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

China Bangladesh's top trading partner in FY24

China maintained its position as Bangladesh's largest trading partner in FY24, with bilateral trade amounting to Tk 2.246 trillion, according to data from the Bangladesh Bureau of Statistics (BBS).India remained the second-largest trading partner, recording Tk 1.463 trillion in two-way trade during the same period, the data revealed.China surpassed India...

Bond market largely remains untapped

Despite having immense potential, bond market in the country still remains unexplored because of multiple factors, including weak corporate governance, lack of awareness and data transparency, poor investment-friendly tax structures and inadequate enforcement of regulations, experts at a roundtable said on Tuesday.In the absence of sustainable long-term funding sources like...

Bangladesh's hunger situation improves

Bangladesh's ranking in the global hunger index (GHI) improved slightly with a score of 19.4 this year, narrowly escaping the category of serious-hunger group. The country ranks 84 out of127 countries, graduating to the category of moderate hunger from serious hunger groups in 2016, according to the 2024 GHI, which...

Momen appointed ACC chairman

Senior Secretary Mohammad Abdul Momen has been appointed chairman of the Anti-Corruption Commission (ACC). The Ministry of Public Administration issued a gazette notification in this regard on Tuesday.Alongside, two new commissioners have been selected: Mian Md. Ali Akbar Azizi and Brigadier General (Retd.) Hafiz Ahsan Farid, according to the gazette...

Oil volatility continues as retailers yet to start supplying at new rate

Volatility in the edible-oil market continued on Tuesday as refiners had not yet supplied oil to distributors at the newly fixed price.After a meeting with refiners, the government raised the Maximum Retail Price (MRP) of soybean oil by Tk 8.0 per litre, setting the new price of branded bottled oil...

BB, IMF 'mull over dollar exchange rate reform'

The International Monetary Fund (IMF) and Bangladesh Bank are looking for a more dynamic approach to managing the dollar exchange rate during the ongoing midterm-review meeting in Dhaka, reports UNB.Bangladesh Bank spokesperson and Executive Director Hosne Ara Shikha said that their Tuesday's discussions aimed to tackle the stagnation observed in...

Int’l migration leads to a rise in fallow land: BIDS

International migration often contributes to an increase in fallow land and a decline in cropping intensity in own land in rural Bangladesh, according to a study of Bangladesh Institute of Development Studies (BIDS).The study also suggests that in regions with high levels of international migration, agricultural land should be prioritised...

Myanmar's Arakan Army claims control of border with Bangladesh

BANGKOK, Dec 10 (AP): One of the most powerful ethnic minority armed groups battling Myanmar's army has claimed the capture of the last army outpost in the strategic western town of Maungdaw, gaining full control of the 271-kilometer (168-mile) -long border with Bangladesh.The capture by the Arakan Army makes the...

BNP seeks Rab abolishment, formation of police commission

BNP on Tuesday recommended the abolishment of the Rapid Action Battalion (Rab) and formation of a 'police commission' to build police as a people-friendly law enforcement agency.BNP standing committee member Hafiz Uddin Ahmed came up with the suggestion while placing a number of recommendations over police administration reform at a...

EU Mission launches publication on '36 July 2024'

The European Union Mission in Dhaka launched a publication titled "Bangladesh, 36 July 2024" with reproduction of street paintings and graffiti, capturing the horrors of repression during the July-August protests and the public aspirations of a new Bangladesh, reports UNB.On the occasion of International Human Rights Day, the publication and...