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

Economy expands for second consecutive month in Nov ’24

The economy expanded for the second consecutive month in November 2024 as reflected in the Purchasing Managers' Index (PMI) released Sunday.According to the latest report, the Bangladesh PMI increased by 6.5 points to 62.2 in November compared to 55.7 in October and 49.7 in September.A PMI reading above 50 indicates...

BD bottom among 12 LMICs in usage of phone, net

Bangladesh comes bottom among 12 surveyed low- and middle-income countries (LMICs) in smartphone ownership and mobile internet usage, according to a latest GSMA report.The State of Mobile Internet Connectivity 2024 shows 41 per cent of urban residents and 26 per cent of rural inhabitants own smartphones.On the other hand, mobile...

Higher import tariffs cause rice price spikes

Higher import tariffs on rice led to larger price spikes in a year, according to a major cause cited in a study presented at an annual seminar organised by Bangladesh Institute of Development Studies (BIDS).A robust production as well as government intervention through procurement and sale could keep rice market...

SC upholds HC verdict scrapping five cases against Prof Yunus

The Appellate Division of the Supreme Court on Sunday upheld a High Court verdict that scrapped the proceedings of five cases filed under the Bangladesh Labour Act against Chief Adviser Professor Dr Muhammad Yunus and others. A three-member bench of the Appellate Division headed by Justice Md Ashfaqul Islam passed...

People ready to resist Delhi's hostility, says Rizvi

Bangladesh Nationalist Party (BNP) senior joint secretary general Ruhul Kabir Rizvi has categorically said the people of Bangladesh were ready to resist unprovoked Indian aggression.He told a rally of three affiliated organizations -- Juba Dal, Swechchhasebak Dal and Chhatra Dal -- outside the party's central office before marching towards Indian...

Govt to slash 43pc of CA’s spl budget

The interim government has decided to cut approximately 43 percent of the special budget allocation previously designated under deposed premier Sheikh Hasina who fled to India amid a student-mass movement.In a recent meeting, the office of the chief adviser decided to propose Tk 177 million for the CA, which is...

BB board approves new design of currency notes

Bangladesh Bank board has taken some decisions, including approving new design and features for the local currency notes.The central bank held its 438th meeting of board of directors on Sunday at the BB headquarters led by the governor Dr Ahsan H Mansur.Spokesperson of the central bank Husne Ara Shikha said...

AB Bank MD resigns

Tarique Afzal, managing director of the country's first private commercial bank -AB Bank (Arab Bangladesh Bank) - has resigned from his position citing health grounds.Mr. Afzal left the country for Canada on December 01, He sent his resignation from Canada on Friday via email. He submitted his resignation letter to...

Dengue: 7 more die _

Seven more people have died of dengue infection while 596 new patients have been hospitalised with the Aedes mosquito-borne disease across Bangladesh in the past 24 hours till Sunday morning, reports bdnews24.com.With the new counts, the number of people in hospitals with the fever has reached 96,228 this year. A...

Cold wave grips Kurigram

KURIGRAM, Dec 8 (UNB): Dense fog has enveloped the northern district of Kurigram for the last four days, causing extensive hardship to residents and visitors alike.With the escalation of the cold spell, the number of patients, mostly children and elderly, is increasing on a daily basis at hospitals. Those living...

BB decides against another hike in interest rates

The review meeting of the Bangladesh Bank (BB) monetary policy committee (MPC) has decided not to increase the policy interest rate for the time being, reports UNB.The committee acknowledged that although inflation remains elevated, the monetary policy stance is on the right track and there is no immediate need to...