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

Scam-hit Janata Bank seeks Tk 200b urgent bailout

Hit by alleged big-business lending scams, the state-owned Janata Bank has sought some Tk 200 billion in an urgent bailout as its capital base plummeted into negative territory, sources said. Bankers and sources in the banking circles said much of the bank money was taken by some big business groups...

Chief Adviser stresses tech expansion in CHT

Chief Adviser of the interim government Professor Muhammad Yunus has laid emphasis on the expansion of technology in the Chittagong Hill Tracts (CHT) to bridge the gap in communications."The hilly areas are inaccessible, hence communication is difficult. That's why there is a need for technology to expand. This distance can...

CA’s press wing trashes Indian online report on BD RMG

India.com's report published on Tuesday claiming that many global brands are now shifting their focus to Indian manufacturers from Bangladesh is misleading, Chief Adviser's Press Wing said on Wednesday, reports BSS."The article published in India.com claims many clothing brands are now shifting their focus to Indian manufacturers from Bangladesh to...

ADB approves $600m policy-based loan

A fast-delivery credit of US$600 million has been approved by the Asian Development Bank (ADB) for budget and reform supports to enable Bangladesh weather transitional economic impacts and boost forex reserves.The Board of the Manila-based lender endorsed Wednesday the assistance the disbursement of which is expected to be confirmed through...

Bank deposits drop nearly 1.0pc in Q1

Deposits in Bangladesh's banking sector dropped by nearly 1.0 per cent during the July-September 2024 period, the first quarter of the FY 25, compared to the preceding quarter, according to Bangladesh Bank statistics.The sector also saw loans and advances decrease by 0.87 percentage point during the same period.Total deposit liabilities...

Hasina’s trial in absentia conditional

Deposed Prime Minister Sheikh Hasina's trial can be done in absentia if India refuses to comply with an extradition request, says foreign special adviser to the International Crimes Tribunal (ICT) chief prosecutor.He expressed the opinion at a press briefing held on the ICT premises in Dhaka Wednesday after meetings with...

Note (2024-12-12)

The Financial Express has decided to bring out one-page 'Capital Market Highlights' from today (Thursday), comprising data of the secondary market, instead of the previous three-page one, to serve the investors better. As vast sets of data are already a few clicks away, we consider providing additional information to support...