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

Funds set to be costlier as BB plans aggressive policy rate hike

Funds are becoming costlier as the central bank plans to double down on policy rate by hike twice in quick succession, principally as inflation stays stubbornly high and prices exorbitant.As part of the contractionary monetary stance to contain inflation, the Bangladesh Bank (BB) will raise policy or repo rate this...

Biden, Yunus meet today

NEW YORK, Sept 23: Chief Adviser Prof Muhammad Yunus is scheduled to hold a meeting with US President Joseph R. Biden on Tuesday here on the sidelines of the United Nations General Assembly (UNGA) which reflects growing relations between the two countries.This is going to be a one-on-one meeting, a...

If business magnates play fair or cook the books

If business magnets in Bangladesh play fair or cook the books crops up as a moot question as their tax files do not reflect the cache of wealth they posses at home and abroad.A recent finding by the tax sleuths reveals stunning facts on paid taxes, assets and income shown...

China opens market to Bangladeshi products from Dec

Bangladeshi exports will enjoy zero-tariff treatment under cent-percent tariff lines in China from December 01, which is likely to contribute to narrowing a yawning trade gap against Dhaka.Bangladesh will enjoy this zero-tariff treatment for 100-percent tariff lines as an LDC or least-developed country, a spokesperson for the Chinese Embassy in...

IMF staff team begins weeklong BD mission today

A recheck of Bangladesh's macroeconomic situation and possible reforms, besides additional funding needs, dominate its tasks as a team of the International Monetary Fund (IMF) embarks on a weeklong mission here today. The four-member delegation of the multilateral development financier, led by its Mission Chief for Bangladesh Chris Papageorgiou, will...

Promised support eludes liquidity-hungry banks

Liquidity-starved five commercial banks have yet to get any positive response in feeding promised funds from interbank sources even after securing guarantee from the central bank, officials and bankers said.The cash-hungry five - National Bank, First Security Islami Bank, Global Islami Bank, Social Islami Bank and Union Bank - recently...

274 dead in Israeli strikes on Hezbollah strongholds in Lebanon

BEIRUT, Lebanon, Sept 23 (AFP): Israeli air strikes killed 274 people, including 21 children, in Lebanon on Monday, the Lebanese health minister said, in by far the deadliest cross-border escalation since war erupted in Gaza on October 7.War began when Palestinian militant group Hamas carried out the worst-ever attack on...

Work is going on to renovate Paltan police station

Work is going on to renovate Paltan police station as it underwent massive damage and devastation after the downfall of the Awami League government on August 05. — FE Photo