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

MCCI lists banking sector as a major risk to economy

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka has identified the present situation in the banking sector as one of the biggest risks to the economy and called for the central bank's strict vigilance to bring discipline in the sector. "The corruption-ridden banking sector is perhaps the biggest downside...

Krishnachura trees

Krishnachura trees, now in full bloom, have added colour to the beauty of the Hatirjheel, a popular recreational spot in the city. The photograph was taken on Monday — FE photo by KAZ Sumon

Poverty situation improves further

The country's poverty situation improved further between 2016 and 2018 but at slower pace among extreme poor households, according to final report of the Household Income and Expenditure Survey (HIES).The Bangladesh Bureau of Statistics (BBS) estimated that the poverty rate, among households belonging to upper 'poverty line', dropped to 21.8...

Govt borrowing from banks to pick up soon

The government's bank borrowing is set to pick up significantly in May following revenue target shortfall in recent months, officials and bankers said.Faster execution of Annual Development Programme (ADP) along with extra-pressure on festival bonus ahead of the Eid-ul-Fitr has forced the government to revise its auction calendar with keeping...

DB team due in city May 15-20

A team of the Asian Development Bank (ADB) is coming to Dhaka tomorrow (Wednesday) to assess its possible investment plan for the metro-rail line-5 project, officials said on Monday.The ADB's fact-finding mission will visit the country on May 15-20, they also said.The Manila-based lender has already assured Bangladesh of financing...

Sale of advance train ticket for Eid begins May 22

Bangladesh Railway will start selling advance train tickets on May 22 on the occasion of Eid-ul-Fitr, reports UNB.Railways secretary Md Mofazzal Hossain said the ticket sale will continue until May 26 while the sale of return tickets will begin on May 29 and continue until June 02.Tickets for May 31...

Footpath hawkers

Footpath hawkers displaying various products under the colourful umbrellas in New Market area of the city on Monday to ward off intense summer heat, as sales start gaining momentum ahead of Eid-ul Fitr — FE photo

News Watch (14-05-2019)

JS budget sessionbegins June 11The Jatiya Sangsad (JS) will go into the budget session for 2019-20 fiscal on June 11. President Md Abdul Hamid summoned on Monday the parliament session. The budget session, which will be the third session of the current 11th parliament, will begin at 5.00 pm on...