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

Army accorded magistracy in countrywide operation

In shoring up its standing, the post-uprising interim government bestowed magistracy on commissioned officers of Bangladesh Army for bolstering countrywide operation for the next two months.To this effect, the Ministry of Public Administration issued Tuesday a gazette notification with "immediate effect". Following outbreaks of unrest across the country centering massive...

Govt import-LC backpay to be cleared within 5-6 months

Government liabilities in import-LC backpay can be cleared over next 5-6 months, aided by remittance rebound that raised Bangladesh's latest foreign-exchange reserves to US$24.30 billion, and fresh aid commitments.Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur assures and urges the corresponding foreign banks to keep faith in the country's commercial...

WB to ramp up dev funding by $2.0b

World Bank's funding to Bangladesh this fiscal year is going to be ramped up by over US$2 billion to assist the reform agenda of the post-uprising interim government.The commitment of the lending package came from WB Country Director Abdoulaye Seck when he called on Chief Adviser Prof Muhammad Yunus at...

India wants stable ties with BD to continue

Indian External Affairs Minister S Jaishankar on Tuesday said the political churn in Bangladesh is that country's "internal matter" but India is keen to continue what was a stable relationship, reports UNB.In an interview with NDTV, Jaishankar underlined the maxim that neighbouring nations are "dependent on each other".He touched on...

Interim govt must not fail: Tarique

Bangladesh Nationalist Party (BNP) acting chairman Tarique Rahman on Tuesday said the interim government must not fail to deliver the goods while managing state affairs despite some shortcomings."The failure of this government means our collective failure. So, it must tread cautiously so that no failure occurs on its part," he...

Germany to extend 1.0b euro in 10 yrs

Germany will provide Bangladesh with an assistance of 1.0 billion Euro over the next 10 years, including 15 million Euro expected to be released this year, to develop renewable energy generation facilities.Both countries will promote knowledge exchange and cooperation with non-state actors like the private sector, research institutes, academia, and...

$4b-$5b from IsDB expected in three years

The Islamic Development Bank (IsDB) is likely to come up with an overall support of around $4 billion to $5 billion to Bangladesh in various sectors for the next three years under its Member Country Partnership Strategy (MCPS) for the 2024-26, reports BSS.Head of IsDB Regional Hub Muhammad Nassis Sulaiman...

Five more die of dengue ---

Five more deaths were reported from dengue in 24 hours till Tuesday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 113 this year, reports UNB.During the period, 872 more patients were hospitalised with viral fever, according to the Directorate General of Health Services (DGHS).Of them,...

BB forms new management board for Nagad

Bangladesh Bank (BB) has formed a management board to determine the future action plan and strategic management of mobile financial services provider Nagad, reports UNB.The central bank sent a letter in this regard to the Director General of the Department of Posts on Tuesday.KAS Murshid, former Director General of Bangladesh...

Garment worker killed in clash

A female garment worker was killed and some others were injured in a clash between two groups of workers at Zirabo in Ashulia area on the outskirts of the capital on Tuesday.At least three other workers were injured in the clash, according to industrial police.Workers claimed that 15 to 20...