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

Bangladesh emerging as Chinese firms' investment destination

Bangladesh seems rapidly emerging as an investment hub for Chinese manufacturers seeking to diversify production bases to tide over high tariffs imposed by the United States on Chinese goods.Such change of fortune is in sight as a number of companies from China have recently signed agreements with the Bangladesh Export...

BD, Pak agree to move forward reactivating frozen ties

Bangladesh and Pakistan agree to move forward strengthening previously strained bilateral relations as the two countries Sunday signed six instruments of cooperation following talks in Dhaka. At the same time, the two sides have also agreed to continue discussions on unresolved issues-dating back Bangladesh's liberation from Pakistani rule in 1971.Foreign...

Wartime issues settled twice earlier, says Pak FM

Pakistan's Deputy Prime Minister and Foreign Minister Ishaq Dar said the unresolved issues between Bangladesh and Pakistan surrounding the 1971 war were already settled twice.Speaking to journalists Sunday at a hotel in Dhaka after a bilateral meeting with Bangladesh interim government's Foreign Affairs Adviser, Md. Touhid Hossain, he made the...

Extend LDC-graduation timeline by 5-6 yrs

Leading business chambers and trade associations urged the government to seek a five- to six-year extension of the timeline for Bangladesh's LDC graduation, emphasising that additional time is crucial to cushioning the economy against the shocks to follow the withdrawal of preferential trade benefits and concessional financing.At a joint press...

Five reform projects not taken up for execution in 2 months

The Planning Division will sit with the relevant state agencies today (Monday) to brainstorm as to why implementation of five projects aiming to reform key government agencies could not be begun even nearly two months after getting approval. The projects were taken up under the World Bank's Strengthening Institutions for...

HC upholds freezing of 191 bank accounts of Summit boss, family members

The High Court upheld an order freezing 191 bank accounts held by Summit Group Chairman Aziz Khan, his family members, and associates on Sunday, rejecting a writ petition they had filed.The High Court upheld the lower court's order freezing bank accounts in connection with corruption allegations brought against them.The High...

BB raises paid-up capital limit for digital bank

Bangladesh Bank increased the paid-up capital requirement to establish a digital bank in the country on Sunday. According to the latest order by the central bank, at least Tk 3.0 billion in paid-up capital, which is 140 per cent higher than previous guidelines, will be required to establish a digital...