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

Lack of automation impedes trade ecosystem: Study

Bangladesh's international trade ecosystem continues to face bottlenecks that hinder its efficiency and reliability, according to a 2024 study.Banks involved in trade facilitation have identified multiple operational challenges, notably the heavy dependence on physical documents (reported by 70 per cent of respondents) and a lack of automation (highlighted by 80...

BTTC for 25pc export duty on rice bran oil

The Bangladesh Trade and Tariff Commission (BTTC) has proposed imposing a 25- percent duty on rice-bran oil exports in response to a significant rise in shipments amid the volatile domestic edible-oil market. Over the past one and a half years, private companies exported more than 64,000 tonnes of rice bran...

Numerous garment factories shut amid fresh demos

Over two dozen of garment factories in the export-oriented industrial belt located in Ashulia suffered production disruption Thursday for fresh demonstrations demanding higher wages and annual increment.At least 29 apparel factories in the belt suspended operation as workers struck work by rejecting the latest government announcement on an additional 4.0-percent...

Country braces for cold waves as low over Bay deepens

Dhaka was enveloped in a thick blanket of fog on Thursday morning, signaling the arrival of winter with reduced visibility and a dip in temperature, report agencies.The winter chill is expected to intensify this week, as a cold wave is forecasted to affect parts of the country, followed by another...

Political parties continue to support interim govt: Fakhrul

Bangladesh Nationalist Party (BNP) Secretary-General Mirza Fakhrul Islam Alamgir on Thursday said that political parties have been lending their supports to the interim government headed by Dr Muhammad Yunus."We believe that they will pay their attention to the general election after completing essential reforms," he told the media after his...

RAB DG apologises for torture and killings committed by its members

Director-General of the Rapid Action Battalion (RAB) AKM Shahidur Rahman on Thursday apologised for different incidents of torture and murder committed by members of the elite crime-busting force.He made the apology during a view-exchange meeting with journalists at RAB's media centre at Karwan Bazar in the city. "We express our...

Five dead, 344 hospitalised with dengue fever

Five more people died of dengue while 344 new patients hospitalised with the Aedes mosquito-borne disease across Bangladesh over the past 24 hours till Thursday morning.The number of patients hospitalised with the disease this year has risen to 97,947. The total number of deaths from the illness now stands at...

35th Annual General Meeting of Bangladesh Petroleum Exploration & Production Company Ltd. (BAPEX) held

The 35th Annual General Meeting of Bangladesh Petroleum Exploration & Production Company Ltd. (BAPEX) was held in the city on Thursday. The shareholders and members of Board of Directors of the company participated in the meeting presided over by Istiaque Ahmad, Chairman of BAPEX Board and Ex-Secretary, Govt. of the...

Draft cybersecurity ordinance gets approval

The Council of Advisers has granted its preliminary approval for the draft of the Cybersecurity Ordinance, 2024, reports UNB.The ordinance, which aims to strengthen the nation's cybersecurity framework, is a significant step towards enhancing digital security and protecting citizens from online threats.The draft will need to be presented again for...

18 banks at risk due to potential loan defaults by top 3 borrowers: BB

A report from Bangladesh Bank has revealed that the financial stability of 18 banks is at risk due to potential loan defaults by their top three borrowers, reports UNB. The inability of these borrowers to repay their loans could trigger a dangerous liquidity crisis for these banks, the report warns."If...

ADB to lend US$100m as addl. financing for BIFFL

Asian Development Bank (ADB) signed an agreement on Thursday with the government to lend US$100 million to Bangladesh Infrastructure Finance Fund Limited (BIFFL) as additional financing, an official statement said in Dhaka, reports BSS. The Economic Relations Division (ERD) statement said the agreement was signed for "Strengthening Bangladesh Infrastructure Finance...