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

Dilemmas foreshadow budget making for funding holdback

Finance officials seem in dilemmas crafting the upcoming fiscal budget with uncertainty overshadowing budget-support credits worth some billion dollars from foreign development financiers, as IMF lending stays in holdback.Officials say initially they had planned to enhance net foreign borrowings for financing the 2025-26 budget compared to the current budget. Some...

Policy rate to remain unchanged at 10pc

The cost of bank credit is not being relaxed now as the monetary policy committee (MPC) members have decided not to make any change in the policy rate until the inflation-combating target is achieved.The decision came in the eighth MPC meeting chaired by Bangladesh Bank (BB) Governor Dr Ahsan H...

Country swelters in unremitting heat wave

A relentless heat wave is sweeping over many parts of Bangladesh, with temperature soaring well above seasonal averages, disrupting public life and posing serious health risks across the country.According to the Bangladesh Meteorological Department (BMD), the ongoing heat wave, categorised as "severe" in parts of the country, has pushed temperature...

Govt says decision soon as demos spark for AL ban

A decision will be made "soon", the interim government said Friday as demonstrators led by the pro-uprising party kept entrenched on mass sit-ins to press for immediate ban on "fascist" Awami League. Firsthand accounts said different political parties and groups, led by the newcomer National Citizen Party (NCP), blocked Dhaka's...

Get repayment plans justified by int’l auditors for settling default loans

Settling classified loans gets tougher as government's loan-recovery support committee asks defaulters to justify their annual revenue earnings and loan-repayment capabilities by engaging reputed international auditors, insiders said. The corporates and businesses at repayment fault have also been asked to incorporate their lenders-commercial banks and nonbank financial institutions (NBFIs)-into the...

India, Pakistan accuse each other of attacks, tourists flee

India and Pakistan accused each other of launching drone and artillery attacks overnight into Friday morning, as tourists and villagers fled the third day of the worst fighting between the nuclear-armed neighbours in nearly three decades, reports agencies.Sirens rang out in cities in the conflict's Kashmir flashpoint and beyond and...