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

Growth not enough to be MIC, inequality prevails

Asian Development Bank (ADB) President Takehiko Nakao finds Bangladesh's economic growth not enough to become a higher-middle-income country (MIC) in the set timeline and says inequality a major problem."It is not impossible, but it's not easy. Today (Bangladesh's) per-capita GDP is about $1500. But for higher MIC it may require...

Launching of metro rail to miss target

Dhaka Mass Transit Company Limited (DMTCL) is struggling with contract package-7 of the metro rail project due to having only one firm out of four short-listed ones for holding financial negotiations, sources said.For being unable to contract out the important component of the project, they said, the commercial launching of...

NBR to focus on framing steady fiscal policies

From now on National Board of Revenue (NBR) will focus on framing consistent fiscal policies to attract more investment and collect more revenue, said its chief on Wednesday."I hope from now on there will be consistency in the government's fiscal policy," said Internal Resources Division (IRD) Senior Secretary and NBR...

MoF-BB joint body to recover Tk 96.69b from 25 top defaulters

A joint committee of the Ministry of Finance (MoF) and the Bangladesh Bank (BB) will be formed to realise Tk 96.69 billion from 25 top default companies.The main tasks of the proposed panel will be to find out the barriers, particularly legal issues, recovery of classified loans and make necessary...

Wake up or face prosecution, Nobel laureates tell Suu Kyi

Three visiting Nobel peace laureates in the city Wednesday called for an immediate end to the genocide in Rakhine against Rohingya people, reports UNB.Tawakkol Karman of Yemen, Shirin Ebadi of Iran and Mairead Maguire of Northern Ireland made the demand at a press conference in a city hotel."We can't remain...

DSE board asks officials to reply 'professionally'

The Dhaka Stock Exchange (DSE) board of directors has asked its management to give reply 'professionally' to the regulator's queries on the Chinese consortium's proposal to be the bourse's strategic partner.The board's advice came at a meeting on Wednesday, a day after the Bangladesh Securities and Exchange Commission (BSEC) sent...

News Watch (01-03-2018)

Bus services of 11 northern dists resumeBogra, Feb 28: Bus services from 11 northern districts to the capital via Bogra resumed on Wednesday evening, 12 hours after the transport operators suspended the service over a dispute between bus workers and owners. The decision to resume bus services came at an...