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

Problem banks receive cash support from robust peers

Anxiety of liquidity-strapped banks has started easing as five cash-surplus banks finally made available funds amounting to Tk 9.45 billion to four struggling peers under the central bank's guarantee programme.Under the bailout arrangement, according to officials and bankers, more liquidity support by lender banks are in the pipeline to revitalise...

Fall in food prices drives Sept inflation down

A significant fall in food inflation has facilitated a drop in the overall consumer price index (CPI) in September last, official data showed on Wednesday.The rate of point-to-point inflation at the national level in the last month decreased by 0.57 percentage points to 9.92 per cent from 10.49 per cent...

Country set to produce drones for civilian usage, export

It augurs as a major breakthrough in export diversification as a Bangladeshi company is going to produce unmanned aerial vehicle, popularly known as drone.The company, Sky Bees Ltd, is set to sign an agreement in this regard today (Thursday) under which it will set up a hi-tech industry for producing...

Nazrul siphoned off $3.0m to USA through trade invoicing: CID

The NASSA Group Chairman Nazrul Islam Majumder has been found involved in laundering 3.0 million US dollar to the USA through "trade based money laundering", according to the Criminal Investigation Department (CID).The CID's preliminary inquiry has revealed that Majumder siphoned off the said amount to the USA through exporting goods...

Taskforce on recovery of laundered assets recast

The government has reconstituted the interagency taskforce -- for the fifth time since its first formation in 2010 -- assigned to help recover Bangladesh's stolen assets.The Ministry of Finance (MoF) issued a circular on the reconstitution of the taskforce on 29 September 2024, now that there has been a regime...

Govt begins dialogues with political parties on Saturday

The council of advisers of the interim government will start holding dialogues with the major political parties on Saturday regarding the works of the six commissions, formed to reform the state apparatus, and the country's law and order situation, reports BSS."The council of advisers will update the political parties of...

Industrial unrest spreads like wildfires up to Gazipur

Owners announced forced holiday in 42 garment factories on Wednesday as industrial unrest spread like wildfires up to Gazipur amid massive worker demonstrations. Witnesses said as labour unrest spread to the industrial zone of Gazipur, 42 factories, mostly of garments, located in Chowrasta-Baipass road announced holiday on the day as...

BFIU seeks a/c info of Shakib, spouse

The Bangladesh Financial Intelligence Unit (BFIU) has instructed banks concerned to submit account details of cricketer Shakib Al Hasan and his wife Umme Roman Ahmed.The directive was issued through letters sent to banks and non-bank financial institutions, requesting full information on the couple's accounts, including savings, current, fixed deposit receipt...

Share sales by seven top business groups suspended

The Central Intelligence Cell (CIC) of the National Board of Revenue has requested the Registrar of Joint Stock Companies and Firms (RJSC) to immediately suspend all transactions, sales, and purchases of shares involving seven major business groups.The companies are Basundhara Group, Orion Group, Summit Group, Beximco Group, S Alam Group,...