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

Real returns on fresh bank deposits fall to near zero

Depositors are earning virtually no real return on their new savings as inflation has remained broadly in line with deposit interest rates, according to a latest publication of Bangladesh Bank, prompting the central bank to warn of continued pressure on households' purchasing power.The real interest rate on deposits measures the...

Govt pushes faster action on money laundering cases of past AL regime

The National Coordination Committee on Anti-Money Laundering (AML) and Combating the Financing of Terrorism (CFT) has directed officials to expedite investigations into 11 priority money- laundering cases as Bangladesh also steps up preparations for its next international anti-money laundering assessment.The priority cases involve the alleged laundering of billions of taka...

BB tightens EDF lending rules

Bangladesh Bank has tightened the eligibility criteria for Export Development Fund (EDF) loans, barring exporters with overdue export proceeds or converted EDF liabilities from accessing the foreign-currency lending facility unless they regularise their position.Exporters that fail to repatriate export proceeds within the prescribed timeframe, or whose EDF liabilities have been...

Mozaffar shown arrested in crimes against humanity case

The International Crimes Tribunal (ICT) on Thursday ordered that Major (retd) Mozaffar Hossain, one of the prime accused in the former President Ziaur Rahman assassination case, to be shown arrested in a case over crimes against humanity committed in Feni during the July 2024 uprising, reports UNB. The three-member ICT-2,...

Dhaka seeks stronger regional cooperation, ASEAN support for Rohingya repat

Dhaka has called upon ASEAN Regional Forum (ARF) participants to collectively support efforts to create conducive conditions in Myanmar to facilitate repatriation of over 1.3 million Rohingya to their homeland in Rakhine State.Foreign Minister Dr Khalilur Rahman made the call Thursday while addressing the 33rd ASEAN Regional Forum (ARF) Ministerial...

CCC Sweden trip raises procurement questions

CHATTOGRAM, July 23: A contractor-funded training visit to Sweden by five government and Chattogram City Corporation (CCC) officials has sparked questions over its legality and necessity, with critics alleging the trip breaches procurement rules and contractual provisions.Five officials, including the Chattogram City Corporation (CCC) Secretary and the Private Secretary to...

Houthis attack 2 Saudi oil tankers in the Red Sea

CAIRO, Jul 23, (AP): Yemen's Iran-backed Houthi rebels said early Thursday they had attacked two Saudi oil tankers in the Red Sea, and the US military conducted a 12th night of strikes against Iran as the two countries vie for control of vital shipping lanes.The Houthi attack threatened to open...

Govt plans transforming Cox's Bazar into tourism hub: Afroza

Civil Aviation and Tourism Minister Afroza Khanam said on Thursday that the government planned to transform Cox's Bazar into a major tourism hub through integrated development, improved connectivity and an eco-tourism-based approach."We want to transform Cox's Bazar, home to the world's longest unbroken sandy sea beach, into a tourism hub,"...