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

Banks' foreign-currency lending to businesses falters

Offshore-banking operations face setbacks following regulatory instructions downsizing the cost-ceiling rate on foreign-currency lending to businesses that dents profitability of commercial banks and may ultimately affect the economy.As the spread on foreign-currency loans squeezes under the current macroeconomic sluggishness, some of the banks decide to lessen their concentration on offshore-banking...

Revenue target ambitious, tough to achieve

Bangladesh's first budget by the newly elected government sets "ambitious" revenue targets that may prove difficult to achieve given the country's weak track record in tax mobilisation and reform implementation.Such is the just-presented budget's ratings coming from the New York-based outfit Fitch Ratings.Finance and Planning Minister Amir Khosru Mahmud Chowdhury...

Iran says talks on final US deal to begin this week

TEHRAN, June 16 (AFP): Iran on Tuesday said talks with the United States on its nuclear programme and sanctions relief would likely begin later this week, as President Donald Trump's announcement that the Strait of Hormuz would reopen sent oil prices tumbling.Officials say negotiations over a final deal will take...

Distressed loans surge 45pc to Tk 10.04t

Distressed loans across all scheduled banks in Bangladesh surged by over 47 per cent to Tk 10.08 trillion, as of end-2025 account, far outstripping overshooting the country's proposed new budget. Economists and bankers say the lending miasma reflects the fragile condition of the country's financial sector as well as mounting...

RMG exports to EU fall 19.4pc YoY in Jan-Apr 2026

Readymade garment exports to the European Union (EU) faced the steepest decline among its major competitors during the first four months of 2026, amid weak demand and intensifying competition that are reshaping sourcing patterns across the 27-nation bloc.Bangladesh exported apparel worth 6.09 billion euro to the EU during the January-April...

ECNEC approves Tk 41.89b Chinese SEZ project ahead of PM's Beijing visit

The government has approved a Tk 41.89-billion project to develop supporting infrastructure for the proposed Chinese Special Economic Zone (SEZ) in Chattogram, days ahead of Prime Minister Tarique Rahman's scheduled visit to Beijing later this month.The approval came at a meeting of the Executive Committee of the National Economic Council...