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

Post-LDC foreign debt servicing a concern

Ballooning external debt-servicing liabilities claim a king's ransom from the budget for the outgoing fiscal year. Such a concern is reflected in the official budget documents as the interim government presents next fiscal's budget for Bangladesh.The government is projected to repay nearly 30-percent higher or US$2.615 billion in servicing external...

Iran strikes Israel in retaliation, three dead

In a major escalation, Iran launched missile strikes on Israel early Saturday, killing at least three people and injuring dozens, report agencies.The attack came in retaliation for recent Israeli airstrikes that targeted critical components of Iran's nuclear program and military infrastructure, resulting in the deaths of top scientists and generals.Iran's...

Putin urges Israel to use diplomacy, not bombs, with Iran

MOSCOW, June 14 (Reuters): Russian leader Vladimir Putin told Iran's president over the phone on Friday that Moscow condemned Israeli actions against Tehran, and in a separate telephone conversation told Israel's prime minister that only diplomacy could resolve issues around Iran's nuclear programme.A Kremlin statement said Putin had spoken to...

Rising Group MD Mahmud Hasan elected BGMEA president

Mahmud Hasan Khan Babu, managing director of Rising Group, has been elected president of Bangladesh Garment Manufacturers and Exporters Association (BGMEA) for the term 2025-27.The BGMEA election board on Saturday announced that the president and seven vice-presidents were elected unopposed, as there were no other contestants.Salim Rahman has been elected...

Eight projects in ADP for July uprising victims

Several ministries and divisions have proposed a total of eight projects, with a combined estimated cost of over Tk 38.13 billion, for honouring and rehabilitating the participants and victims of the July 2024 student-led anti-discrimination uprising.The initiatives have been taken to address social protection, economic empowerment, housing, and commemorative needs...

WB to provide $250m loan to modernise five public sector functions

The World Bank (WB) would provide US$250 million funds to facilitate improving transparency, accountability, and efficiency of some key government agencies in Bangladesh. The WB board on Saturday approved the loan to support the ongoing reform initiatives of the interim government, aimed at modernising crucial public sector functions.These are essential...

Govt to endorse new nat'l strategy

The interim government is set to adopt a new national strategy for prevention of money laundering and illicit financial outflow from the country with incorporation of a few stringent provisions into it, officials said.The government has already decided on preparing "National Strategy for Preventing Money Laundering and Combating Financing of...

Tk 18m snatched from Nagad distributor's men

A daylight robbery happened on Saturday when a group of muggers impersonated members of Rapid Action Battalion (RAB) and looted Tk 18 million (Tk 1.8 crore) from employees of a distributor of the mobile financial service Nagad in the capital's Uttara area.According to police and witness accounts, Abdul Khalek Noyon,...