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

Govt looks to amicable solution

Finance Adviser Dr Salehuddin Ahmed on Tuesday said the government is expecting an amicable solution of the complications created over imposition of 'reciprocal tariff' by the Trump administration."We responded positively. We hope we will cooperate (with them) and they will also cooperate (with us)," he said."It will be a win-win...

Private credit growth keeps falling in recent months

The private-sector credit growth continues plummeting, painting not an encouraging picture for the economy largely dominated by the private sector.Officials and money-market analysts say such a continuous downturn in the private-sector credit demand, despite marginal easing of import compression on the domestic market, is not a good sign for the...

Yield on BGTBs rises sharply

The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) marked a sharp rise on Tuesday as banks showed reluctance to invest in the securities.The cut off yield, generally known as interest rate, on the BGTBs rose to 12.18 per cent on the day from 11.20 per cent earlier, according to...

BB extends tenure till December ’26

The Bangladesh Bank (BB) has extended the tenure of banks' special capital market fund by another 22 months to December next year to help stabilise the country's reeling stock market.The Department of Off-site Supervision of the central bank in a circular on Tuesday stated that the decision of extension was...

Bata condemns attacks on its outlets

Bata, a foreign-owned company, has strongly condemned the attacks on several of its outlets in Bangladesh during Monday's countrywide protests against the strikes in Palestine.In an official statement, the multinational footwear brand addressed misinformation circulating online."We're aware of inaccurate claims suggesting that Bata has political affiliations in the ongoing Israel-Palestine...

66 arrested over vandalism, looting

FE REPORTAs many as 66 people have been arrested for their alleged involvement in vandalism and looting during Monday's protests in Bangladesh against the Israeli offensive in Palestine.The Press Secretary to the Chief Adviser provided the information while addressing a press briefing on the second day of the Bangladesh Investment...

IMF team inquires about progress on enactment of relevant laws

The visiting team of the International Monetary Fund (IMF) on Tuesday inquired about the progress made towards enactment of laws relevant to ensure good governance in the banking sector, sources said.They raised the issue at a meeting with the Financial Institutions Division (FID), officials said. The FID officials informed the...

Bangladesh inks 'Artemis Accords' with the National Aeronautics and Space Administration (NASA)

Bangladesh inks 'Artemis Accords' with the National Aeronautics and Space Administration (NASA) of the US on the second day of Bangladesh Investment Summit at a hotel in the capital on Tuesday. — PID

Foreign investors impressed by govt efforts, hopeful of policy continuation

Impressed by the interim government's efforts on investment front, the foreign investors who visited the Bangladesh Special Economic Zone (BSEZ) at Araihazar in Narayanganj on Tuesday expressed their optimism that there would be policy continuation addressing the issues related to investment for mutual benefits.The visit was part of the ongoing...

Paul Krugman slams US tariffs on Bangladeshi clothing

Nobel Prize-winning American economist Paul Krugman has opposed the US decision to impose tariffs on imports of clothing from Bangladesh, calling it a wrong move, reports UNB. "Putting high tariffs on imports of clothing from Bangladesh is exactly what you shouldn't be doing. That's the kind of thing that is...