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

Polls in Feb, to be a landmark event

Bangladesh's forthcoming elections will be a "real and landmark" event--the first genuinely fair polls in 16 years, Chief Adviser Professor Muhammad Yunus reaffirms.He made the remarks during a high-level meeting with Brazilian President Luiz Inácio Lula da Silva in Rome on Monday, when the two sides also talked avenues of...

BB cuts banks' provisioning requirements

Banks will now get a special facility allowing them to maintain lower provisioning requirements for classified loans in agricultural, cottage, micro, and small enterprise sectors, according to the Bangladesh Bank.Banks are required to maintain a 1.0-percent provision against outstanding loans that are classified as either "standard accounts" or "special mention...

A Simple Habit, A Transformed Life

Handwashing may seem a small act in everyday life, but for many families in coastal Bangladesh it has become the line between illness and health, between despair and hope. In the western corner of Kalikapur Union, in West Dibuapur village under Patuakhali, a little girl named Marzia has become a...

5-year bond yield dips below policy rate

The yield on five-year treasury bonds fell below the central bank's policy rate on Tuesday, as banks channelled surplus liquidity into government securities amid subdued private sector credit demand in the run-up to the national election.According to auction results, the cut-off yield, or interest rate, on the Bangladesh Government Treasury...

Hajj reg extended until Oct 16

The Ministry of Religious Affairs has extended the deadline for Hajj registration until October 16, 2025, according to a press release issued by the Hajj-3 division on Tuesday, reports UNB.The notice was addressed to prospective pilgrims for Hajj 2026, Hajj agencies, banks involved in Hajj activities, and other relevant parties.It...

Most SoEs under industries ministry incurring losses, says secretary

The government has opened the door for private sector participation in running state-owned enterprises (SoEs) under the Ministry of Industries (MoI), as most of them have become loss-making ventures, MoI Secretary Md Obaidur Rahman said on Tuesday."There are between 200 and 250 entities under the MoI. However, most of them...

Govt to procure 0.13m-tonne fertiliser, 15,000 tonnes of sugar

The Advisers' Council on Government Purchase on Tuesday approved proposals to procure 0.13 million tonnes of fertiliser and 15,000 tonnes of sugar to meet the country's domestic demand.Finance Adviser Dr Salehuddin Ahmed, currently in Washington, presided over the meeting virtually via the Zoom platform.As per the approval, the commerce ministry...

Woman's body found in deep freezer

FE REPORT Police recovered a woman's body from a deep freezer in the capital's Kalabagan area on Monday night.The victim, identified as Taslima, was allegedly killed by her husband, Nazrul Islam, who has been on the run since the incident. Her family lodged the case with Kalabagan Police Station on...