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

Bangladesh for deeper trade ties with US, seeks further tariff cut

Chief Adviser Prof Muhammad Yunus reaffirms Bangladesh's strong commitment to deepening relations with the United States, particularly in trade, investment, energy and development cooperation, as a bilateral trade deal is set to be signed."Thank you very much for the support. We are very happy about what has happened. This is...

Further US tariff cut likely on two conditions

A visiting US trade delegation stressed expediting Bangladesh's labour-law amendment and narrowing the bilateral trade gap to pave the way for further reduction in the tariffs on Bangladeshi exports to the American market.At a discussion Monday in Dhaka, the local apparel leaders mentioned that they would play their part in...

Interoperable instant payment system soon to trigger growth

A cover-all interoperable instant payment system (IIPS) comes soon as experts Monday suggested its immediate introduction to accelerate Bangladesh's transition towards a cashless society and the central-bank governor agreed.They said digital IIPS infrastructure is crucial to ensuring efficiency, inclusiveness and reducing transaction costs, thus accelerating economic growth. The recommendations came...

BB buys $353 million more from 26 banks

The central bank purchased US$353 million more through an auction from 26 banks on the interbank spot market on Monday aiming to keep the exchange rate of the US dollar against the local currency stable.The amount was bought under the Multiple Price Auction method with a cutoff rate of Tk...

Taskforce proposes BBS renaming as StatBD

A government-formed taskforce has recommended renaming the Bangladesh Bureau of Statistics (BBS) as Statistics Bangladesh (StatBD) in a bid to make the national statistical body independent.It has also proposed creating a "chief statistician" post to head the government statistical body, with appointments made from the open market.The BBS strengthening taskforce,...

China to send technical team for Teesta project

China has shown strong interest in Bangladesh's Teesta Masterplan, with a team of Chinese experts set to visit in the coming months for an on-site assessment.Chinese Ambassador to Bangladesh Yao Wen conveyed this message to Foreign Secretary Asad Alam Siam during a discussion in Dhaka on Monday. This development follows...

Decline in BoP deficit heralds new FY

Bangladesh saw its balance of payments (BoP) deficit narrow in the opening month of the fiscal year 2025-26 as two props helped partly offset a sharp deterioration in the country's financial account.Last official statistics show a current-account surplus and robust remittance inflows helped out in the July positive turn. According...