chief Adviser Prof Muhammad Yunus and senior government officials and...

AL call for comeback goes unheeded

Deposed ruler Sheik Hasina's Awami League call for a comeback in Bangladesh's changed political arena went unheeded as student-people protesters called the shot and took over Dhaka's Gulistan square from early Sunday. Witnesses said no activists of the embroiled party, whose chief is in safe shelter in neighbouring India, did...

Edible oil price rises even after VAT cuts

Prices of edible oils, including loose soybean and palm oil, have zoomed up further by Tk 5.0-6.0 a litre in the market, battering commoners amid spiralling prices of other commodities.The rate of loose soybean has increased to Tk 165-166 a litre and super palm oil to Tk 158-162 a litre.The...