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

Proposals for full BB autonomy, law to resolve problem banks' issues underway

Bangladesh Bank will submit a package proposal for transforming the central bank into a fully autonomous body within four months to the head of interim government, as part of full-course reforms in the banking sector Bangladesh Bank Governor Dr Ahsan H. Mansur unveiled the plans, including a new law in...

Youths want to build a new civilisation, says CA

This year's Amar Ekushey has come with a new significance in the changed circumstances of Bangladesh, Chief Adviser Muhammad Yunus has said, bdnews24.com.Extending his congratulations to the recipients at the Ekushey Padak 2025 award ceremony at Dhaka's Osmani Memorial Auditorium on Thursday morning, he said: "The nation is especially grateful...

Deposits with banks rising in a rebound

Deposits with Bangladesh's 61 banks increased during July-December in a rebound from a crunch amid initial panic-driven withdrawals triggered by the student-mass uprising and subsequent uncertainty.According to the latest report from Bangladesh Bank, the aggregate deposits with the banks rose by Tk 345.17 billion to over Tk 17.77 trillion by...

WB to provide $200m to strengthen SSNPs

The World Bank (WB) is set to provide US$200 million worth of assistance to ensure accountability and transparency in Bangladesh's social safety-net programmes (SSNPs), officials said, after completing the negotiations on Thursday.The Department of Social Services (DSS) will spend US$75 million to uplift its capacity in SSNP disbursement while the...

Nation pays homage to language martyrs

The nation observes today the 'Amar Ekushey' commemorating the supreme sacrifice of the language heroes for upholding the dignity of mother-tongue Bangla — this time amid a new spirit.The Language Martyr's Day is observed around the world as the UNESCO recognised the Ekushey February as the International Mother Language Day...

1,137 get back jobs

As many as 1,137 qualified candidates of 27th BCS exams have got back their jobs as the Appellate Division on Thursday restored a High Court verdict that declared illegal the cancellation of the results of their first viva voce.The apex court also ordered the government to appoint them in the...

Now no VAT on purchases at supershops

Customers will no longer have to pay Value-Added Tax (VAT) for purchases at superstores.The retail price of the products will be the final price to pay, reports UNB quoting a release of National Board of Revenue (NBR).The NBR's VAT department issued a notification in this regard on Thursday.The NBR authorities...

Holiday Notice (2025-02-21)

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Apparel exports to India up 18.7pc during July-January

Apparel exports to one of Bangladesh's promising non-traditional markets, India, recorded a significant double-digit growth during the first seven months of this fiscal after a fall in the last financial year.Exporters believe an improvement in the global-market situation following a rise in demand has pushed up shipments of readymade garments...

DIVING INTO THE WORLD OF WORDS: An aerial view of the ongoing Ekushey Book Fair at Suhrawardy

DIVING INTO THE WORLD OF WORDS: An aerial view of the ongoing Ekushey Book Fair at Suhrawardy Udyan in Dhaka. The photo shows visitors crowding the book stalls on Friday, the Language Martyrs' Day. — FE Photo

ADB, WB sign Full Mutual Reliance Framework

The Asian Development Bank (ADB) and the World Bank (WB) have signed a new Full Mutual Reliance Framework (FMRF) to deepen their collaboration on cofinancing public-sector projects. The FMRF, the first ever arrangement between the multilateral development banks (MDBs), aims to streamline project processing and implementation and deliver faster and...

Reverse flow of funds into banks creates excess liquidity

Currency buildups outside banks are flowing back into bank vaults amid a lax investment regime and also trust rebuilding in the banking system, improving liquidity crunch, officials and bankers say.Rise in deposit rates and persisting lawlessness across the country also seen as two other accelerators. As such, they say, the...