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

Nov PMI falls as economic expansion slows sharply

Bangladesh's Purchasing Managers' Index (PMI) declined by 7.8 points to 54 in November last over the previous month, reflecting a slower expansion in key economic sectors.A PMI reading above 50 indicates that the sector/economy is generally 'expanding' while a reading of 50 indicates 'no change' compared to last month and...

ADB's fossil fuel focus raises alarms

Bangladesh has so far received US$17.34 billion in 106 projects from the Asian Development Bank (ADB), including nearly $6.0 billion for 36 gas-focused schemes that collectively support 3,659MW generation capacity, a new study has revealed. Civil society groups say this long-standing reliance on fossil fuel lending is now undermining the...

CA for urgent action to ensure food safety

Chief Adviser Prof Muhammad Yunus has expressed deep concern over the rising levels of toxic substances in food, calling for urgent and coordinated action to curb contamination and protect public health.Speaking at a high-level meeting at the State Guest House Jamuna on Sunday, Prof Yunus urged ministries, regulatory bodies and...

HC questions ACC's inaction on alleged loan irregularities

The High Court has directed the Anti-Corruption Commission (ACC) and Bangladesh Bank to dispose of, within 90 days, a petition seeking an investigation into allegations of loan irregularities and money laundering by Nice Spun, a subsidiary of the Noman Group. The order comes amid claims that the company secured more...

Tarique recalls horrors of 1971, urges vigilance against looming threats

BNP Acting Chairman Tarique Rahman has cautioned against certain individuals and groups frequently mentioned in social media and public discourse as figures the nation witnessed engaged in appalling acts in 1971, reports bdnews24.com.He spoke virtually from London on Sunday during the inauguration of BNP's "Plan for Building the Nation".Tarique said,...

Adopt environment-friendly, resilient means: Researchers

Researchers at the flagship academic event of the Bangladesh Institute of Development Studies (BIDS) on Sunday suggested adopting environment-friendly and resilient means to address the country's climate impacts.The Annual BIDS Conference on Development was held in the capital in a number of academic sessions, including one titled "Environment and climate...

ACC sues S Alam, Janata Bank officials

CHATTOGRAM, Dec 7: The Anti-Corruption Commission (ACC) has filed a case against 34 individuals -- including senior Janata Bank officials and top executives linked to trading entities of the S Alam Group -- over alleged loan fraud, abuse of authority, and criminal breach of trust amounting to Tk 19.64 billion.The...

New 3-party alliance formed ahead of nat'l polls

A new political alliance called the 'Democratic Reform Alliance', comprising three political parties, was launched on Sunday. The parties involved are the National Citizen Party (NCP), Amar Bangladesh Party (AB Party), and Rashtra Sangskar Andolon.NCP convener Nahid Islam made the announcement at an emergency news conference at the Dhaka Reporters...

Soybean oil price rises by Tk 6 per litre, palm oil up Tk 16

The country's refiners have increased the price of bottled soybean oil by Tk 6.0 a litre to Tk 195, while palm oil prices have risen by Tk 16 a litre. The price of loose soybean oil has been raised by Tk 7.0 per litre.The Bangladesh Vegetable Oil Refiners and Vanaspati...

Four Bangladeshi businesses get HSBC Export Awards

Four Bangladeshi businesses have been recognised and honoured as 'Exporter of the year' for their leadership and continuous contribution to promoting Bangladesh in the global stage and enabling sustainable growth of the country.The Hongkong and Shanghai Banking Corporation Limited in Bangladesh on Sunday announced the winners of the 'HSBC Export...