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

Classified bank loans balloon fast to a record high

Classified loans in Bangladesh's banking industry made a quantum leap by around Tk 750 billion in just three months to a record high as of March, stoking concerns across the sector.With such leaps in the volume of non-performing loans (NPLs), the aggregate hit Tk 4.20 trillion by the end of...

Five Islamic banks to merge in months

Five private Islamic banks are on the verge of being consolidated into a single entity as part of sweeping reforms aimed at stabilising Bangladesh's banking sector.Governor of the Bangladesh Bank (BB) Dr Ahsan H Mansur made the announcement at a press conference on Sunday, assuring stakeholders that no employees would...

Govt plans to open hotlines for Bangladeshis in Iran, Iraq

The government is planning to open helplines for Bangladeshis living in Iran and Iraq in its missions in case the ongoing conflict between Iran and Iraq escalates further, concerned officials of the foreign ministry told the FE on Sunday.The decision may come up by Monday, an official said, adding that...

Economy poised on higher trajectory of pickup

Bangladesh's economy recorded a stronger performance in May as the country's purchasing managers' index (PMI) climbed to 58.9-up six points from April by official count.The PMI rise indicates a faster pace of economic expansion across key sectors, in a rebound from certain recent upsets, economists say in their interpretation of...

Tk 80b SPM idle as BPC delays contractor hire

The country's maiden single-point mooring (SPM) project faces further delays in starting formal operations as the authorities continue to defer the process of selecting a contractor for operations and maintenance (O&M), sources said.The Tk 80 billion energy infrastructure has remained idle for nearly a year despite successful commissioning in April...

Israel, Iran trade strikes for 3rd day as nuclear talks called off

DUBAI, June 15 (AP): Israel unleashed airstrikes across Iran for a third day on Sunday and threatened even greater force as some Iranian missiles evaded Israeli air defenses to strike buildings in the heart of the country. Planned talks on Iran's nuclear program, which could provide an off-ramp, were canceled.The...

EU urges 'restraint' as Erdogan sees war devastating

BRUSSELS, Belgium, June 15 (AFP): The European Union on Saturday voiced "deepest concern" at the escalation of conflict between Iran and Israel, calling for restraint to avoid dangers such as a leak of radioactive material.Their statement came as Israel targeted Iran's air defence capabilities Saturday, following the deadly strikes it...