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

Merchandise export highest, yet misses annual target

Bangladesh bagged a record-high US$55.55-billion earning from merchandise export in the just-past fiscal year, riding on a double-digit growth for readymade garments, in a little relief amid forex crunch.Yet, the export growth of 6.67 per cent missed the annualized target by 4.21 per cent. The FY2022-23 target was $58 billion. ...

June inflation sees slight drop despite rising food prices

Bangladesh experienced a marginal decrease in overall inflation to 9.74 per cent in June, despite a 0.59-percentage-point rise in food prices, according to official statistics released on Monday. This comes after May recorded the highest point-to-point inflation rate of 9.94 per cent. Comparatively, June last year reported a much lower...

LPG price gives little letup

Liquefied petroleum gas (LPG) price is cut by around 7.0 per cent for July marketing of the fuel by private operators, amid downturn in global energy prices from crisis-time peaks. Bangladesh Energy Regulatory Commission (BERC) announced the monthly readjustment of the retail LPG rate with a cut by Tk 75...

Mixed bag for banks in H1 of 2023

Banks in Bangladesh had a mixed bag as some booked better operating profits in the past six months to June while others suffered from volatility on the forex market and ballooning non-performing loans.People familiar with the industry told the FE that some banks lacked dollars to settle letter of credits...

Israel strikes West Bank targets, killing 7 Palestinians

JERUSALEM (AP): Israel used drones to strike targets in a militant stronghold in the occupied West Bank early Monday and deployed hundreds of troops in the area, in an incursion that resembled the wide-scale military operations carried out during the second Palestinian uprising two decades ago. Palestinian health officials said...

Briefing 2023-07-04

Navana Pharma eyes further profit boost by expanding capacityNavana Pharmaceuticals plans to utilise IPO proceeds to expand existing facilities instead of constructing new ones due to time constraints and currency challenges. With a surge in demand for its drugs, the company aims to meet market needs quickly. The revised plan...