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

Ramadan begins-

The holy month of Ramadan began across the country today (Thursday) following the sighting of the new crescent moon on Wednesday evening. The announcement was made after a meeting of the National Moon Sighting Committee at the conference room of Baitul Mukarram National Mosque in the capital, with Religious Affairs...

Stabilising prices, smooth power supply, bettering law, order first

Holding commodity prices in checks and uninterrupted electricity supply ahead of the fasting month Ramadan alongside bettering law-and-order situation come first in the priorities the new government set on the first day of its function. Newly elected Prime Minister Tarique Rahman issued a slew of "zero-tolerance" directions from the maiden...

Days of 'patronage economy' over

A priority need of the hour is democratisation of Bangladesh economy so that its benefits reach all the people, new Finance and Planning Minister Amir Khasru Mahmud Chowdhury said Wednesday "We can't allow a patronage economy to continue," he told reporters at his Bangladesh secretariat office' as the newly elected...

All schools closed during Ramadan

After some initial back-and-forth, the education authorities have said all government and private primary, secondary, and lower-secondary schools will stay shut for the entire month of Ramadan.The holiday begins today (Thursday), reports bdnews24.com.On Wednesday, the new government-on its first day in office-reversed the previous decision and resolved to keep schools...

New govt to take steps to defer LDC graduation

The new government will take initiatives to defer Bangladesh's graduation from the Least Developed Country (LDC) status, says Commerce, Industries, Textiles and Jute Minister Khandaker Abdul Muktadir.Speaking to journalists at the secretariat on Wednesday, he said the government had already started working on this.He said the government wanted to defer...

Taka gains slight competitive relief

Bangladesh's exporters enjoyed a modest boost in December last as the country's real effective exchange rate (REER) edged down, easing pressure on the Taka and slightly improving its global competitiveness. The latest central bank data suggest that while the currency remains somewhat overvalued, the gap has narrowed. The REER index...

Iran temporarily closes parts of Strait of Hormuz during drills

Dubai, Feb 18: Iran has said it temporarily closed the Strait of Hormuz, the narrow mouth of the Persian Gulf, as it conducted live fire exercises in the vital waterway, through which 20% of the world's oil passes.Earlier, the country announced that parts of the Strait of Hormuz will close...

Long queues form as subsidised TCB sales begin for Ramadan

Long queues of consumers, mainly from low- and lower-middle-income groups, were spotted across the capital on Wednesday to buy essential goods at subsidised rate from the Trading Corporation of Bangladesh (TCB).The TCB launched its special subsidised sales programme in the capital and across the country from Tuesday, marking the holy...

HC petition challenges July Charter

A writ petition has been filed with the High Court challenging the legality of the July National Charter 2025, a sweeping reform agenda introduced by the now-dissolved interim government led by Prof Dr Muhammad Yunus.The petitioner argues that key provisions of the Charter, including proposals for a referendum and structural...

TIB calls for annual asset disclosure by MPs, public officials

Transparency International Bangladesh (TIB) has called for mandatory annual disclosure of income, expenditure and asset statements by members of parliament and all public office holders to ensure transparency and accountability in governance.It also urged the formulation and adoption of an integrated national anti-corruption strategy.The anti-corruption strategy should be aligned with...