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

IFC, JPMorgan eye investments in BD's finance, capital market

Finance Minister Amir Khosru Mahmud Chowdhury on Wednesday said both the International Finance Corporation (IFC) and JPMorgan expressed interest in investing in Bangladesh, particularly in the financial sector and capital market, following meetings on the sidelines of the World Bank-IMF Spring Meetings.Briefing reporters at the end of the third day...

Paddy prices slide ahead of Boro harvest

A sharp fall in paddy prices ahead of the peak Boro harvest has triggered fresh concern among farmers, who fear mounting losses unless the government intervenes swiftly. The decline, driven by early harvesting and rising supply, has already eroded returns from older stocks, according to market insiders.With harvesting gathering pace...

Deep digital divide persists across Bangladesh

A significant gap in internet access continues to separate rural and urban populations in Bangladesh, with affordability and infrastructure constraints limiting digital inclusion, according to a latest official survey.The individual-level internet usage gap between rural and urban population is 32.1 percentage points, according to the Bangladesh Bureau of Statistics (BBS)...

US announces new sanctions against Iran oil sector

WASHINGTON, United States, Apr 16 (AFP): The United States announced Wednesday it is tightening sanctions against Iran's oil industry as Tehran keeps up its closure of the Strait of Hormuz as part of the Mideast war.The new punishment targets oil transport infrastructure by slapping sanctions on more than two dozen...

Locally produced, imported octane enough in stock

Locally produced and imported octane is enough in stock to feed the needs for the motor fuel across Bangladesh until June, a government minister says while an official blames excess stocking for scrambles at pumps. The country has sufficient octane stock to meet the domestic demand for at least two...

BD's gross foreign exchange reserves surpass $35b mark

Bangladesh's gross foreign-exchange reserves surpassed US$35-billion mark on Thursday, driven by stronger remittance inflows and lower import-payment obligations, amid the ongoing geopolitical tensions.The country's gross forex reserves rose to $35.04 billion on the day, $33.87 billion up from the previous day, according to the central bank's traditional calculation method.Under the...

Eight more children die of measles-like symptoms in 24hr

Eight more children died of measles and measles-like symptoms in the past 24 hours until Thursday morning, according to health authorities.With the latest daily tally, the total fatalities from the infectious disease reached 206 in the country during the last one month since March 15, the Directorate General of Health...

Prof Abdullah Abu Sayeed meets PM

Noted educationist and founder of Bishwo Shahitto Kendro Prof Abdullah Abu Sayeed met Prime Minister Tarique Rahman at the Secretariat on Thursday, reports UNB.The Prime Minister's Additional Press Secretary Atiqur Rahman Rumon said the meeting took place at the Prime Minister's Office in the afternoon.He said Prof Abdullah Abu Sayeed...

Microcredit cuts poverty, but many borrowers left behind: Study

Microcredit programmes have contributed to income growth and poverty reduction in Bangladesh, but borrowers who fail to graduate out of poverty face deeper deprivation than others, according to a new study.The research, titled "Microcredit for Poverty Alleviation and Women Empowerment", conducted by the Bangladesh Academy for Rural Development (BARD), finds...

Fuel crisis leaves motorists high and dry in city

An acute shortage of fuel in the capital intensified public suffering on Thursday, with long queues forming at filling stations and sporadic scuffles breaking out as motorists struggled to refuel.In several areas, fuel queues grew unusually long, with lines in Ramna, Paribagh, Tejgaon, Mohakhali, and Gulshan Link Road stretching from...

Six on remand over killing of teen gang leader Emon

A Dhaka court has placed six people on a four-day remand each in a case filed over the killing of teenage gang leader Emon alias Alex Emon in the capital's Mohammadpur area, report agencies.The accused are Sayed Hossain Shimul alias Aiub (26). Md Tuhin Biswas (24), Md Rabbi Kazi (25),...