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

Bangladesh joins WTO investment facilitation pact

Bangladesh has formally announced its decision to join the Investment Facilitation for Development (IFD) Agreement at the World Trade Organization's 14th Ministerial Conference (MC 14), marking its first entry into a plurilateral trade initiative.The move signals Dhaka's growing engagement in global investment frameworks, even as divisions among major economies continue...

Govt revising 'inflated' GDP data

Prime Minister's Finance and Planning Adviser Rashed Al Mahmud Titumir has said previous governments inflated GDP growth and economic size for political purposes, as the interim administration moves to correct long-standing distortions in official data.He warned that the economy the government has inherited is deeply strained, with weak revenue performance...

Divisions lead to delay in MC14 final day

Developed and advanced developing countries were again at loggerheads to reach a compromise on some key issues on a deal during the final day of the 14th ministerial conference (MC14) of the World Trade Organisation (WTO).As a result, until our going to press at 10:00pm in Dhaka (5:00pm in Yaoundé),...

Offices resume in full swing after Eid vacation

The capital, Dhaka, on Sunday started returning to its usual bustling following full resumption of work at offices and functioning of businesses after extended Eid-ul-Fitr and Independence Day holidays.Government offices, banks, financial institutions, and courts resumed operations fully after the holidays.By Sunday morning, the roads which remained relatively quiet during...

12 out of 22 dead victims from Sunamganj

SYLHET, Mar 29: Among the 22 migrants who died aboard a boat while travelling by sea from Libya to Greece, 12 are residents of Sunamganj alone, said officials of Sunamganj district police.Contacted, the Additional Superintendent of Police, Sunamganj, Sujan Sarkar, told this correspondent this afternoon that they have confirmed the...

Inhuman human traffickers must be punished

Those involved in human trafficking must be brought to justice, says the State Minister for foreign affairs, as reports emerged that Bangladeshis are among dozens of migrants who died attempting to cross the Mediterranean.Speaking to reporters at the foreign ministry on Sunday, Shama Obaed described the incident as "deeply unfortunate"...

T-bill yields mixed amid weak credit demand

Yields on treasury bills showed a mixed trend on Sunday as banks channelled excess liquidity into short-term government securities, reflecting subdued private sector credit demand and cautious market sentiment.The shift in investment preference comes amid ongoing geopolitical uncertainties and slowing credit growth, prompting banks to favour safer, shorter-tenure instruments over...

Country loses Tk 838b a year through trade misinvoicing

Bangladesh is losing an estimated Tk 838.38 billion annually through trade misinvoicing, highlighting a major drain on public finances and exposing deep vulnerabilities in the country's trade and financial systems.A new report by Global Financial Integrity (GFI) underscores the scale of illicit financial outflows, warning that such practices are undermining...

Fresh fuel crunch leaves motorists in the lurch

A worsening fuel shortage left dozens of motorists stranded in long queues across the capital on Sunday, as several filling stations either ran out of fuel or imposed limits on sales, disrupting daily routines and business operations.At around 9:30 am, private car driver Abdur Razzak joined a queue nearly one...