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

Much-cherished oil refinery building thru fresh bidding

A much-cherished crude-oil refinery will now be built through fresh competitive biddings as the interim government Thursday cancelled controversial S Alam Group's deal and made the latest decision.The long-delayed refinery project, 'installation of ERL unit -2', will be implemented under public procurement rules (PPR) -2008, the energy and mineral resources...

Capital flight cut, import curbs help halve BoP deficit

A letup in external trade imbalances appeared at the last fiscal end with the balance of payments (BoP) deficit getting halved to US$4.3 billion from the level a year before. Capital-flight cut and import curbs largely helped the reduction in BoP deficit, economists say, with its healing impact on other...

Roots and extent of corruption, policy failings to be unveiled

Roots and extent of corruption and policy failings in entire economic spectrum, including wrongs in finance and development megaprojects, will be unveiled in the 'white paper' on the anvil to show way forward. However, the wrongdoers won't be unmasked in person, the authors of the white paper said on Thursday...

Convention on enforced disappearance gets advisory council nod

In a major move, the advisory council of the interim government on Thursday decided to scrap the provisions for the Security of Family Members Act, 2009.A meeting of the advisory council held at the State Guest House Jamuna, presided over by Chief Adviser Dr Muhammad Yunus, also decided to revoke...

IMF assures raising budgetary support

The International Monetary Fund (IMF) on Thursday assured Bangladesh of providing increased budgetary supports to help revive its economy from the political shock, officials have said.At a virtually held meeting, IMF Mission Chief for Bangladesh, Chris Papageorgiou, gave the assurance, to Finance and Commerce Adviser Dr Salehuddin Ahmed as the...

Board of EXIM Bank reconstituted

Bangladesh Bank (BB) has reconstituted the board of directors of EXIM Bank, removing its long-standing chairman, Mr. Nazrul Islam Mazumder. The decision, taken on Thursday by the central bank of Bangladesh, aims to protect the interests of depositors and ensure better governance within the bank.The central bank has appointed three...

Banks won't buy dollar at prices over Tk 120

Treasury heads of the country's commercial banks on Thursday decided not to buy dollar from the exchange houses at exchange rate over Tk 120 to contain inflation with bringing stability in the forex market.To ensure proper implementation of the decision, a monitoring committee will be formed later to monitor any...

Prayer Timings (2024-08-30)

Transplanted Aman seedlings

Transplanted Aman seedlings have sustained injuries due to the recent flash flood, compounded by days of driving rain, in the country's south-eastern region. The snap was shot from Gumai beel, known as a granary of Chattogram, on Thursday. — Focus Bangla