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

Banks may be allowed to reschedule unpaid loans up to Tk 3.0 billion

Banks will be free to take decision on rescheduling of unpaid loans up to maximum Tk 3.0 billion on bank-client understanding.The regulator plans ceding part of the onus amid appeal buildups from businesses. Officials say the Bangladesh Bank (BB) plans to relieve pressure in dealing with mounting applications from struggling...

No power on earth can stop Feb polls: interim govt

Election to the 13th national parliament will invariably be held next February and full-fledged poll preparations are afoot, the interim government reaffirms on a note of warning against any subversives. "The election will be held in the first half of February, come what may. No power on earth can stop...

Intellectual Badruddin Umar no more, CA, others mourn

Prominent writer, researcher, and leftist intellectual Badruddin Umar Sunday passed away due to age-related complications at a city hospital at the age of 94, report agencies."Badruddin Umar passed away at Bangladesh Specialized Hospital at 10:05 am after a long struggle with age-related complications," stated Jatiya Mukti Council Secretary Foyzul Hakim.Chief...

Inflation eases to 8.29pc in Aug

The rate of inflation on a point-to-point basis eased moderately in August but increased slightly on a month-to-month basis.On a point-to-point basis, inflation in August fell to 8.29 per cent from 8.55 per cent in July, the Bangladesh Bureau of Statistics (BBS) said Sunday.On the other hand, inflation on a...

Cotton-yarn import up despite land-port ban

Bangladesh's clothing industries saw a surge in cotton-yarn import, even after the government imposed in April a ban on its shipment through land ports, as apparel makers eye oncoming export-demand rise. The restrictions were aimed at curbing revenue losses caused by alleged miss-declaration by importers, which, however, could do little...

This handout photograph taken and released by Ukrainian State Emergency Service on Sunday shows a fire

This handout photograph taken and released by Ukrainian State Emergency Service on Sunday shows a fire at the Ukrainian government building in Kyiv, following an overnight attack, amid the Russian invasion of Ukraine. Russia fired its biggest-ever aerial barrage at Ukraine early on the day, setting the seat of the...