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

Govt revenue receipts far off its lofty target

Government revenue receipts remain far off an 'ambitious' target set for the current financial year (FY) as the collection in July-November period missed the mark by Tk 95 billion. By official count, the tax-revenue collection in the first five months of the current fiscal year (FY), 2017-18, however, marked a...

Central bank starts blocking funds from errant banks’ current accounts

The central bank has started blocking funds from the banks' current accounts for not complying with the advance-deposit ratio (ADR) rules in the recent months, officials said.It has already blocked Tk 760 million from the accounts of two third-generation private commercial banks (PCBs). The banks mainly maintain their current accounts...

Dhaka, Ankara sign two MoUs to boost bilateral cooperation

Visiting Turkish Prime Minister Binali Yildirim on Tuesday expressed his country's intention to further improve the existing strong trade and economic relations with Bangladesh, report agencies.He also assured of continuing its support to Rohingyas living in Bangladesh.Turkish Prime Minister will visit Rohingya Refugee camps in Cox's Bazar today (Wednesday) to...

BB removes Farmers Bank MD

Bangladesh Bank (BB) removed Tuesday Farmers Bank Managing Director (MD) and Chief Executive Officer (CEO) AKM Shameem for his alleged failure to maintain the allowable ADR limit and stick to embargo imposed by it on loan disbursement."We've removed the Farmers Bank's MD and barred him from taking employment directly or...

Govt fixes price ceiling of heart valves, pacemakers

The government has fixed the maximum price ceiling of artificial heart valves and pacemakers to ensure discipline in the country's cardiac device market.According to new pricing, artificial heart valves will cost between Tk 55,000 and Tk 2,50,000 each, while pacemakers will cost between Tk 65,000 and Tk 10,00,000 each depending...

Victim’s brother files case: Probe bodies formed

CHITTAGONG, Dec 19 (Agencies): A case has been filed in connection with the death of 10 people in a stampede during the qulkhwani of late former Chittagong City Corporation Mayor ABM Mohiuddin Chowdhury.Arun Das, brother of deceased Jhantu Das, filed the unnatural death case with Chawkbazar Police Station on Monday...

Birth, death reg fees come down

The government has cut the cost of registering births and deaths for Bangladeshi citizens by 75 per cent. The Local Government Division issued Monday a notice revising the rules for registering births and deaths. The births and deaths of Bangladeshis living abroad can also be registered through their appropriate embassies....