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

HC upholds death to 20, life term to five

The High Court on Sunday upheld the death sentence of 20 convicts and life imprisonment of five others in a case filed over the murder of BUET student Abrar Fahad.Earlier, a lower court handed down the same verdict in the case.The HC bench of Justice AKM Asaduzzaman and Justice Syed...

Revenue shortfall may soar to Tk 1.05t in FY25

Government revenue shortfall could soar to Tk 1.05 trillion at the end of this fiscal year even after factoring in the potential sources to boost collection, says the CPD about state of the outgoing fiscal while drawing next national budget's outlook.The Centre for Policy Dialogue (CPD) mentioned Sunday that the...

Bangladesh Bank smells big-bet investment fraud, launches action

All bank accounts of OGS Bangladesh have been seized by the central bank for allegedly running a Ponzi scheme that fools investors with lucrative profits, in a resurgence of MLM frauds. A Ponzi scheme is an investment fraud that pays existing investors with funds collected from new investors. Scheme organizers...

Buffer stock and expanded OMS suggested for taming inflation

As the measures taken through monetary policy are failing to tame indomitable inflation in Bangladesh, eminent economists suggest the government enhance food stock and raise open-market sale of foodstuffs to mitigate inflationary pressure on the commoners.They came up with the suggestion at a pre-budget meeting Sunday with Finance Adviser Dr...

NBFI deposits up 0.37pc in Oct-Dec

Non-bank financial institutions (NBFIs) see a ray of hope for the industry's much-needed rebound with increased deposits in the second quarter (Q2) of this financial year.Not only did the deposits increase but the loans and advances distributed by them also saw a 2.61-percent increase in the October-December period of FY25...

'Dhaka Central Univ' to be set up for seven colleges

The name of the new university for seven government colleges in Dhaka has been finalised as 'Dhaka Central University (DCU)'.The decision was made at a meeting of the University Grants Commission (UGC) on Sunday where student representatives of seven colleges, UGC Chairman SMA Faiz and other officials were present.After the...

Chickens are sold wholesale to retailers on the streets of Kaptan Bazar

Chickens are sold wholesale to retailers on the streets of Kaptan Bazar area at midnight. Wholesalers, locally known as 'bapari', arrive here from different parts of the country to make a sale. — FE Photo by Shafiqul Alam