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

OBUs can now extend trade loans via ADs of other banks

The Bangladesh Bank (BB) has amended the key provisions of its directive on Offshore Banking Units (OBUs) of scheduled banks, aiming to facilitate the country's foreign trade, officials say.On Tuesday, it issued a notification amending the OBU guidelines, originally released on January 30 this year, to provide greater flexibility in...

Volatile credit supply besets blue economy

Bangladesh's blue-economy-sector financing continues to crumble, reflecting an inconsistent flow of credit and a lack of bankable projects in the country's vast marine and coastal areas.According to the latest data from the Bangladesh Bank, the total outstanding loans in the blue-economy-financing category under green finance stood at Tk 8.48 billion...

8-party joint rally gridlocks Dhaka

Traffic in the capital came to a standstill on Tuesday after eight like-minded parties, including Jamaat-e-Islami and Islami Andolan Bangladesh, organised a joint rally in the Purana Paltan area.Crowds began pouring into the area around 1:00pm, spilling over onto nearby roads and effectively paralysing movement between the Kadam Foara and...

Ex-land minister Saifuzzaman, 18 others sued

The Anti-Corruption Commission (ACC) has filed four separate cases against former land minister Saifuzzaman Chowdhury and 18 others, accusing them of embezzling Tk 316.9 million through approving bank loans in the name of nonexistent companies.The cases were lodged on Tuesday (November 11) at the ACC's Chattogram office, said ACC Deputy...

SC verdict on restoration of caretaker govt November 20

Apex court's judgment on appeal petitions seeking restoration of the abolished system of election-time caretaker government is set for November 20, amid expectations for breakthroughs in election-centric crises in Bangladesh.The Appellate Division of the Supreme Court Tuesday concluded hearings on the appeal petitions filed for restoration of the Caretaker Government...

Gold prices go up again

Within just 24 hours, Bangladesh Jewellers Association (BAJUS) has once again increased gold prices in the local market, this time by Tk 4,188 per bhori. With the latest adjustment, the price of 22-carat gold now stands at Tk 2,08,471 per bhori (11.664 grams). The new rates will come into effect...

Malancha Paribahan bus set on fire in city

A bus operated by Malancha Paribahan was set on fire in the capital's Sutrapur area on Tuesday evening.It was set ablaze around 6:00pm, marking the ninth vehicle arson incident in just two days (Monday and Tuesday).According to eyewitnesses, the bus was set on fire when it was parked.Duty Officer of...

Yield on 5-yr bonds soars

The yield on five-year treasury bonds rose significantly on Tuesday as banks were reluctant to invest surplus funds in government securities, aiming to manage their portfolios more cautiously ahead of the national election.The cut-off yield, generally known as interest rate, on the Bangladesh Government Treasury Bonds (BGTBs), soared to 10.15...

Police personnel check vehicles in the Ramna area

Police personnel check vehicles in the Ramna area of the capital on Tuesday ahead of the banned Awami League's "Dhaka Lockdown" programme, which is scheduled for November 13. - FE Photo

Govt extends armed forces' magistracy power till Feb 28, 2026

The government has extended the magistracy power granted to commissioned officers of the armed forces with the rank of captain, equivalent, or above till February 28, 2026 from today (Wednesday), reports BSS.Additionally, the magistracy power has been extended to officers on deputation in the Bangladesh Coast Guard and Border Guard...