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

Provisioning requirements for banks getting toughened

Provisioning rules for banks are getting toughened under a new model that requires bankers to estimate potential credit losses in advance to help determine proper provisions. Bangladesh Bank (BB) is set to introduce the IFRS 9-based Expected Credit Loss (ECL) provisioning framework avowedly as part of efforts to modernise the...

Int'l Women's Day observed with great gusto

The International Women's Day was observed in the country on Sunday with the clarion call for actions to ensure rights, justice and safety for women, with special focus on the need to end the culture of impunity.Different human rights organisations and civil society platforms organised various programmes highlighting challenges being...

PM to launch prog on March 14

Prime Minister Tarique Rahman will inaugurate a government programme to provide monthly allowances to imams and muezzins of mosques across the country on March 14.Prime Minister's Adviser for Public Administration Md Ismail Zabiullah disclosed the matter while talking to journalists at the Religious Affairs Minister's office in the Bangladesh Secretariat...

Economy under pressure amid crisis, needs contingency planning

Bangladesh's economy faces increasing pressure from geopolitical tensions alongside domestic structural weaknesses such as high non-performing loans, limited fiscal space and sluggish investment, experts and economists warn.The alert bell was rung Sunday amid escalating tensions in the Middle East that they forecast could significantly heighten these vulnerabilities by pushing up...

Panic buying forces many gas stations to suspend sales

Long queues of cars, motorcycles and pickups continued to form at filling stations across the capital for the third day on Sunday as fears of possible fuel shortages spread in the wake of the Middle East conflict.Motorists crowded filling stations in different parts of Dhaka, rushing to refill tanks amid...

Forex reserves stay above $34b after ACU payment

Bangladesh's foreign-exchange reserves remain comfortably above the $34-billion mark even after the country cleared a major round of regional import payments. Officials say steady inflows of remittances and export earnings have helped keep the reserve position stable despite the routine outflow.The latest payment of $1.37 billion to the Asian Clearing...

Government withdraws 5 envoys, including UK HC

The new government has withdrawn five Bangladeshi envoys from their overseas postings and directed them to report to headquarters at the Ministry of Foreign Affairs of Bangladesh.According to a ministry announcement made Sunday, four ambassadors appointed on a contractual basis have been recalled from their missions in Portugal, Poland, Mexico...

DCCI calls for policy-rate cut

The Dhaka Chamber of Commerce and Industry (DCCI) on Sunday urged the government to take steps for strengthening the country's financial sector to help support economic recovery and boost private investment.The chamber president, Taskeen Ahmed, has made the appeal while meeting with Finance and Planning Minister Amir Khosru Mahmud Chowdhury...

Jet fuel prices hiked amid Middle East crisis

The Bangladesh Energy Regulatory Commission (BERC) has increased the price of Jet A-1 fuel, commonly known as aviation fuel, for both domestic and international flights amid a rising trend in global oil prices triggered by the ongoing Middle East crisis.The commission raised the jet fuel price for international flights by...

T-bill yields show mixed trend

The yields on treasury bills (T-bills) showed a mixed trend on Sunday as banks preferred investing their excess liquidity in the government's shorter-tenure securities rather than longer-term ones.The cut-off yield, generally known as the interest rate, on the 91-day T-bills fell to 9.89 per cent on the day from the...