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

Rosin Exports Ltd to set up a $10m denim unit in JEZ

Bangladeshi garment manufacturer Rosin Exports Limited will invest around $10 million to establish a modern denim products manufacturing facility at Jamalpur Economic Zone (JEZ).The factory, to be set up on five acres of land, is expected to create around 800 jobs once fully operational.To this effect, the company signed a...

BB issues directives to curb energy, fuel consumption amid global supply risks

Bangladesh Bank (BB) asked all scheduled banks on Wednesday to implement immediate austerity measures regarding electricity and fuel usage to ensure national energy security, reports BSS.The central bank's directive cited the current geopolitical situation as the primary catalyst for these precautionary measures. According to the circular, volatility in the international...

Gold price rises again in BD

Gold prices in Bangladesh have increased again within a day as the Bangladesh Jewellers Association (Bajus) on Wednesday raised the price of 22-carat gold by Tk 2,216 per bhori, reports UNB.With the latest adjustment, the price of 22-carat gold has been set at Tk 270,430 per bhori (11.664 grams), according...

BB targets six major groups to recover laundered money in first phase

Bangladesh Bank (BB) has identified six major business groups as primary targets in its first phase of strategic efforts to recover laundered loan assets from abroad, reports UNB.Due to strategic reasons, the central bank has not yet disclosed the names of these groups.However, sources confirmed that they were selected based...

RMG exports down 3.7pc in first eight months of fiscal

Bangladesh's Readymade Garment (RMG) exports recorded a 3.73 per cent year-on-year decline, totaling US$ 25.80 billion during the July-February period of the current fiscal year 2025-26, reports UNB.According to the latest data from the Export Promotion Bureau (EPB), the sector-the backbone of the country's export earnings-is facing a downward trend...

Dhaka, Jakarta stress early conclusion of trade deal

Bangladesh and Indonesia today reviewed progress in negotiations on a Preferential Trade Agreement (PTA) and stressed the importance of concluding the pact at an early date to expand bilateral trade and economic cooperation, reports BSS.The issue came up when Indonesian Ambassador to Bangladesh Listyowati paid a courtesy call on State...

Shell declares force majeure to clients who buy Qatari LNG

LONDON, Mar 11 (Reuters): Shell, the world's largest liquefied natural gas trader, has declared force majeure on LNG cargoes it buys from QatarEnergy and sells to its clients worldwide, three sources told Reuters on Wednesday.Qatar, the world's second-largest exporter of LNG, announced a production halt at its 77 million tons...

China wants to boost flights on Beijing, Guangzhou routes from Dhaka

China expressed interest on Wednesday in increasing flight frequencies on the Beijing and Guangzhou routes from Bangladesh to strengthen air connectivity, tourism cooperation and economic engagement between the two countries, reports BSS.The issue came up when Chinese Ambassador to Bangladesh Yao Wen paid a courtesy call on Civil Aviation and...

Chinese co Cosco suspends operations at Panama Canal

PANAMA CITY, Mar 11 (AFP): Chinese shipping giant Cosco said Tuesday that it is suspending operations at a Panama Canal port amid an ongoing row between the United States and China over the waterway's oversight.Cosco, which owns one of the world's largest fleets of tankers, is targeting the Pacific Ocean...

US consumer inflation unchanged at 2.4pc year-on-year in Feb

WASHINGTON, Mar 11 (AFP): Consumer inflation in the United States remained stable at 2.4 per cent in February, in line with market expectations, government data showed Wednesday, as affordability concerns persist in the world's largest economy.The consumer price index (CPI) rose 2.4 per cent year-on-year, the same increase as reported...

India eases some investment norms for China

NEW DELHI, Mar 11 (Reuters): India approved easing restrictions on Chinese investments in select sectors on Tuesday, in a major step by Prime Minister Narendra Modi to rebuild ties with Beijing and end six years of friction.Below is a timeline of events since a deadly border clash between the two...