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

BAB fears comeback of bank 'looters', financial-sector fiasco

Bank owners' apex body deplores recent changes to the bank-resolution law which they fear could invite controversial former shareholders to regain control of troubled banks and consequently destabilise Bangladesh's financial sector over again.Representatives of the Bangladesh Association of Banks (BAB) raised the issue Monday during a meeting with Bangladesh Bank...

Audit findings reveal massive misuse of public funds in megaprojects: PM

Prime Minister Tarique Rahman on Monday pointed to alleged inflated costs and corruption in several megaprojects, including Rooppur Nuclear Power Plant, Karnaphuli Tunnel and Padma Bridge, citing audit findings that revealed widespread misuse of public funds.Speaking at a meeting with senior police officials at the Prime Minister's Office at Tejgaon,...

Potential sectors of 'creative economy' being mainstreamed

A government initiative is afoot to integrate various potential sectors of 'creative economy' into the mainstream to create high-value creative employment, increasing export earnings, ensuring cultural enrichment, and establishing social coherence.Officials say the initiative has been taken as part of the election pledges of the Bangladesh Nationalists Party (BNP)-led government...

Govt plans duty-free raw material imports

Finance and Planning Minister Amir Khosru Mahmud Chowdhury on Monday said imported raw materials meant for export-oriented industries would be made duty-free to boost the country’s export competitiveness.“Any raw materials imported for export purposes must be duty-free,” he said while speaking at a discussion on the future of Bangladesh’s economy...

Gradual undoing of excessive industrial protectionism underscored

A gradual shift away from excessive "industrial protectionism" is underscored by experts as they say policy chokehold undercuts export competitiveness, discourages investment and raises consumer costs.Eventually, they opine, Bangladesh's current regulated trade and tariff regime constrains long-term economic growth at large. Speaking at a roundtable organised by the Policy Research...

LNG regasification hits record high

Bangladesh recorded its highest-ever liquefied natural gas (LNG) regasification level on Sunday as the government ramps up imports to meet rising domestic demand despite soaring global prices and ongoing instability in the Middle East.The record supply comes amid disruptions to global LNG shipping routes and growing concerns over cargo movement...

Peace push falters again as Trump rejects Iran's offer

DUBAI, May 11 (Agencies): Iran sent its response to the latest US proposal to end the Iran war via Pakistani mediators on Sunday, but US President Donald Trump quickly rejected it in a social media post as "TOTALLY UNACCEPTABLE!" -- the latest setback to efforts to resolve the standoff in...