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

Finance Division launches internal audit unit to bolster financial governance

FE REPORTThe Finance Division has established an independent 'internal audit unit' to mitigate financial risks and ensure better management in government institutions, with operations set to commence next week.Finance Secretary Dr. Md. Khairuzzaman Mozumder made the announcement on Friday while addressing a stakeholder consultation workshop titled "Internal auditing journey in...

RMG exports reach $38.48b in 2024

Bangladesh's readymade garment (RMG) exports hit an impressive $38.48 billion in 2024, showcasing the sector's ongoing success.The European Union remained the largest market, accounting for 50.34% of total RMG exports, valued at $19.37 billion.The United States followed with $7.2 billion (18.72%), while the United Kingdom contributed $4.3 billion (11.25%), Mohiuddin...

DITF turns a crowd puller on holiday

FE REPORTThe month-long Dhaka International Trade Fair (DITF) drew a huge crowd on Friday as many visitors took the opportunity to do shopping and hang out at the fair venue.Many visitors had to face chaotic situations due to the inadequate number of shuttle buses to and from different destinations to...

China's economy expands 5pc in 2024, hitting target

HONG KONG, Jan 17 (AP) : China's economy expanded at a 5% annual pace in 2024, slower than the year before but in line with Beijing's target of "around 5%" growth, helped by strong exports and recent stimulus measures.In quarterly terms, the economy grew 5.4% in October-December, the government reported...

Interest rates on Treasury bills, bonds fall amid rising bank demand

Due to "increased interest" from banks, interest rates on Treasury bills and bonds have been reduced by 10 to 29 basis points, reports bdnews24.com.According to information published on the Bangladesh Bank website, banks offered Tk 180 billion for the government-backed five-year bills and bonds at the latest auction on Tuesday....

Imported rice from Myanmar arrives at Ctg port

CHATTOGRAM, Jan 17: A ship from Myanmar carrying 22,000 tonnes of sun-dried rice has berthed at the jetty of the Chittagong port, the prime sea port of the country. Sources said, MV Golden Star berthed at Jetty No. 9 of Chittagong sea port around 12:30 PM on Friday as part...

Dhaka urges Australia to ease visa procedures for Bangladeshis

Dhaka has urged the Australian envoy to advocate for the establishment of an Australian visa processing facility here and to work towards easing visa procedures for Bangladeshi nationals, reports BSS.The call was made when Acting High Commissioner of Australia to Bangladesh Nardia Simpson paid a farewell courtesy call on Foreign...

Mosharaf joins Commerce Bank as MD, CEO

Mr. Mohammed Mosharaf Hossain joined Bangladesh Commerce Bank Limited as Managing Director and CEO on Thursday, says the bank in a statement. Before joining BCBL, he was Managing Director and CEO of Islamic Finance and Investment Limited (IFIL), First Finance Limited and Additional Managing Director of Uttara Bank Limited. He...