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

Regulatory policy skewed towards govt banks on exchange rate

Regulatory policy on remittance netting is allegedly skewed towards public banks on exchange rate as private bankers are bound within the fixed upper ceiling while the government lenders offering higher rates. Bangladesh Bank (BB) is now favouring the state-owned commercial banks for collection of more remittances even bypassing the upper...

China-aided seaport dev project gets all-clear

A major project gets finally gets the go-ahead to expand and modernise Mongla seaport with enhanced container-handling capacity under a plan to upgrade it to a regional shipping hub.The Mongla Port Authority, under the Ministry of Shipping, will implement the project by December 2028 at a total cost of over...

MoF clueless about stubborn inflation

Persisting high prices of goods and services despite government interventions have prompted the finance authorities to begin brainstorming to fix the defiant hikers, with focus on demand-pull and cost-push factors.Through the study they want to examine the impact of output gap and the relative contributions of demand-pull and cost-push factors...

Is the monetary policy failing?

The current monetary policy was set in motion at a time when the economy was in a dire state. The inflation rate was trending upwards alarmingly and the national output was sluggish. Amidst rampant corruption and large-scale looting of the economy by the gangs of Hasina the income of the...

Jan remittance down 17pc

Remittances sent by expatriate Bangladeshis in January of the current fiscal year dropped by more than 17 per cent to $2.19 billion compared to December 2024. However, year-on-year, the figure increased by 3.4 per cent, according to data released by the Bangladesh Bank on Sunday.Despite the monthly decline, remittance inflows...

First phase of Biswa Ijtema concludes

GAZIPUR, Feb 2 (UNB): The three-day first phase of the 58th version of the Biswa Ijtema has ended through Akheri Munajat (final prayer) on the banks of the Turag River in Gazipur, with the participation of tens of thousands of devotees.Bangladeshi's Tabligh Jamaat leader Maulana Jubair conducted the final prayer...