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

Remittance inflow soars 17pc to $14.98b in last fiscal year

The inflow of remittance jumped by more than 17 per cent or US$ 2.21 billion in the just-concluded fiscal year (FY), 2017-18, following higher fuel oil prices in the global market, officials said.The flow of inward remittance rose to $14.98 billion in FY 2017-18 from $12.77 billion a year ago,...

Police foil quota reform seekers’ rally at JPC

Police dispersed on Tuesday university teachers, guardians and activists of different left-leaning political parties as they tried to gather at the Jatiya Press Club to hold a rally protesting the attacks on the leaders and activists of the quota reform movement. The leaders and activists of the Bangladesh General Students'...

NBFIs to cut lending rates to single-digit

The country's non-banking financial institutions (NBFIs) have agreed to lower the interest rates on lending to single-digit from the existing level shortly.The commitment was made at a meeting held at the Bangladesh Bank (BB) headquarters in Dhaka on Tuesday with BB Governor Fazle Kabir in the chair.The managing directors and...

About 40pc govt servants yet to get June’s salaries

A significant number of government officials and employees have not yet received their salaries for the month of June last because they made mistakes in submitting pay bills under a new classification system.The problem arose due to lack of familiarity on the part of beneficiaries with the new system. The...

Malaysian cops arrest Najib in anti-graft probe

Former Malaysian prime minister Najib Razak has been arrested by anti-corruption authorities and is due to be charged on Wednesday, report agencies.Mr Najib, who has long been plagued by allegations of corruption, has been accused of pocketing $700m (£517m) from state development fund 1MDB.Billions of dollars are unaccounted for from...

Landslides claim four lives in Bandarban

BANDARBAN, July 03 (UNB): At least four people, including three members of a family, were killed in two incidents of landslide triggered by incessant rain in Sadar and Lama upazilas on Tuesday.In Lama upazila, three of a family-Md Hanif, 30, his wife Rejina Begum, 21, and their family member Hanifa...

News Watch (4-7-2018)

‘Drug trader’ dies in ‘gunfight’MYMENSINGH, July 03: A suspected drug trader was killed in a reported gunfight with members of Detective Branch (DB) of police in the Shambhuganj area of Sadar upazila early Tuesday. The deceased was identified as Bacchu alias Bhebel Bacchu. — UNB Two workers go missing while...