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

Call for scrapping 'Flag Vessel Act' to boost oceangoing shipping industry

Industry leaders have called for abolishing the outdated Bangladesh Flag Vessel (Protection) Act 2019 to unlock the 'vast potential' of oceangoing shipping and shipbuilding sectors.Speaking at a seminar titled 'Investment Potentials in the Ocean Going Vessel Industry', a leading shipping entrepreneur, Azam J Chowdhury, said the law, originally designed to...

Gaza peace summit in Cairo today

GAZA CITY, Oct 12 (AFP): Hamas will release its remaining hostages on Monday and will play no role in Gaza's future government, the group told AFP, as US President Donald Trump and other world leaders prepared to convene in Egypt for a major peace summit.Trump will first pass through Israel,...

NPC assessing govt's ability to hike public servants' pay

The National Pay Commission (NPC) is now assessing the government's fiscal ability before it recommends pay hikes for the government employees, which is scheduled for December 2025.The move came as the government's fiscal space had shrunk due mainly to its lower revenue collections, according to officials.The NPC, chaired by former...

Govt permits 12 firms to export 2,984 tonnes of raw jute

The Ministry of Commerce has granted approval to 12 local companies to export a total of 2,984 tonnes of raw jute.It announced the approval in a recent circular.According to the circular, the ministry approved the exports on September 30, based on applications submitted through the Bangladesh Jute Association.The firms approved...

Trade bodies protest Ctg port tariff hike effective from October 15

CHATTOGRAM, Oct 12: After a one-month deferral, the Chittagong Port Authority (CPA) is set to implement a tariff hike on port services from 15 October, marking the first increase in nearly four decades. The move has drawn strong opposition from trade bodies, exporters, importers, and port users, who fear it...

ACC sues Hasina, 16 others over Tk 3.09b embezzlement

The Anti-Corruption Commission (ACC) has filed a case against former Prime Minister Sheikh Hasina and 16 others accusing them of causing a financial loss of Tk 3.09 billion to the government exchequer through irregularities in awarding the toll-collection contract of the Meghna-Gumti Bridge.According to the ACC investigation, in 2016, the...

T-bill yields fall as banks park idle funds in govt securities

Yields on treasury bills (T-bills) declined on Sunday as banks channelled their excess liquidity into government securities, amid subdued private credit demand ahead of the upcoming national elections.The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bill dropped to 9.51 per cent from 9.69 per cent...

Bangladesh eyes EPA, FTA with EU

Bangladesh plans to sign an Economic Partnership Agreement (EPA) with the European Union (EU) after completing a feasibility study and reviewing bilateral trade data, as part of its broader goal to eventually move towards a Free Trade Agreement (FTA).The development was discussed at a meeting between Commerce Adviser S K...