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

Agri loan disbursement drops 10pc amid operational disruptions

SAJIBUR RAHMANDisbursement of agricultural loans has dropped by nearly 10 per cent year on year in the first month of the current fiscal year, according to the latest Bangladesh Bank (BB) report.Bankers attribute this decline to disruptions in banking operations caused by student-led movement, internet shutdowns, and curfews in July....

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) organised

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) organised a view-exchange meeting in the city on Saturday. Story on Page 1

Pathao raises $12m to accelerate fintech transformation

Pathao has raised $12 million in a pre-series B funding round as part of Bangladesh's largest consumer technology provider's strategic shift towards fintech.This investment takes Pathao's total capital raised to upwards of $50 million -- the largest by a pre-series B start-up in Bangladesh, says a statement.The round was led...

Take action against 'syndicate': BAIRA

FE REPORTLeaders of Bangladesh Association of International Recruiting Agencies (BAIRA) on Saturday urged the interim government to take action against the 'syndicate’ in the overseas employment sector.They emphasised that addressing this issue is crucial for boosting the country's foreign exchange reserves.At the same time, they demanded that those involved in...

Eye on austerity, internal revenue rally: Fin adviser

FE REPORTFinance and commerce adviser Dr Salehuddin Ahmed on Saturday vowed to intensify the government's austerity measures and focus on domestic revenue mobilisation rather than depending on foreign assistance only.He urged the taxmen to shed the spotlight on tax collection avoiding fear-factor to meet the country's dire needs in the...

Dr Ezazul promoted to ED (Grade I) at BB

FE REPORT Dr Md Ezazul Islam has been promoted to Executive Director (Grade I) at Bangladesh Bank (BB) from his previous position as Executive Director (Grade II).He currently oversees the Monetary Policy Department of the central bank, where his primary responsibilities include formulating and implementing BB's monetary and exchange rate...

TCB sells key items from today

FE REPORTThe government is set to start selling three key essential items among 10-million low-income cardholding families today (Sunday).The items, including edible oil, lentil and rice, will be sold by the Trading Corporation of Bangladesh (TCB), according to a statement issued by the state entity on Saturday.Each cardholder can buy...

NEWLY FORMED BOARD OF UNION BANK HOLDS 2ND MEETING

NEWLY FORMED BOARD OF UNION BANK HOLDS 2ND MEETING The 2nd Board meeting of the newly formed Board of Directors of Union Bank PLC was held in the presence of all members of the Board at the head office of the bank on Thursday, with its Chairman Md Fariduddin Ahmed...