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

Arrest warrant issued against deposed PM Hasina

The International Crimes Tribunal (ICT) Thursday issued a warrant for arrest of deposed Prime Minister Sheikh Hasina, who fled the country amidst the August-5th uprising, on a slew of charges that include genocide. Her Awami League party general secretary Obaidul Quader, also a minister in her cabinet, is among 45...

BB governor for more mobile financial service providers

Bangladesh Bank governor Dr Ahsan H Mansur on Thursday emphasised the need for more major players in the mobile financial service (MFS) sector to increase users and serve the unbanked population.Addressing an event at a city hotel, he highlights that only one major player, bKash, is currently dominating the market.Relying...

Govt forms 4 new reform commissions

The government on Thursday formed new commissions on media, labour rights, health and women affairs.Senior journalist Kamal Ahmed will head the reform commission on media. Dr AK Azad will head the commission on health, Syed Sultan Uddin Ahmed will head the commission on labour rights and Shirin Pravin Huq will...

Banks free to remit payments abroad

Banks now get a free hand to remit various payments abroad sans prior approval from the central bank as the banking regulator relaxes the foreign- exchange rules.The Bangladesh Bank issued Thursday three notifications to this effect on hopes for a boost in inward remittance by way of gaining confidence of...

Seven crisis-ridden banks given Tk 40b as liquidity support

A feel-good situation begins for liquidity-strapped banks as seven of the crisis-ridden commercial lenders so far secured guaranteed cash supports of over Tk 40 billion, sources said.In fact, the approved cash support under the Bangladesh Bank's liquidity-support guarantee programme is too little to meet their growing local-currency obligations. But an...

NBR suspends three senior officials

The National Board of Revenue (NBR) has suspended three senior officials from the income tax department due to alleged procedural irregularities related to S. Alam's tax files.The officials are Additional Commissioner of Taxes Syful Alam, Joint Commissioner of Taxes AKM Shamsuzzaman, and Assistant Commissioner of Taxes Md Aminul Islam.NBR Chairman...

DMP traffic department hangs such a banner (circled) on main streets in the capital

DMP traffic department hangs such a banner (circled) on main streets in the capital with an eye to keeping rickshaws off-limits to thoroughfares. The snap was shot in Shahbagh area on Thursday. — FE Photo by Shafiqul Alam