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

Banks lose borrowing appetite as credit demand slumps

Commercial banks' borrowing appetite continues to fall amid a squeeze in credit demand in the face of persisting economic sluggishness in recent months.Apart from the private sector's lower credit demand, the Bangladesh Bank (BB) keeps injecting liquidity in the form of buying US dollars from the market to keep the...

Four-tier plan taken up to reform fragile financial sector

Bangladesh's total external-debt buildup touched US$78.067 billion as of last February, the finance minister apprised parliament Tuesday while outlining their new government's financial-reform recipe. To a question, Amir Khasru Mahmud Chowdhury said between the 2008-09 and 2025-26 fiscal years, the previous government had taken external loans amounting to $85.993 billion.The...

Requests sent to countries over S Alam, Beximco's fortunes

Bangladesh has begun legal and diplomatic steps to recover money allegedly laundered abroad by tycoons, the finance minister told parliament Tuesday, vowing that there would be "no compromise" in enforcing financial discipline.Speaking during a question-and-answer session in the JatiyaSangsad, Amir Khosru Mahmud Chowdhury said the government had already initiated both...

Over 1.86m sit for SSC, equivalent exams

This year's Secondary School Certificate (SSC) and equivalent examinations began across Bangladesh on Tuesday, with a total of 1,857,344 candidates participating.The examinations started at 10:00am at 3,885 centres nationwide under the nine general education boards, as well as the Technical and Madrasah Education Boards, reports UNB.Of the total examinees, 930,305...

Top USTR official to visit Dhaka soon: Envoy

US Ambassador to Bangladesh Brent T Christensen on Tuesday said Brendan Lynch, assistant US Trade Representative (USTR) for South and Central Asia, would visit Bangladesh soon to improve trade talks. He said this during a meeting with Commerce Minister Khandker Abdul Muktadir at the Bangladesh Secretariat. They discussed how to...

July-Mar sees record revenue shortfall

Bangladesh confronts a nearly trillion-taka record revenue shortfall in the bygone three quarters of this financial year, scaling up pressure on government's fiscal management.Until March, the National Board of Revenue (NBR) had lagged behind its target by about Tk 980 billion, marking the largest deficit in the country's history for...

Launch fare proposed at Tk 3 per km for trips up to 100km

The Bangladesh Inland Water Transport Authority (BIWTA) and launch owners have agreed on a revised fare structure, setting the per-kilometre fare at Tk 3.00 for journeys up to 100 kilometres, with the proposal to be sent for government approval.The decision was taken at a meeting between BIWTA officials and representatives...