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

BB tightens grip on forex mkt

The central bank purchased US$149 million through auction from 16 banks on the interbank spot market on Thursday, aiming to keep the exchange rate of the US dollar against the local currency stable.The amount was bought under the Multiple Price Auction method, with a cut-off rate of Tk 122.29 per...

Health, education see deep cuts in FY26 RADP

The allocations for health, education, and social protection - the key pillars of human-capital development - have been sharply reduced, by as much as 63 per cent, in the Revised Annual Development Programme (RADP) for the current fiscal year.Amid an extensive downward revision, driven by constrained fiscal space and slow...

Migration alone cannot secure BD’s future

Bangladesh's long-standing dependence on overseas labour migration may have helped cushion external shocks, but it cannot deliver a sustainable path to middle- or high-income status without significant investment in skills and human capital, experts have warned.While remittances support consumption, foreign-exchange reserves and short-term macroeconomic stability, the country risks remaining trapped...

Trump launches $1.0m 'gold card' immigration visas

WASHINGTON, Dec 10 (Reuters): President Donald Trump's administration officially launched his "Trump Gold Card" visa programme on Wednesday to provide a pathway, with a steep price, for non-US citizens to get expedited permission to live in the United States.The website Trumpcard.gov, complete with an "apply now" button, allows interested applicants...

BPC profit increases by 9.46pc in FY25

Bangladesh Petroleum Corporation (BPC) recorded a 9.46-percent rise in profit in the last fiscal year (FY 2024-25), driven by the automatic fuel-pricing formula introduced in March 2024. The state-run organisation posted earnings of Tk 42.16 billion, up from Tk 39.43 billion in the previous fiscal year (FY 2023-24).Tax payments to...

Court orders to attach 1,936-acre S Alam-owned land

A special court in Dhaka on Thursday ordered the attachment of 1,936.5 acres of land in Chattogram owned by S Alam Group Chairman Mohammed Saiful Alam and several individuals associated with him. Judge of the Metropolitan Senior Special Judges Court Mohammad Abdullah Al Mamun passed the order after hearing a...

ACC to sue S Alam, Janata officials

The Anti-Corruption Commission (ACC) Thursday approved five separate cases against multiple S Alam Group entities and their officials, as well as Janata Bank officials, for allegedly embezzling Tk 94.28 billion through loan irregularities, misuse of authority, and criminal breach of trust.According to the ACC findings, multiple companies of the conglomerate...

Marriage, divorce registration must be digitised: HC

The High Court has ruled that marriage and divorce registration has to be digitalised.The bench of Justice Fahmida Quader and Justice Md Ashif Hasan delivered its verdict on Thursday after the final hearing of a petition over the matter.Advocate Ishrat Hasan represented the petition, accompanied by lawyer Tanzila Rahman, reports...

Tetulia shivers at season's lowest 8.9°C

The northern tip of Bangladesh is reeling under a biting cold as Tetulia in Panchagarh district on Thursday recorded the season's lowest temperature at 8.9 degrees Celsius, marking for the first time the mercury dipped below the 10-degree mark, reports BSS.The persistent chill has intensified the woes of residents, who...

Mild tremors strike Sylhet twice in five minutes

Two mild tremors were felt in Sylhet's Beanibazar and Moulvibazar's Barlekha within a span of five minutes on Wednesday midnight, according to Earthquake Monitoring and Research Centre of the Bangladesh Meteorological Department (BMD), reports BSS.The first tremor occurred at 2:50:31 am, with its epicentre in Beanibazar, Sylhet, measuring 3.5 on...