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

Advisery council decides to cancel eight national days

The Council of Advisers of the Interim Government has decided to cancel eight national days, according to a post on the verified Facebook page of the Chief Adviser on Wednesday.The cabinet division will soon issue a gazette notification cancelling these days, CA's press wing also confirmed, reports BSS.The days which...

Gross forex reserves cross $25b in steady rebound

A steady rebound on the back of changed milieus helps Bangladesh see its gross foreign-exchange reserves climb over US$25 billion again amid tightfisted import payments and higher remittances, officials said. The forex reserves rose to $25.14 billion on October 15 from $24.97 billion on October 08 as per traditional calculation...

Escalating logistics costs erode trade competitiveness

Rising logistics costs are hiking the cost of doing business in Bangladesh and discouraging investors, stakeholders say and urge mapping out sector-wise predictable expenditures on this score.Both local and foreign investors are finding it difficult to estimate logistics expenses accurately for their investment projections. Business leaders stress effective implementation of...

Call-money mkt moribund as funds switch into SDF

Even a moratorium on injection of high-powered money by the central bank fails to resuscitate the call-money market as the affluent banks' trust deficit prompts switch of their surplus credits into state-secured SDF or standing deposit facility despite lower gains.Because of the latest switch of the surplus funds of the...

Prices of eggs, chilies fall amid increased supply

The prices of eggs and green chilies have declined on Wednesday thanks to increased supplies, traders said.Egg prices reduced by Tk 15-20, with a dozen now retailing at Tk 160-170 in the city.After a two-day closure, egg supplies have started normalising in the Tejgaon and Kaptan Bazar wholesale markets.However, the...

12 HC judges relieved of judicial functions

A total of 12 High Court division judges of the Supreme Court have been dropped from all types of judicial functions in the face of a student protest.As such, the judges will not get any bench in the reopening of the higher court on October 20.Chief Justice Syed Refaat Ahmed...