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

Further US tariff cut likely as trade deficit narrowing

FE REPORTWashington has assured Bangladesh of considering further reduction in the current 20-percent retaliatory tariff on Bangladeshi products if the bilateral trade deficit continues to narrow.And the trade gap with the United States has already been on the decline, Commerce Adviser of the interim government SK Bashir Uddin Sunday disclosed...

Prof Yunus asks PKSF to expand programmes with tech-driven youth entrepreneurship

Chief Adviser Prof Muhammad Yunus on Sunday encouraged the Palli Karma-Sahayak Foundation (PKSF) to expand its programmes on a large scale and give the young people an opportunity to become entrepreneurs taking advantage of the technology that connected them with the world, reports UNB."Technology has connected us with the world...

GP's ex-workers face PBI grilling over labour rights dispute

The long-running labour rights dispute involving Grameenphone (GP) has escalated this week as its former employees appeared before the Police Bureau of Investigation (PBI) in Kalyanpur, Dhaka, in connection with a criminal case filed by the company.The PBI summoned 10 ex-workers of Grameenphon for questioning, with Sub-Inspector Basudev Sarkar leading...

Govt borrows Tk 65b, yields on T-bills decrease

The yields on treasury bills (T-bills) decreased further on Sunday as banks opted to park their excess liquidity in the risk-free instruments.The cut off yield, generally known as interest rate, on the 91-Day T-bills came down to 10.02 per cent on the day from 10.07 per cent of the previous...

Forex reserves rise to $30.59 billion

FE REPORTThe country's foreign exchange reserves rose further on Sunday, reaching US$30.59 billion, according to data released by the Bangladesh Bank (BB).Measured under the International Monetary Fund's Balance of Payments and International Investment Position Manual, Sixth Edition (BPM6), the reserves stood at $25.75 billion, the central bank said. Just three...

ACC files cases against 31 bosses of 13 agencies

The Anti-Corruption Commission (ACC) has filed cases against the former president of the Hajj Agencies Association of Bangladesh (HAAB), M Shahadat Hossain Taslim, along with 31 owners of 13 recruiting agencies on charges of human trafficking in Malaysia and embezzling about Tk 11.59 billion. ACC Deputy Director Md Akhtarul Islam...

Refiners want Tk 10 hike in edible oil price

Just a month after reducing palm oil prices, local refiners have proposed raising edible oil prices by Tk 10 per litre after verifying LC, inbound, and ex-bond information. They suggested increasing the maximum retail price (MRP) of bottled oil to Tk 199 per litre from Tk 189. The MRP of...

Moderate earthquake in Assam shakes Bangladesh

A moderate earthquake has struck Assam in northeastern India, sending tremors across several parts of Bangladesh, including Dhaka, reports bdnews24.com.According to the United States Geological Survey (USGS), the earthquake occurred at 5:11pm Bangladesh time on Sunday, with a magnitude of 5.9 on the Richter scale.Its epicentre was located 14.4km east...