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

Salman under probe and S Alam cohorts sued over total Tk 29.99b loan scams

Former PM adviser Salman F Rahman comes under probe while S Alam Group cohorts are sued for pecuniary offences involving an aggregate amount of Tk 29.99-billion bank money. Also, the Anti-Corruption Commission (ACC) has decided to probe allegations of irregularities in the purchase of 137 buses involving former Road Transport...

$500m WB budget support likely next week

Bangladesh's foreign-exchange reserves are going to get a big boost as the World Bank (WB) is likely to confirm $500 million of budget support next week, officials said on Thursday."The government is likely to sign a loan deal with the global lender on December 22 in this regard, while the...

Abortive daylight bank robbery ends with gunmen's surrender

A filmy-style daylight abortive bank robbery near the capital Thursday ended with the surrender of the three gunmen who held the bankers hostage for ransom. Police and witnesses said a three-hour drama and suspense were over as the young bandits finally surrendered to security forces having failed in their attempt...

Focus on attitudes, ethics in skilling young workforce, says Prof Yunus at D8 Summit

Focus on attitudes, ethics in skilling young workforce, says Prof Yunus at D8 SummitCAIRO, Dec 19: Chief Adviser Prof Muhammad Yunus on Thursday said they needed to think deeper as to how to skill millions of young adults in a workplace where right attitudes - values - ethics matter as...

Low growth, high inflation add to pressures on economy: Fund alerts

High inflation hitting people's living remains a serious concern to the International Monetary Fund as the financier offers another loan tranche of $645 million to Bangladesh that is expected to be available in February. An IMF mission concludes that low economic growth and high inflation, in particular, add up to...

BB hits NIR target before deadline

The Bangladesh Bank (BB) has finally reached the net international reserve (NIR) target, a condition set by the International Monetary Fund (IMF) as part of its $4.7 billion loan package for stabilising the country's macroeconomic situation.The central bank achieved the target nearly two weeks ahead of the deadline, thanks to...

Hasina ordered internet closure, says Palak

Internet services across the country were shut down during the quota reform movement as per the order of Sheikh Hasina, said former State Minister for ICT Zunaid Ahmed Palak, report agencies.Palak revealed this information during an interrogation at the safe house of the International Crimes Tribunal (ICT) investigation agency on...

Correction (2024-12-20)

A factual mistake took place in the infograph that accompanied the lead story titled 'IMF paints gloomy BD economic picture, advises urgent cures' carried on page 1 in Thursday's issue of The Financial Express. In the infograph, the correct highlight will read: 'Govt seeks an additional amount of $750m beyond...