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

Inflation worry forces BB to continue tightfisted monetary management

The Bangladesh Bank (BB) continues to pursue contractionary monetary stance to manage inexorable inflation and financial constraints retaining the regulatory lending rate high at 10 per cent. Despite calls from businesses to lower the policy rate, the BB has retained the previous rate unchanged with a hope that inflation would...

BB's stance upsets DCCI

Dhaka Chamber of Commerce and Industry has expressed concern over the central bank's decision to maintain a contractionary monetary policy until June 2025, keeping the policy rate unchanged at 10 per cent.Terming the Bangladesh Bank's stance rigid for curbing inflation, the trade body said it would hamper private-sector credit growth...

NPLs in banks may cross 30pc by June

The non-performing loans in Bangladesh's banks may cross 30 per cent of the total outstanding loans by this financial year-end, the central bank predicts in a cautious half-yearly monetary policy it has crafted. Such predicted spurt in NPL buildup raises concerns for the banking industry that already sees the bad...

BB Order, Bank Company Act to be reviewed

The central bank is going to review both the Bangladesh Bank (BB) Order and the existing Bank Company Act to ensure corporate governance in the country's banking sector. "We will update and modernise the BB Order and the Bank Company Act in line with the global practices," Bangladesh Bank Governor...

Hundreds block Science Lab, Shahbagh

Several hundred demonstrators on Monday blocked the road stretching from Shahbagh intersection up to Science Laboratory in the capital demanding appointment as assistant primary teachers. However, following baton-charge and hot water splashing by police, registered job seekers from the 1st to 12th NTRCA (Non-Government Teachers' Registration and Certification Authority) batches...

AIIB to lend Bangladesh $400m

Bangladesh is getting US$400 million from the Asian Infrastructure Investment Bank (AIIB) as budget-support credit to finance policy actions for infrastructural development in climate-critical sectors, sources said.The agreed loan will be given under the AIIB's climate policy-based financing arrangement (CPBF) in a project titled 'Climate Resilient Inclusive Development Programme (Sub-programme...

Election roadmap after national consensus meet, CA tells party del

Chief Adviser of the interim government Dr Muhammad Yunus calls for post-uprising national reconciliation and says the election roadmap will be finalised through consultations with political parties.The CA's press secretary, Shafiqul Alam, quoted the head of interim government as making these statements Monday after the day's two meetings, the last...