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

Call for venture capital boost to power startup growth

Bangladesh's startup scene is brimming with ideas but starved of patient capital, industry leaders and financial experts said on Sunday.They stressed that the country must now move beyond its dependence on high-interest bank loans and embrace venture capital to unlock the next wave of innovation and entrepreneurship.The traditional banking model,...

Distribution of smart family card faces blow

An official initiative to provide smart family cards to 10 million low-income families under the Trading Corporation of Bangladesh (TCB) is facing a setback due to non-completion of their database, official sources said.As a result, the TCB has requested the Ministry of Commerce (MoC) to take necessary steps so that...

Yields on T-bills fall as banks park idle funds

Yields on treasury bills (T-bills) declined further on Sunday as banks continued to channel their surplus liquidity into government securities, amid sluggish private-sector credit growth in the run-up to the national elections.The cut-off yield, commonly known as interest rate, on the 91-day T-bills fell to 9.44 per cent, down from...

US says 'credible reports' Hamas planning attack against Gaza civilians

WASHINGTON, Oct 19 (AFP): The US State Department on Saturday said it had "credible reports" that Palestinian armed group Hamas was planning an imminent attack against civilians in Gaza, a move Washington said would be a "ceasefire violation.""This planned attack against Palestinian civilians would constitute a direct and grave violation...

BARVIDA seeks govt action against attacks, extortion at car showrooms

The Bangladesh Reconditioned Vehicles Importers and Dealers Association (BARVIDA) has warned the government that they would go for a tougher programme if a crackdown on extortionists and attackers who vandalised car showrooms was not initiated by October 30th.President of BARVIDA Abdul Haque issued the warning at a press briefing at...

Media professional found dead in city

A female media professional was found dead at her residence in the Sobhanbagh area of the capital on Saturday evening.The deceased was identified as Sornomoye Biswas, 28. She joined Dhaka Stream early this year as a trainee graphic designer.Sher-e-Bangla Nagar Police Station Sub-Inspector (SI) Saiful Islam, who is investigating the...

Police to grill BUP "rape" suspect Mithu in custody

Police have secured two days to interrogate Mithu Biswas in custody, arrested in connection with the "rape" of a Bangladesh University of Professionals (BUP) student in Savar.Dhaka Senior Judicial Magistrate Tajul Islam granted the request on Sunday following a petition from the investigating officer, reports bdnews24.com.Mithu was arrested from Tejkunipara...