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

UN chief supports Bangladesh reforms, slates Rohingya aid cuts

United Nations Secretary-General Antonio Guterres extended unqualified support to the reform process initiated by Bangladesh's interim government and offered to do whatever they can for the country's real transformation. He deplored declining humanitarian aid for over a million Rohingya refugees sheltered in the country's southeast frontier area, and pledged efforts...

Guterres for global solidarity to end Rohingya crisis

COX'S BAZAR, March 14 (BSS): United Nations Secretary-General Antonio Guterres on Friday urged international community to show solidarity through action and concrete support for the Rohingya people and their Bangladeshi host communities."In this holy month of Ramadan, I appeal to the international community to show that solidarity through action and...

ADB lending $500m bailout for BD banks

Bangladesh's interim government hopes to get a US$500-million bailout package from the ADB for the banking sector as some banks seemed in disarray following past forged lending and NPL buildups.The government has already completed negotiations with the Asian Development Bank (ADB) for the policy-support loan and it is expecting the...

BB to borrow 2.2b in Chinese Yuan from AIIB

Bangladesh bids to borrow variable-spread credits worth 2.2 billion RMB, equivalent to Tk 36.96 billion, from the Asian Infrastructure Investment Bank (AIIB) to ensure fund flow in Cottage, Micro, Small, and Medium Enterprises (CMSME) sector.The central bank will implement a project namely 'Sustainable Development for CMSME' with the funds that...

Cybersecurity, foreign interference key risks in banking sector

The National Security Intelligence (NSI) has identified some internal and external risks for the country's central bank and the overall banking sector, sources said. "Although efforts are on from the central bank to restore discipline in the banking sector, some risks of disrupting such a positive move remain at both...

Call-money market not hot as usual for fund switch

Interbank call-money market has yet to get vibrant even amid Ramadan business binge despite various regulatory moves as affluent banks' trust deficit over their peers prompt their surplus fund switch into low-yield standing deposit facility (SDF).Because of the latest switch of the surplus funds of the well-off commercial banks, the...