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

Help struggling businesses with policy concessions promptly, slash NPLs

Bankers are now given until next March to downsize the classified-loan buildups in the banking sector below 25 per cent through prompt delivery of government policy concessions for struggling businesses.The central bank made the directive to top executives in the country's all commercial banks for such time-bound action at a...

Coming polls crucial to democracy

Bangladesh's upcoming national elections will be crucial in strengthening democratic institutions by ballot, European Union's election-observation team says in its firsthand situation analysis.The preview came Sunday after the continental bloc formally deployed a full-scale mission to monitor the post-uprising polls, scheduled for February 12.Its chief met with the chief adviser...

Policy gaps stifle packaging export potential

Bangladesh is failing to capitalise on vast opportunities in the global packaging market, estimated at around US$700 billion, due to inadequate policy support and absence of export incentives, industry leaders have said.Despite strong manufacturing capacity and growing global demand, the sector remains constrained by regulatory and fiscal barriers that limit...

ASYCUDA World links RMG bond management system

Garment industry's bond management is integrated with the ASYCUDA World system that expedites customs clearance for external trade and transport operations in a see-through manner.Officials have said the National Board of Revenue (NBR) has linked the Bangladesh Garment Manufacturers and Exporters Association's (BGMEA) electronic Utilisation Declaration (e-UD) platform with the...

Power Division seeks Tk 24.48b in urgent subsidy

The Power Division has urgently sought Tk 24.48 billion in subsidies against tariff deficit as letter of credit (LC) complexities are disrupting coal and fuel imports, say sources.It recently requested the finance ministry in favour of the Bangladesh Power Development Board (BPDB) to take necessary measures in this regard in...

UAE president pardons 25 convicted BD citizens

The president of the United Arab Emirates, Sheikh Mohamed bin Zayed Al Nahyan, has pardoned 25 Bangladeshi citizens who were previously convicted by courts in the UAE, following a formal request from the government of Bangladesh.The clemency was granted to Bangladeshi nationals who had been arrested in the UAE in...