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

Storing valuable imports sans fire detection-protection system alleged

Storing huge imports that include combustible chemicals in Dhaka airport's cargo section sans effective fire-detection-and protection systems is what caused Saturday's devastating blaze, according to a fireman. Several counts of equipment of Rooppur Nuclear Power Plant were among the import cargos-worth millions dollars-got charred in the Hazrat Shahjalal International Airport...

Strike ends as CPA puts tariff hike on hold

CHATTOGRAM, Oct 19: Transport owners and workers at the Chattogram Port withdrew their strike on Sunday afternoon as the Chittagong Port Authority (CPA) agreed not to realise the recently hiked charges for the time being.CPA Secretary Mohammad Omar Faruk told The Financial Express the port authorities had held a meeting...

Banks must inform borrowers 30 days before loan write-offs

Commercial banks have to inform the borrowers at least 30 days before their loans being written off, a latest central-bank instruction says on a policy update. Bangladesh Bank, the country's central bank, issued the directive so that loan defaulters can avert the post-BLW (Bad/Loss-Write Off) consequences through taking measures to...

Many practitioners face regulatory limbo

Bangladesh's financial reporting and audit ecosystem is on the verge of serious disruption as the Financial Reporting Council (FRC) has yet to complete the enlistment and renewal process for auditors and audit firms, leaving many practitioners in regulatory limbo.Despite clear provisions under the Financial Reporting Act (FRA) 2015 and Auditor...

Korea eyes trade pact with Bangladesh amid investment hurdles

South Korea is pushing for early conclusion of a Comprehensive Economic Partnership Agreement (CEPA) with Bangladesh, as both countries seek to elevate a five-decade-long relationship to a new level of trade and investment cooperation.Speaking at a seminar on Korean investors' CSR activities at the Westin Dhaka on Sunday, South Korean...

Jamaat, allies announce nationwide protest over five-point demand

The Bangladesh Jamaat-e-Islami, along with like-minded parties, announced on Sunday a nationwide protest programme to press five demands, including introducing a Proportional Representation (PR) system in the next national elections.At a press conference held at the National Press Club in Dhaka, party leaders said protest marches and rallies will be...

Jamaat's PR Movement calculated political deception, says Nahid

Nahid Islam, Convener of National Citizens Party (NCP), has said the so-called 'PR Movement' launched by Jamaat-e-Islami was nothing but a 'calculated political deception', reports UNB."Now, the people of Bangladesh clearly understand this deception. They have awakened to the truth and will no longer be deceived by false reformists or...