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

Discord between sponsor, regulators holds back bond launch, benefits

Umpteen differences of opinion between the Asian Development Bank and the Bangladeshi financial-sector regulatory agencies delay the launch of ADB-sponsored taka-denominated bonds for both local and global subscriptions, officials say.The Manila-based lender plans to introduce the local-currency bonds first on the domestic market and later for overseas subscription.Back in December...

Sweeping austerity reinforced in public spending

Procurement of all types of vehicles is suspended, foreign tours using public funds barred and spending on new building construction restricted during this fiscal year under a fresh government austerity course.Finance Division issued Wednesday a notification to this effect, stating that the decisions have been taken to "ensure the proper...

World Shipping Council asks CPA to change rule

The World Shipping Council (WSC) has urged the Chittagong Port Authority (CPA) to abolish its long-standing practice of requiring departing vessels to load unmanifested empty containers at short notice.It also warned that the policy compromises vessel safety, breaches international compliance standards and exposes shipping lines to sanctions risks, sources said.In...

Depositors of five troubled banks to get full money with interest: Khosru

Finance Minister Amir Khosru Mahmud Chowdhury on Wednesday assured that depositors of the country's troubled five banks will receive their money back in full, along with interest, and categorically ruled out any "haircut" on deposits, reports UNB.Responding to a notice from BNP reserved-seat MP Rahana Akter Ranu, he acknowledged the...

Ukhiya Rohingya camp landslide claims eight lives

Rescue workers and local residents search through mud after a rain-triggered landslide kills eight madrasah students at a Rohingya camp in Ukhiya, Cox's Bazar, on Wednesday. — Focus Bangla At least eight people have been killed after heavy rain triggered a landslide at a Rohingya refugee camp in Cox's Bazar's...

Profitable SOEs, MNCs may offload shares

Prime Minister Tarique Rahman has unveiled a multipronged reform agenda to restore stability on the stock market, rebuild investor confidence and bring to justice the share scammers responsible for rendering investors financially ruined.In reply to a written question during PM's question hour in the 21st sitting of the second and...

Rohingya return is a complex issue

Prime Minister Tarique Rahman has described Rohingya repatriation as an extremely complex, sensitive and multidimensional international issue as its progress depends largely on the security situation in Myanmar's Rakhine State, sustained international pressure and, above all, willingness of the Myanmar authorities.The prime minister made the remarks Wednesday in written reply...

Govt steps up campaign on tech-driven agriculture

Prime Minister Tarique Rahman on Wednesday said the government is implementing a series of initiatives to transform the country's agriculture into a technology-driven, profitable and sustainable sector through research, modern technology and mechanisation.Replying to a question from Kishoreganj-3 lawmaker Md Abul Kalam during the question-and-answer session at the Jatiya Sangsad,...

Tk 860b plan drawn up on military modernisation

The government has adopted a 10-year defence-modernisation plan requiring an estimated Tk 860 billion to bolster capabilities of the armed forces and ensure Bangladesh's sovereignty, territorial integrity and national security, says Prime Minister Tarique Rahman.Responding to a written question from Netrakona-5 lawmaker Masum Mostafa during the current budget session of...