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

Bank credits to CMSMEs hit fresh compliance hurdles

Access to formal credits by cottage, micro, small and medium enterprises is strewn with fresh hurdles stemming from ramped-up general provision requirement that discourages commercial banks from such highly supervised lending.Such regulatory change in general provisioning came at a time when most commercial banks in Bangladesh have been rebalancing their...

CA advises streamlining army role in assisting civil admin

Chief Adviser Prof Muhammad Yunus has stressed streamlining the current army role along with a clearly defined command structure and close coordination among all forces in the lead-up to the forthcoming elections.The direction from the head of post-uprising government was spelt out during discussion when Chief of the Army Staff...

Economists, elites deplore stalling of pledged reforms

Economists and elites deplored the stalling of the post-uprising interim government's reform agenda, despite months of pledges and discussions, as they grouped in a watchdog on reforms. Bangladesh Reform Watch (BRW) was launched at a meet organised by the Citizens' Platform for SDGs in Dhaka on Monday, where the speakers...

Afghan earthquake kills 800, injures at least 2,800

One of Afghanistan's worst earthquakes killed more than 800 people and injured at least 2,800, authorities said on Monday, as helicopters ferried the wounded to hospital after they were plucked from the rubble of homes being combed for survivors, reports Reuters.The disaster is set to further stretch the resources of...

Steelmakers struggle amid demand slump

Steelmakers across Bangladesh struggle to keep afloat mainly for demand slump amid economic slowdown, political uncertainly and sluggish construction works especially in public sector, insiders say and seek remedies.They have said large-scale millers have substantially scaled down price as a means of survival with hope of rebound in future while...

Post-LDC graduation pressure among structural challenges for economy: Experts

Experts have identified five long-standing structural challenges facing Bangladesh's economy, cautioning that these could undermine the country's growth prospects.The five challenges are post-least developed country (LDC) graduation pressure, lack of diversification, inefficient trade facilitation, low investment, and weak global value-chain participation.These were disclosed at a roundtable titled "Path to Economic...