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

Banks’ excess liquidity dips after upturn

The volume of excess liquidity in the commercial banks fell in May after months of growth, putting pressure on overall fund management the money market, according to the latest statistics from the central bank.The May decline affected not only excess funds but also the volume of uninvested credit held by...

Bangladesh Army vehicles stand guard outside the Bangladesh Bank

Bangladesh Army vehicles stand guard outside the Bangladesh Bank in Dhaka, following nationwide unrest and curfew. — FE Photo

Transport services resume after six-day halt

Transport movement on the long routes of the country resumed on Wednesday as most of the bus operators ran their vehicles after a suspension of six days.However, the Bangladesh Railway (BR) is yet to start train operation but plans to resume two commuter services between Dhaka and Narayanganj and Tongi...

Ctg port operators struggle to clear backlog

Chittagong-seaport operators struggle to clear backlog as shipment of piled-up containers and delivery of cargo boxes began Wednesday in full swing after days of countrywide disorders during quota protests. Until 8.00am on Wednesday morning, some 2,500 twenty-foot equivalent units (TEUs) of containers had been delivered from the prime port of...

Resumption of function in three days

Summit Group expects its long-awaited LNG (liquefied natural gas) terminal to be functional in next three days following the rectification of a fresh fault."Foreign expert divers are working now. If all goes well, the FSRU may be operational in three days," Faisal Khan, managing director of Summit Corporation, told the...

India cuts BD's aid allocations by 40pc

India has cut Bangladesh’s foreign aid allocations by 40 per cent in its newly announced national budget for the fiscal year (FY) 2024-25 as it has trimmed down its overall allocations, Indian newspapers reported on Wednesday.Bangladesh will receive maximum INR 1.20 billion in the next fiscal from that of INR...

UAE jails 57 Bangladeshis for demo supporting anti-quota protest

The United Arab Emirates (UAE) has jailed 57 Bangladeshi citizens for agitating in the Middle Eastern country in support of anti-quota protests at home, prompting speculation about potential visa restrictions for Bangladeshi workers. The Ministry of Expatriates' Welfare and Overseas Employment said it would not intervene in the cases of...