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

Forex reserves expected to reach $30b by June

Bangladesh's foreign-exchange reserves may rise to US$30 billion in a gross account by June, up from the current stock of around $27 billion, in a steady economic rebound, predicts the Bangladesh Bank Governor.While expressing such optimism Wednesday, Dr Ahsan H Mansur noted that getting to this goal would require improvements...

Govt-army discord over aid channel to Rakhine refuted

No contradiction is there between the interim government and the army on the issue of establishing humanitarian channel from Bangladesh to Myanmar's Rakhine state, says the National Security Adviser."This is completely a rumour. We have no difference of opinion with the army on this issue. I have detailed discussions with...

Banks banking big on 14-day repurchase instrument 'dubiously'

Commercial banks make a beeline for borrowing heavily from the central bank's short-term 14-day repo after the pullback of its 28-day liquidity instrument, sources say, largely to invest in sovereign securities.The commercial lenders needing short-term liquidity are largely bent on 14-day-tenure repurchase instrument of the Bangladesh Bank (BB) and keep...

Businesses call for bettering law and order

Businessmen urged on Wednesday the government to improve law and order in the interest of the country's business and economy. They said that without stable and predictable law-and-order situation business and investment would not expand.They said that in recent times, businessmen lost confidence in the case of trade and investment...

Petrobangla looks to go without subsidy

The state-run Petrobangla is upbeat about withdrawal of value-added tax (VAT) on the import of expensive liquefied natural gas (LNG) as it would help reduce overall LNG cost and free this state-entity from any subsidy from the government, said sources.Top officials of the Energy and Mineral Resources Division (EMRD) under...

103,900 hectares of forestland restored under SUFAL project

A total of 103,960 hectares of forestland have been restored, with notable improvements in the diversity of indigenous plant species across hill tracts, Sal forests, and coastal zones.Adviser for the environment ministry Syeda Rizwana Hasan shared the development on Wednesday, calling it a landmark achievement of the Sustainable Forests and...