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

Yield rise may make govt bank borrowing costlier

Government bank borrowings may be costlier from this fiscal year's last quarter for growing yields on sovereign securities, as rate rises already cast their shadows before. Economists and bankers believe the yield pressures may be zooming despite the borrowing target for the April-June period is not set to increase significantly.On...

Indian President, PM greet Dr Yunus

President of India Smt Droupadi Murmu and Prime Minister of India Shri Narendra Modi extended felicitations on the occasion of National Day of Bangladesh on Wednesday expressing their commitment to advancing the bilateral partnership."On behalf of the Government, the people of India and on my own behalf, I extend warm...

Bangladesh Ambassador to China Md Nazmul Islam and Vice Governor of Hainan Province receive CA Dr Muhammad Yunus

Bangladesh Ambassador to China Md Nazmul Islam and Vice Governor of Hainan Province receive CA Dr Muhammad Yunus at Qionghai Bo'ao Int’l Airport in Hainan, China, on Wednesday. (Story on page 1) — Photo: CA's Press Wing

Repayment outpaces foreign aid inflow

Bangladesh spent US$2.636 billion in debt servicing against principal and interest during July-February of this fiscal year at a rising rate that outpaces receipt, according to officials, affecting execution of aided projects.The foreign-aid inflow dropped as both commitment and disbursement ebbed down in the first eight months the fiscal year...

BSFIC gets Tk 300m govt loan to pay employees' gratuity, PF dues

FE REPORTThe government provided a loan of Tk 300 million to the Bangladesh Sugar and Food Industries Corporation (BSFIC) to pay outstanding gratuity and provident funds for retired employees, according to a finance ministry order issued recently.The loan was approved on March 19 with conditions including its repayment within 20...

OMS rice allocation increased by 400 tonnes a day

To support low-income citizens, the food ministry has continued its subsidised rice sale programme across the country. Under this initiative, rice and flour are being sold at subsidised rates through 1,057 centres in city corporations, district headquarters, municipalities, and labour-intensive areas. To keep rice prices affordable, the government has decided...

UNGA adopts resolution on Rohingya crisis

The United Nations General Assembly adopted a resolution on the scope, modalities, format, and organisation of the high-level conference on the situation of Rohingya Muslims and other minorities in Myanmar under the sponsorship of Malaysia and Finland, said a spokesperson of the foreign ministry on Wednesday. During a discussion on...

New record set on remittance earnings

FE REPORTBangladesh has set a new record in remittance earnings, reaching an all-time high of $2.749 billion in just 24 days of March, with two more banking days remaining. According to Bangladesh Bank data, which compiles figures from all banks, this is the highest-ever monthly remittance inflow through legal channels....

Transport owners to overcharge Eid travellers Tk 8.32b: JKS

Public transport owners are going to overcharge Eid-ul-Fitr holidaymakers an estimated Tk 8.32 billion, said Bangladesh Jatri Kalyan Samity (JKS) on Wednesday.It said 220.75 million trips may be made in Dhaka and the surrounding areas, driven by Eid shopping and travel to home districts, from March 20 to 31. These...

Robbery committed at Dhaka house

An incident of robbery took place at a house in the city's Dhanmondi area in the early hours of Wednesday. Sources said a group of 15 to 20 people wearing RAB uniforms entered the House No. 8 at Dhanmondi at 4:30am and looted cash, ornaments and other valuables. While fleeing...