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

State-owned United Islami Bank on the anvil with merger of five

Administrative teams will be deployed in five troubled Shariah-based banks for their merger into a single state-owned bank under an overhaul recipe, in a much-anticipated intervention in Bangladesh's banking sector.The Bangladesh Bank board, in a special meeting Tuesday with Governor Dr Ahsan H. Mansur in the chair, made the crucial...

Govt tries to defer LDC graduation by 3 years: Secy

Now the government tries for deferment of Bangladesh's LDC graduation by three years, in the wake of strong pleas particularly from the business community afraid of losing export privileges at a bad time. Commerce Secretary Mahbubur Rahman spoke of the government move Tuesday, though he sees slim hope of change...

BB offers yet another rescheduling facility for troubled businesses

Bangladesh Bank has introduced a special loan-related policy support for firms whose business operations were disrupted prior to the July political transition.According to a circular issued Tuesday (September 16) by the central bank's Banking Regulations and Policy Department, affected businesses will be allowed to reschedule classified loans for up to...

Gaza burning as Israel launches ground assault

GAZA, Sept 16 (Reuters): Israel announced the start of its long-awaited ground operation into Gaza City on Tuesday, declaring "Gaza is burning".An Israeli military official said the Israeli Defence Forces had begun the main stage of their ground operation into Gaza City, the main urban centre in the enclave, where...

Project prepared for initially sending 0.1m workers to Japan

Bangladesh moves forward with package preparatory tasks for expanding manpower export to Japan, with some 100,000 workers in the first go. Officials say a project has been sent to Economic Relations Division (ERD) by the Ministry of Expatriate Welfare and Overseas Employment in this regard.The project, titled 'Providing training under...

BD counts $1.78b in lost productivity

Bangladesh counts US$1.78 billion in lost productivity in a year as rising temperatures ate up about 25 million working hours in 2024 through the heat impact on health, the World Bank reveals."The resulting economic losses are projected to be between $1.33 billion and $1.78 billion, which represents about 0.3 per...