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

OBUs allowed using FCDs as loan security

To facilitate foreign investment in the country, the Bangladesh Bank has allowed offshore banking units (OBUs) to use foreign-currency deposits (FCDs) by non-resident accountholders as collateral against lending.Under a relaxed regulation, foreign companies are eligible to avail local currency, Bangladesh Taka (BDT), loan against the collateral of foreign currency deposits...

Steady new business reg reflects resilience amid political shifts

Despite political uncertainty and economic headwinds, Bangladesh saw a relatively steady trend in new business registrations in the just-ended fiscal year (FY 2024-25), suggesting a quiet but persistent confidence among entrepreneurs across sectors.A total of 10,225 new firms and entities were registered with the Registrar of Joint Stock Companies and...

Yields on T-bills down as banks' liquidity inflows up

The yields on Treasury bills (T-bills) declined on Thursday as banks showed a willingness to invest their excess liquidity in the risk-free instruments.The cut off yield, generally known as interest rate, on the 91-Day T-bills came down to 11.97 per cent on the day from 12.09 per cent earlier while...

Vegetable prices soar amid rain

Rain in many parts of the country has disrupted supply chains, driving up vegetable prices and increasing pressure on consumers. Vegetable prices have increased by Tk 5-15 per kg or bunch in the past week, with brinjal now selling at Tk 90-120 per kg, tomatoes at Tk 140-150, carrots at...

BD leads in sustainable apparel manufacturing: Report

Bangladesh has been well positioned in a global report for its leadership in sustainable apparel manufacturing, as decarbonisation momentum is underway in the readymade garment industry with ambitious environmental targets, rise of green manufacturing and a growing culture of industry collaboration.The report titled "Bangladesh Country Report: Macroeconomic and Sustainability Analysis,"...

Govt to buy 2 more spot LNG cargoes by mid-August

The government intends to buy two more spot LNG cargoes by mid-August to boost natural gas supplies to industries, power plants and other gas-guzzling consumers.State-run Rupantarita Prakritik Gas Company Ltd (RPGCL) floated a tender to purchase two spot LNG cargoes for delivery on August 3-4 and August 14-15, a senior...

Country's rice stock up

As of the first day of the current fiscal year, the stock of rice in the country has increased to 1.541 million tonnes from the previous year's 1.473 million tonnes. According to statistics from the food ministry, there are now 1.764 million tonnes of rice and wheat stocks in various...

3 of a family lynched at Muradnagar in Cumilla

CUMILLA, July 3 (BSS): Three members of a family were lynched in a village under Muradnagar upazila of the district on allegation of their involvement in drug trading.Officer-in-Charge (OC) of Bangara Thana under Muradnagar upazila said that the incident took place at Koroibari village under Akbarpur union of the upazila...

Ahmed Raihan Nizam of Chattogram's renowned Nizam family passes away

Ahmed Raihan Nizam, a former cricketer, businessman and scion of Obaidur Rahman Nizam, after whose name Chattogram city has a popular road called OR Nizam Road, died in New York, the USA, on 29 June after a year-long battle with lung cancer. He was 68.A brilliant student, he attended Faujdarhat...

ACC opens probe against 5 more senior NBR officers

The Anti-Corruption Commission (ACC) has launched fresh inquiries into five more officials of the National Board of Revenue (NBR), including commissioners, over allegations of corruption, reports bdnews24.com.They are Kazi Muhammad Ziauddin, Dhaka East commissioner of customs, excise and VAT, Md Kamruzzaman, commissioner at Benapole Land Port, Mamun Mia, deputy tax...

Bangladeshi killed in BSF firing at Sultanpur border in Chuadanga

CHUADANGA, July 2 (UNB):A Bangladeshi man was killed in firing allegedly by the Indian Border Security Force (BSF) at the Sultanpur border under Darshana police station in Chuadanga on Wednesday. The deceased Ibrahim Khalil Babu, 29, is the son of Nurul Islam of Jhanjhadanga village in Parkrishnapur Madna union of...

82 Palestinians killed in Gaza, including 38 people waiting for aid, authorities say

TEL AVIV, Israel, July 03 (AP): Airstrikes and shootings killed 82 Palestinians in Gaza overnight, including 38 while attempting to get much-needed humanitarian aid, hospitals and the Health Ministry said Thursday.Israel's military did not have immediate comment on the strikes.Five people were killed while outside sites associated with the Gaza...