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

Bangladesh pivots to domestic finance to cut costly foreign funds

Bangladesh plans gradually reducing reliance on external borrowing to finance budget deficits as rising cost of foreign loans makes the government inward-bound for pooling higher domestic funds.The pivot towards ramped-up domestic borrowing -- particularly from the banking system -- is distinct in new budgetary plans. The budget documents for financial...

Conventional, exclusionary, disappointing

The proposed national budget for the fiscal year 2025-26 has drawn sharp criticisms from economists, civil-society leaders, and marginalised community representatives for being "conventional, exclusionary, and disconnected from the country's pressing socioeconomic needs."Speaking at a dialogue titled "National Budget 2025-26: What is There for the Left-behinds?" and organised by the...

Varied opinions emerge as BNP opposes it

Differences of opinion emerged on Wednesday between BNP and some major political parties regarding the proposal for the formation of a National Constitutional Council (NCC) at the third meeting of the second-round talks held at the Foreign Service Academy.At a press briefing following the meeting, National Consensus Commission Vice-Chairman Professor...

Government in process of holding elections after reforms

The interim government is now in the process of holding the general election after making vital reforms in the key democratic institutions, said Environment Adviser Syeda Rizwana Hasan on Wednesday.Addressing an event organised by the British High Commission in Dhaka at a city hotel to mark the birthday of King...

Court orders seizure of Nassa Group director Nasrin's assets

A Dhaka court on Wednesday ordered the attachment of two flats in the capital and the freezing of shares in 55 companies owned by Nasrin Islam, director of EXIM Bank and NASSA Group, in connection with corruption allegations involving wealth beyond known sources.Judge of the Metropolitan Senior Special Judge's Court...

28 Covid-19, 212 dengue cases in last 24 hours

Bangladesh continues to grapple with a dual public-health challenge as fresh surges in both dengue and Covid-19 cases raise concern among the health authorities and the public alike. While dengue infections have jumped significantly across the country, the southern district of Jashore has reported its first Covid-19-related death in nearly...

Israeli fire kills 140 in Gaza in 24 hours: medics

Israeli gunfire and strikes killed at least 140 people across Gaza in the past 24 hours, local health officials said, as some Palestinians in the strip said their plight was being forgotten while attention shifted to the air war between Israel and Iran, reports Reuters.At least 40 of the total...

Labour law to be amended by Nov: Adviser Sakhawat

Bangladesh will amend its labour law by November, introducing tougher penalties for child labour, said Labour and Employment Adviser Brigadier General (retd) M Sakhawat Hossain on Wednesday."The amendment process is underway and we aim to finalise it within the next two to three months-by November at the latest. Besides, penalties...