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

Hefty interest payments to cost Tk 1.22 trillion

Significant rises in domestic and overseas borrowings make the government earmark some Tk 1.22 trillion for hefty interest payments in the upcoming budget, and officials see no letup in liability increases in the near future.Experts see high debt stock, interest-rate rise and depreciation of the local currency behind the rise...

Biman makes safe landing losing wheel mid-air

A Biman Bangladesh Airlines flight on Friday landed safely at the Hazrat Shahjalal International Airport (HSIA) in Dhaka despite losing a wheel from its main landing gear shortly after takeoff from Cox's Bazar. The incident took place moments after flight BG 436 took off for Dhaka from the Cox's Bazar...

Costly SLF last resort for stressed banks as call-money market dries

Well-off banks still shy away from putting stakes on the call-money market out of trust deficit on their peers and increasingly pitch their funds into secure sovereign securities, leaving the interbank credit operations rather depressed. Giving a damn to various regulatory fillips to make the call-money market vibrant, the banks...

Embattled Nagad now under postal department's care

Embattled digital-finance upstart Nagad is now under Bangladesh Postal Department's care with a guardian body keeping oversight on its operations. The postal department has officially assumed responsibility of the country's one of leading mobile financial-service providers, following a stay order from the Supreme Court's Appellate Division that halted the central...

JnU students call off strike on govt’s assurance

The government on Friday evening gave assurance to meet the demand of agitating students and faculties of Jagannath University (JnU) after they had demonstrated for more than 50 hours.University Grants Commission (UGC) Chairman Professor SMA Faiz confirmed this to newsmen. He said the government was sympathetic to the students' just...

US buyers may turn to countries with lower tariff exposure, fears BFTI

US buyers may attempt to shift the tax burden onto Bangladeshi exporters or divert their orders to countries with lower tariff exposure, potentially undermining Bangladesh's position as the world's second-largest apparel exporter.The Bangladesh Foreign Trade Institute (BFTI) feared it in a report that was submitted to the Ministry of Commerce...