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

Cut-off yields of T-bonds fall sharply

The cut-off yield of Bangladesh Government Treasury Bonds (BGTBs), particularly of 15-year and 20-year-tenure ones, has dropped below 12 per cent, shrinking commercial banks' earning opportunities from investing in risk-free government securities.This drop in 15-year and 20-year treasury bonds comes following a steady decline in all forms of treasury bills,...

Leather goods makers urge govt to clear unpaid cash incentives

Leather goods and footwear manufacturers and exporters have requested the government to clear the outstanding cash incentives.Leather goods and Footwear Manufacturers and Exporters Association of Bangladesh (LFMEAB) President Syed Nasim Manzur recently wrote to the Finance Division to take steps in this connection. A Finance Division official told The Financial...

Banks’ money stolen with high-level support: Touhid

Foreign Affairs Adviser Md Touhid Hossain on Wednesday alleged that money was stolen from banks during the previous Awami League governments with encouragement from high-level leadership."The theft of money from our banks was not accidental. It was enabled by support from the highest levels of authority," he said, reports BSS.The...

Take revenge by executing 31-pt reform

BNP Acting Chairman Tarique Rahman has urged the party leaders and workers to take revenge against the Awami League, which has repressed them in many ways over the last 16 years, by implementing the party's 31-point reform outline."I personally believe in a principle that the implementation of the 31-point outline...

Rural entrepreneurship ticks up

Bangladesh's economic activities at the household level swelled tremendously over the last one decade, showing an increasing trend of entrepreneurship among rural people, the 2024 Economic Census report unveiled by the Bangladesh Bureau of Statistics (BBS) on Wednesday said. It said the number of economic households (HH) in 2024 jumped...

Passports of ex-BSEC chair Shibli, 8 others cancelled

Home Ministry has cancelled passports of nine individuals, including Prof Shibli Rubayat-Ul-Islam, former chairman of the Bangladesh Securities and Exchange Commission (BSEC), and former commissioner Sheikh Shamsuddin, reports UNB.The other seven whose passports have been cancelled are: former BSEC executive directors Mahbubul Alam, Saifur Rahman, and Rezaul Karim; former BSEC...

Barishal secure a qualifier spot

Fortune Barishal became the second team after Rangpur Riders to secure a spot in the Bangladesh Premier League 2024 qualifiers, report agencies.They beat Dhaka Capitals by nine wickets in just 6.3 overs on Wednesday.Barishal has been in exceptional form, winning nine out of 11 matches. With 18 points, they have...

Consignment of 22,000 tonnes of atap rice arrives from Myanmar

A ship carrying 22,000 tonnes of atap rice, imported from Myanmar, has anchored at the Chittagong Port. The rice consignment, imported on a government-to-government (G2G) basis, is the second shipment of its kind under the current interim government, said the Ministry of Food in a media release on Wednesday, reports...

No AL prog sans trial, apology: Press Secy

The interim government on Wednesday said Bangladesh Awami League would not be allowed to hold any protest programmes until its leadership is brought to justice and held accountable, reports UNB."Many, including Awami League's top leadership, are involved in entire July killings. Such a big killing has happened in Bangladesh's history...

Farmers stage a demonstration by scattering tomatoes on a road

Farmers stage a demonstration by scattering tomatoes on a road in Sadar Upazila, Natore on Wednesday, as they are not getting fair price for their crops. They also demanded the withdrawal of increased VAT and tariffs.

Foreign sources responsible for 30-35pc of country's air pollution

Environment, Forest, Climate Change Adviser Syeda Rizwana Hasan on Wednesday said that foreign sources account for 30-35 per cent of the country's air pollution while 28 per cent comes from power plants. Curing air pollution is a time-consuming process dependent on economic capacity, development patterns, communication infrastructure, and the transport...

Dhaka Boat Club asked to vacate 10 acres of land

The Dhaka Boat Club Limited authorities have been asked to vacate 10 acres of land in Savar within a week, which is allegedly occupied by it illegally.Issuing a directive on Tuesday, the Bangladesh Water Development Board (BWDB) also warned the Boat Club of legal action if they do not comply...

Gold jumps third time this month

Bangladesh Jewelers Association (BAJUS) has announced a third price hike for gold this month. This time, price has increased by Tk 1,365 per bhori, reports UNB.The new price of 22-carat gold will be Tk 142,791 per bhori. It was Tk 141,426 so far.According to a press release signed by Masudur...