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

Regulatory maze chokes growth of agro-processing industry

Bangladesh's agro-processing industry, one of the country's most promising growth sectors, is enmeshed in a web of regulatory tangles, costly testing requirements and weak coordination among government agencies, industry leaders say."Producers are forced to deal with multiple regulators to bring agricultural products to market," says Kamruzzaman Kamal, Director (Marketing) of...

ADB may lend $250m for bankrolling budget deficit

Bangladesh expects US$250 million soon from the Asian Development Bank in credit for bankrolling budget-financing shortfall, officials say, as an ADB mission is now in Dhaka reviewing country position on financial front. "The budgetary support might be confirmed within a few months as the ADB mission is assessing our current...

LC margin rules relaxed to ensure Ramadan supply stability

Bangladesh Bank (BB) has eased the letter of credit (LC) margin requirements to ensure adequate supply and price stability of key essential commodities during the upcoming month of Ramadan.In a circular issued on Tuesday, the central bank instructed commercial banks to keep the cash margin rate at the minimum level...

Leading mobile operators push for revision of terms

The country's three leading mobile operators -- Grameenphone, Robi Axiata and Banglalink -- have jointly urged the telecom regulator to revise the terms of the forthcoming 700 MHz spectrum auction, warning that the current framework could discourage investment and impede efforts to expand mobile coverage in rural and underserved areas.In...

Elections only on July Charter legal framework, or movement

No national elections in the country unless the legal foundation of the July National Charter is given, Bangladesh Jamaat-e-Islami warned Tuesday from a mass rally. From the Dhaka rally, Jamaat Ameer Dr Shafiqur Rahman asserted: "There will be no elections in 2026 for those who do not accept the July...

Government to be held solely liable for any move beyond July Charter: BNP

The Bangladesh Nationalist Party (BNP) has cautioned that any decision taken by the interim government beyond the scope of the July National Charter will be the government's sole liability.Addressing an emergency press briefing on Tuesday, BNP standing committee members said the party and other signatories to the charter would not...