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

NPLs soar 34pc to reach record high at Tk 993.7b

The amount of classified loans in the country's banking sector reached an all-time high of nearly Tk 1.0 trillion in September ahead of the upcoming national election. The volume of non-performing loans (NPLs) jumped by nearly 34 per cent or Tk 250.67 billion to Tk 993.70 billion as on September...

Police recover body of baby boy, arrest father in city tragedy

The police recovered on Wednesday the body of a baby boy from inside a house in the capital's Bangla Motor area and arrested the 'drug addict' father of the victim.The boy named Safayet was two and a half years old.The law enforcers, however, could rescue unhurt the victim's brother Surayet,...

BD to sue both NY Fed, RCBC: Muhith

Dhaka will sue the Federal Reserve Bank of New York alongside the Rizal Commercial Banking Corporation (RCBC) of the Philippines to recover its stolen reserve funds.The case will be filed before January 15 in New York and the central bank is working hard on it.The case will be filed against...

Dr Kamal Hossain speaking to newsmen

Dr Kamal Hossain speaking to newsmen after inaugurating the new office of Jatiya Oikya Front at Purana Paltan in the city on Wednesday -FE photo

Viqarunnisa sacks Principal, two other teachers

The Viqarunnisa Noon School and College has sacked its Acting Principal Nazneen Ferdous and two other teachers following two days of protests surrounding the death of a student, reports bdnews24.com.The two other teachers are morning shift in-charge Zinat Akhtar and class teacher Hasna Hena.The institution's governing body took the decision...

AL, BNP leaders seek to ensure peaceful polls

Leaders from both the ruling Awami League and the main opposition BNP expressed on Wednesday their firm commitment to play due role so that the upcoming general elections can be held in a peaceful manner.They also noted that democracy cannot be institutionalised in a country if it does not have...

Khaleda, 542 others challenge nomination cancellation

The lawyers of BNP chairperson Khaleda Zia filed Wednesday appeals with the Election Commission (EC) against rejection of her nomination papers of three constituencies, reports UNB.On behalf of Khaleda Zia, Barrister Kaisar Kamal submitted the appeal for Feni-1 constituency while Barrister Nowshad Jamin for Bogura-6 and Advocate Masud Ahmed Talukder...

Fire safety rules remain stalled four years after formulation

The Fire Prevention and Protection Rules 2014 still remains stalled even four years into its formulation due mainly to bureaucratic tangle, officials said.The government framed a set of rules in 2014 but put them on hold in January 2015 following objections from stakeholders, especially apparel leaders, they added.They opposed provisions...

News Watch- (06-12-2018)

Govt to sign deal on city’s underground power network The government is set to sign a consultancy service contract with Australia-based company Energytron for feasibility study on replacement of existing overhead lines with underground distribution network of DPDC. Energytron Australia will conduct the feasibility study to replace the existing overhead...