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

Problem projects threaten $2.0b WB loans

The World Bank (WB) has warned that it will reconsider financing projects worth US$ 2.0 billion unless the authority expedites implementation of the projects , officials said Monday.The global lender may even withdraw funds if the agencies fail to speed up the execution process of the WB-aided projects, they added....

Rajuk launches drive to identify bldg code violators

Rajdhani Unnayan Kartripakkha (Rajuk) launched on Monday a drive to identify multi-storey buildings built in violation of rules and regulations.Twenty-four teams of the city development authority started collecting data on the violation of rules in the buildings higher than 10-storey from various parts of the city.The inspection drive came in...

Export sectors demand equal fiscal benefits

The country's export sectors sought Monday equal treatment in case of fiscal and other benefits in the forthcoming budget to promote diversification.Leaders of the sectors said there are some reduced tax benefits for the readymade garment industry, including corporate and source tax rates, which are not offered for other sectors.Corporate...

Most banks' data centres vulnerable to fire, quake

The data centres of nearly 60 per cent banks run the risk of being damaged in disasters like fire and earthquake due to their location in high-rise buildings, according to a study.The study also found that nearly 20 per cent data recovery sites of banks also have been established in...

NBFIs can now write off more bad loans

Country's non-banking financial institutions (NBFIs) are now allowed to write off more bad loans, particularly retail ones, without filing lawsuit that will help reduce their classified loans in the near future, officials said.The NBFIs are empowered to write off loans up to Tk 0.20 million instead of the previous ceiling...

Four die as boats capsize in Buriganga

Four people, including a woman and her son, died in separate incidents of boat capsize in the Buriganga river during Sunday night's storm, reports UNB.Two young men died as a trawler capsized in the Buriganga river near Keraniganj.The deceased were identified as Sabbir Hossain, 18, son of Shahidul Islam, and...

News Watch- (02-04-2019)

Gono Forum's Mokabbir totake oath as MPGono Forum's another MP-elect Mokabbir Khan (Sylhet-2) will be sworn in today (Tuesday), following the footstep of party MP Sultan Mohammad Mansur. In response to a letter sent by Mokabbir to Speaker Dr Shirin Sharmin Chaudhury on Monday, an arrangement has been made to...