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

Low-cost loan limit jacked up

In a bold move to energise youth entrepreneurship and job creation, the Bangladesh Bank (BB) has issued a master circular raising the maximum loan limit for startup initiatives to Tk 80 million, up from Tk 10 million previously.The central bank's updated policy allows all scheduled banks and financial institutions to...

Sheikh Hasina authorised deadly crackdown, BBC investigation reveals

A deadly crackdown on student-led protests in Bangladesh last year was authorised by the then prime minister Sheikh Hasina, according to audio of one of her phone calls verified by BBC Eye, a BBC's documentary series offering high-impact investigations.In the audio, which was leaked online in March, Hasina says she...

Bangladesh faces higher rate despite lower trade gap

Although Bangladesh is the 52nd largest trading partner of the US and its trade deficit with the latter is much lower than its competitors, the Donald Trump administration has imposed a higher 35 per cent tariff on its products, analysts say. They say the tariff on Bangladesh has likely been...

'Water lily' won't be poll symbol: EC

The Election Commission (EC) has taken a policy decision not to list the national emblem, the water lily, as an election symbol amid claims over it by two political parties, reports bdnews24.com.Election Commissioner Abdur Rahmanel Masud shared the development on Wednesday.The Nagorik Oikya had sought the water lily as its...

Relentless monsoon rains paralyse city, other areas

Incessant monsoon rains battered the capital and other parts of the country on Wednesday, disrupting daily life and prompting warnings of landslides and flash floods. Dhaka recorded 77mm of rain in 24 hours until 6am on Wednesday, according to the Bangladesh Meteorological Department (BMD). The highest rainfall during this period...

Court orders freeze on 53 bank accounts of S Alam Group cos

A Dhaka court on Wednesday ordered the freezing of 53 bank accounts held by various companies under the S Alam Group over money-laundering allegations.Among the accounts, 33 are with First Security Islami Bank Bangladesh PLC, two with Mutual Trust Bank PLC, and 18 with Islami Bank Bangladesh PLC, collectively holding...

At least 30 villages in Phulgazi and Parshuram upazilas of Feni were flooded

At least 30 villages in Phulgazi and Parshuram upazilas of Feni were flooded on Wednesday following heavy rainfall. Water entered the localities after 14 flood control embankments along three rivers, including the Muhuri and the Silonia, were damaged, wreaking havoc on village people. — Focus Bangla