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

Worry about export slump as 258 industrial units stay shut

Industrial unrest stokes worry about export timing and resultant order diversion as around 250 factories in Savar-Ashulia and Gazipur belts stay shut in fear of vandalism as a section of workers continued demonstrations undeterred.However, the post-uprising interim government Thursday expressed their optimism that the situation in the export industrial belts...

15-20pc RMG orders lost

The council of advisers on Thursday asked the finance ministry to take necessary steps to recover the funds different ministries deposited with various banks. The finance ministry has been asked to request the Bangladesh Bank to sit with the banks to recover the deposits, adviser Syeda Rizwana Hasan told a...

Businesses urge image-rebuilding action as disinformation dents buyer confidence

Business leaders Thursday urged the interim government to undertake package reforms in economic field, including action to curb "disinformation" that dents confidence of foreign buyers in Bangladesh's major export destinations.Their call came at 'National Business Dialogue' where Chief Adviser of the post-uprising government Prof Muhammad Yunus assured that this government...

Arrest warrant issued against A. Hye Bachchu

A court in Dhaka has issued arrest warrant against former BASIC Bank chairman Sheikh Abdul Hye Bacchu and four of his family members in connection with a money laundering case filed by the Anti-Corruption Commission (ACC). Judge of the Metropolitan Senior Special Judge's Court in Dhaka, Mohammed Ash-Shams Joglul Hossain,...

Credit ebb, remittance surge signal G-Sec yield contraction

Dampened credit demand, particularly from private business, and higher remittance inflows signal an oncoming downturn in the yields on government securities (G-Sec), bankers predict.The yields on G-Sec, like Bangladesh Government Treasury Bonds (BGTBs) and Treasury Bills (T-bills), have already seen slight fall in most recent auctions -- held on September...

Pvt sector credit growth surprisingly rises in July

Formal credit to the private enterprises increased significantly in July, which money market analysts termed 'very surprising' as overall economic activities were almost halted in that month because of mass uprising that led to the fall of Sheikh Hasina government on August 5, 2024.Seeing the credit rise in the troubled...

Tenders floated to purchase LNG

Bangladesh has floated tenders, after a hiatus of around four months, to purchase liquefied natural gas (LNG) from a spot market after coming online of the Summit's LNG terminal, a senior Petrobangla official told the FE on Thursday.The state-run Rupantarita Prakritik Gas Company Ltd (RPGCL) would purchase two spot LNG...

Briefing 2024-09-13

Reshuffles, inquiries leave BSEC in disarrayAn eerie sense of unease hangs at the Bangladesh Securities and Exchange Commission (BSEC), with its staffers divided into groups fighting with each other and seeking protection from the wrath of the changing political landscape. Page 9CA accords reception to national cricket teamChief Adviser (CA)...