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

Banks' liquidity bloats amid sluggish credit demand, rising deposits

Scheduled banks now seem to be in a quandary with excess liquidity buildup following deposit resurgence and weak loan demand amid prolonged economic slowdown, bankers say.Amid various regulatory moves and deposit-mobilising drives by the country's banks, people's trust in the once-shaken banking sector started improving. As a matter of fact,...

A Chinese FSRU to be built alongside Maheshkhali

Bangladesh is going to have a third floating storage and regasification unit (FSRU) to be built by a Chinese company alongside the Bay island Maheshkhali as the government gives the go-ahead amid gas-supply disruptions. The Cabinet Committee on Economic Affairs (CCEA) approved Tuesday the proposal placed on behalf of China...

PM seeks Malaysia's support to ease energy crisis

Bangladesh Prime Minister Tarique Rahman talked over telephone with Malaysian premier Anwar Ibrahim and also wrote to him separately seeking cooperation to tackle the country's energy crisis, which has deepened lately.State Minister for the Ministry of Power, Energy and Mineral Resources (MPEMR) Anindya Islam Amit disclosed the developments while talking...

Turkish giant Sanko proposes $300m textile investment in Bangladesh

Turkish textile giant Sanko group has proposed investing around $300 million to establish an integrated textile manufacturing facility in the Mirsarai Industrial Zone, aiming to expand Bangladesh's high-value textile production.The proposal was presented during a meeting with Commerce Minister Khandaker Abdul Muktadir at the secretariat office, Dhaka, on Tuesday, according...

Govt plans Tk 161b fuel import drive

The government plans to import around 1.53 million tonnes of refined petroleum products worth an estimated Tk 161 billion during the second half of 2026 under government-to-government (G2G) arrangements.The initiative is expected to ensure uninterrupted domestic fuel supplies amid continued volatility in global energy markets, sources said.A proposal prepared by...

US bombers ‘used Israel bases’ to strike Iran

JERUSALEM, July 28 (AFP): Israeli defence minister Israel Katz on Tuesday said that American warplanes used Israeli bases during their attacks on Iran, reiterating that his country was prepared to retaliate if targeted.Fighting between the US and Iran has been paused since Friday after 13 nights of US strikes on...

Boats remain a popular mode of transport for daily commuters along the Buriganga River

Boats remain a popular mode of transport for daily commuters along the Buriganga River. In the age of modern communication system, boatmen continue to steer boats on the river manually, keeping the age-old tradition alive. The photo was taken near Babubazar Bridge in the capital on Tuesday.— FE photo by...