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

Commercial banks' forex holdings fall sharply

A hope-raising rise in commercial banks' foreign-exchange holdings ebbed to US$5.25 billion in August, when the economy navigated a changeover in state power.Officials and bankers have said the overall economic activities were upended in the first half of the eventful month of August because of student-citizen protests that led to...

Nonbanks see deposit surge despite drop in accounts

Nonbanks saw a surge in deposits in a phenomenon that belied a drop in the number of accounts with them, as of the last April-June quarter.Deposit accounts with the country's nonbank finance companies (NBFCs) fell over 11 per cent in the quarter compared to the previous quarter to March 2024,...

Parts of country face scorching heat

Dhaka is enduring an intense heatwave, with relentless high temperatures and elevated humidity making life unbearable for its residents.For three consecutive days, the city's inhabitants have faced scorching heat. According to the Meteorological Office, moderate heat is sweeping across all divisions and is expected to continue for the next three...

Six held over lynching at DU campus, JU sues eight over murder

Six people have been arrested in connection with the lynching of a youth on the Dhaka University campus while the Jahangirnagar University (JU) authorities have filed a murder case against eight students after the death of Shamim Ahmed alias Shamim Molla, a former leader of the university's Bangladesh Chhatra League...

South Asia regional trade least integrated in world

Regional trade in South Asia has remained the least integrated in the world and has not improved much over decades due to the narrow and non-cooperative political economic approach in the region, experts viewed at a webinar on Friday. South Asia regional trade has remained 5 per cent in the...

Clashes in hill districts leave four dead

Clashes in two hill districts left four people dead and scores injured until Friday afternoon, officials and locals said, prompting a government call for calm and assurance of action against offenders.News reports from the hill districts said violent incidents in Khagrachhari left three dead and nine others injured while another...

BD struggling to muster dollars to pay Indian power debts

NEW DELHI, Sept 20 (Reuters): Bangladesh's efforts to clear debts of more than $1 billion owed to Indian power companies are being hampered by its inability to access the dollars it requires to pay them, documents showed and sources familiar with the matter said.The country has been struggling to pay...