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

Private sector growth slows in January

Private sector activity continued to expand in January, albeit at a slower pace, as the Purchasing Managers' Index (PMI) eased to 53.9 from the previous month.The moderation signals sustained growth momentum, though at a more measured rate amid softer global conditions.Released on Sunday, the latest PMI reading showed expansion across...

Govt orders crackdown on job doc forgery, fraud

Chief Adviser Prof Muhammad Yunus directs urgent action against forgery and fake skill-training certificates as such practices are "damaging Bangladesh's reputation" on the international labour market.The direction was issued Sunday at a meeting of the governing board of the National Skills Development Authority (NSDA) at the chief adviser's office in...

Housing loan rescheduling rules relaxed

Bangladesh Bank (BB) on Sunday issued revised guidelines for rescheduling housing loans, significantly easing previous time-bound restrictions to better support borrower repayment capacity.According to a BB circular, the central bank aims to facilitate regular installment payments by offering more flexible repayment structures, reports BSS.Previously, housing loans under Taka 100 crore...

BNP, Jamaat vow deep reforms to boost revenue mobilisation

The major political parties have placed domestic revenue mobilisation at the centre of their respective economic agenda, setting specific targets to raise Bangladesh's tax-to-gross domestic product (GDP) ratio amid shrinking fiscal space.The Bangladesh Nationalist Party (BNP) has pledged to increase the tax-to-GDP ratio to 15 per cent by 2035, while...

Aviation adviser defends role as Biman chief

Civil Aviation and Tourism Adviser Sheikh Bashir Uddin has defended his appointment as chairman of the board of Biman Bangladesh Airlines, saying the move does not breach any laws and has precedent, reports bdnews24.com.Speaking at a media briefing in Dhaka on Sunday, he said that at least 22 ministers and...

Growing gap visible in EC's efforts to ensure fair polls: TIB

A growing gap is becoming visible in the efforts of the Election Commission (EC) and other stakeholders to create a free, fair, transparent, and level playing field, as well as to organise a peaceful election, according to a TIB study.In particular, the effective exercise of the powers vested in the...

Govt seeks UN support in Hadi murder probe

Bangladesh government seeks assistance of the United Nations in investigating the killing of Sharif Osman Hadi, a traumatic issue that incites sporadic mayhem. According to the Ministry of Foreign Affairs, Bangladesh's permanent mission in Geneva formally approached the Office of the UN High Commissioner for Human Rights (OHCHR) on February...

All educational institutions to remain shut for five days

All educational institutions across the country will remain closed for five consecutive days from February 11 to 15 due to the 13th parliamentary elections, referendum, and the Maha Shivaratri holiday.According to a government decision, holidays have been declared on February 11 and 12 to facilitate the elections. February 13 and...

Treasury-bill yields ease on liquidity glut

Yields on treasury bills (T-bills) fell on Sunday as banks channelled excess liquidity into risk-free government securities amid subdued private sector credit demand ahead of the national polls.The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bills fell to 10.24 per cent from 10.40 per cent...