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

Govt set to nearly halve power subsidies in FY 2026

The government is set to halve the power subsidy for the next fiscal year (FY2025-26) to reduce the financial burden on the exchequer.A substantial payment already made to clear the outstanding bills accumulated over the last couple of years for purchasing electricity from the independent power producers and an efficient...

BD-Japan FOC to focus on CA's May 28 Japan visit

The upcoming visit of Chief Adviser Professor Muhammad Yunus to Japan will get the top priority in the Foreign Office Consultation (FOC) between the two countries on May 15 in Tokyo.Professor Yunus is likely to attend the Nikkei Forum to be held in Tokyo on May 29.He is likely to...

ALS becomes key tool for banks amid liquidity crunch

A liquidity-feeding derivative called Assured Liquidity Support (ALS) has become highly popular among commercial banks as the instrument holds mammoth share of the central bank's special liquidity facilities, officials and bankers said.ALS is a kind of overnight borrowing facility provided by the Bangladesh Bank (BB) for the primary dealer (PD)...

Investment won't come until elected govt takes over

BNP standing committee member Amir Khasru Mahmud Chowdhury said on Tuesday that no investment would come to the country until an elected government comes to power."In the last nine months, investment has gradually slowed down. Investment is not possible without stability. No investment would come until an elected government takes...

Sonali Bank launches payment switch system

Sonali Bank PLC has added a new feather to its digital transformation activities by introducing its own payment switch system in a bid to make all kinds of online transactions faster, reliable and cost-effective.In a press release issued on Tuesday, the country's largest commercial bank stated that the new system...

Ban on AL concerns India

India on Tuesday expressed concern over the banning of Awami League by the Bangladesh government. "Ban on Awami League is a concerning development, said a spokesperson of the India's external affairs ministry. "India is concerned at curtailment of democratic freedom and shrinking political space in Bangladesh: MEA spokesperson," he added.On...

Five-year bond yield falls fast

The yield on Five-Year Bangladesh Government Treasury Bonds (BGTBs) fell significantly on Tuesday as banks were more inclined to invest their excess liquidity in the risk-free securities.The cut-off yield, generally known as interest rate, on the BGTBs came down to 11.99 per cent on the day from 12.39 per cent...

Court to deliver verdict on May 17

A tribunal has fixed May 17 for the verdict in the much- discussed case over the rape and murder of an 8-year-old child in Magura, reports bdnews24.com.Judge M Zahid Hasan of the Magura Women and Children Repression Prevention Tribunal set the date on Tuesday, according to Public Prosecutor Monirul Islam...