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

BTTC for allowing imports duty-free

To stabilise onion prices in the local market, the Bangladesh Trade and Tariff Commission (BTTC) has recommended the National Board of Revenue (NBR) to allow duty-free import of onions. The existing customs duty is 5.0 per cent.The BTTC put forward the recommendation to stabilise the soaring prices of the spice...

Dr Yunus to attend Baku COP29 confce

Chief Adviser Dr Muhammad Yunus will attend the COP29 conference, scheduled to start on November 13 in the Azerbaijan capital Baku, Foreign Affairs Adviser Touhid Hossain said on Thursday.Talking to reporters at the foreign ministry, he, however, said that the detailed schedule of the CA's visit was not yet finalised.About...

The golden girls of Bangladesh hit Dhaka airport

The golden girls of Bangladesh hit Dhaka airport on Thursday as they returned home victorious after clinching the Women's SAFF Championship title, humbling the hosts Nepal on Wednesday. Chief Adviser Professor Muhammad Yunus will accord a reception to the team on Saturday. — FE Photo

6-member search committee set up

The interim government has constituted a six-member search committee to recommend candidates for the next Election Commission (EC), which is responsible for overseeing free and fair elections.The committee, outlined in a Thursday gazette signed by cabinet secretary Dr Sheikh Abdur Rashid, is headed by Justice Zubayer Rahman Chowdhury from the...

BB reduces two-way price quoting spread for primary dealers

The central bank has reduced the spread of two-way price quoting of primary dealer (PD) banks to bring dynamism in the country's secondary bond market, officials said.Under the new rules, the spread will be fixed on the basis of bid-ask yield instead of price earlier, according to a notification issued...

HC scraps sedition case against Tarique Rahman

The High Court (HC) on Thursday scrapped the trial proceedings of a sedition case filed against BNP Acting Chairman Tarique Rahman, ETV Chairman Abdus Salam and two others.The HC bench of Justice AKM Asaduzzaman and Justice Syed Enayet Hossain delivered the verdict after holding a hearing petition filed by Abdus...

BB clarifies cash injection into market

The central bank has clarified its position regarding the latest injection of high-powered money into the market.As emergency strikes, according to the Bangladesh Bank (BB), this liquidity has been injected for the time being.It made the clarification following a news item headlined 'Return of high-powered money in bond form; Generous...

Mujib, Hasina's names dropped from medical colleges

The government has renamed six medical colleges, dropping names of Sheikh Hasina, her father Sheikh Mujibur Rahman and other persons.To this end, the Medical Education and Family Welfare Division issued a circular on October 30.The Ministry of Health and Family Welfare has changed the names of the medical colleges with...

52 more BD expats leave Lebanon for Dhaka

The 6th batch, consisting of 52 Bangladeshis, were evacuated from Beirut on a flight with a stopover in Dubai en route to Dhaka on Thursday amid the ongoing conflict in Lebanon.The flight carrying these passengers left Beirut at 7:20 am and the flight is scheduled to land at Dhaka's Hazrat...

Agent banking drives rural financial inclusion

Agent banking transactions continue to dominate rural Bangladesh, driven by the easy access to the system by village residents, according to sources with direct knowledge of the matter.As of June 2024, rural transactions accounted for an impressive 84.23 per cent of the total agent banking volume, with total transactions amounting...

BB Governor takes over as Chairperson of SAARCFINANCE

Bangladesh Bank (BB) Governor Dr. Ahsan H. Mansur has assumed the role of Chairperson of SAARCFINANCE, a network comprising eight central bank governors from SAARC nations. Dr. Mansur's term will span November 2024 to October 2025, following the 46th SAARCFINANCE Governors' Group Meeting held in Washington, D.C., on October 24.He...

BCB cancels directorship of Papon and 10 others

Bangladesh Cricket Board (BCB) cancelled the directorship of its former president Nazmul Hassan Papon and 10 other directors, reports BSS.The decision came from the 15th meeting of the Board of Directors of BCB recently.Apart from Papon, the other directors were Manzur Kader, A.J.M. Nasir Uddin, Sheikh Sohel, Advocate Anwarul Islam,...

Correction (2024-11-01)

An error crept into one of the highlights used in the illustration of the news item titled "No place for Hasina's 'fascist' party in BD" carried on Page 1 in Thursday's issue of The Financial Express.Actually the highlight should read: 'Human rights groups have not confirmed Indian allegations of mass...