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

Current-account deficit shrinks amid signs of economic pickup

Current balance-of-payments (BoP) data show signs of Bangladesh's economy picking up with export receipts rising, imports returning to positive growth and a strong rebound in remittances.This has led to a narrower current-account deficit, while both the financial and capital accounts have gained posted surpluses.The latest BoP data, covering the first...

Stunning comeback: Trump elected 47th US president

Donald Trump was elected president, capping a remarkable comeback four years after he was voted out of the White House and ushering in a new American leadership likely to test democratic institutions at home and relations abroad, reports Reuters.Trump, 78, recaptured the White House on Wednesday by securing more than...

New regulatory rules to augment liquidity feeding

Liquidity support to some crisis-stricken banks may be ramped up through a new mechanism, the central bank says and assures depositors of their money's security. The cash-hungry commercial lenders have already availed nearly Tk 56 billion from well-off banks under regulatory guarantees.Spokesperson for the Bangladesh Bank (BB) Husne Ara Shikha...

Dr. Yunus greets Donald Trump

Chief Adviser Dr Muhammad Yunus on Wednesday congratulated US President-elect Donald Trump on his victory."I look forward to working together to further strengthen our partnership and foster sustainable development," Dr Yunus said in a letter to Mr Trump."I am delighted to convey, on behalf of the Government and the people...

New ordinance to grant commission for recovering laundered money

Bangladeshi embassies in some richer countries are reportedly getting huge requests from expatriates for authorisation of power of attorney for selling their assets in homeland to take money abroad, prompting prevention plans. After selling the assets they are taking money abroad through 'hundi' or other illegal channels as capital account...

Tenders invited for importing LNG cargoes from spot mkt

State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) invited two fresh tenders and reissued a previous tender to procure three spot LNG cargoes.The new tenders aim to make purchases for the December 14-15 and December 20-21 delivery windows while the reissued tender is scheduled for the December 7-8 delivery window.The RPGCL...