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

Household debt makes up half of non-banks' total portfolio

Non-banking players' household debt, including mortgage loans, accounts for half of the total loan portfolio, which somehow makes the sector vulnerable to shocks, an official report has said. The non-bank depository corporations (NBDCs), known as non-banking financial institutions, Ansar-VDP Unnayan Bank, and Karma Sangsthan Bank, provided the loans between 2014...

Govt cuts tax, duty on ATM, CCTV parts

The government has offered tax and duty benefits on import of various parts for producing and assembling ATM machine and CCTV camera in the Hi-tech Park at Kaliakoir in Gazipur.Customs Duties (CD) on import of parts have been reduced to 1.0 per cent and 10 per cent from the existing...

Root out graft, drug abuse, militancy

Prime Minister Sheikh Hasina asked on Sunday the home ministry to work with greater attention to root out drug abuse, terrorism, militancy and corruption from the country as that is the necessity of time, reports UNB."If we want to develop the country, we've to free it from drug abuse, terrorism,...

'Riverine tourism' potentials wither

The potential of "riverine tourism" is tapering off due to the negligence of the authorities including the relevant ministry, industry insiders say. The absence of inter-ministerial coordination, bureaucratic red tape, and the attitude of different ministries are seen as major deterrents to developing this segment of the tourism sector. Bangladesh...

BB to lodge case in US this month: Kamal

Finance Minister A H M Mostafa Kamal said on Sunday the central bank will file a lawsuit with a New York (NY) court within this month to recover the money, stolen a couple years bank from the country's reserve held with the Federal Reserve Bank of New York (NY Fed).The...

HC seeks explanation on gas distribution price hike

The High Court (HC) Division of the Supreme Court issued on Sunday a rule seeking an explanation as to why the decision of the Bangladesh Energy Regulatory Commission (BERC) to raise the prices of gas production, transmission and distribution will not be declared illegal, reports UNB.The BERC, its chairman, Power,...

A schoolboy

A schoolboy, wearing helmet, riding pillion on his father's motorbike to go to his school. The photo was taken in Luxmibazar area in the city on Sunday — FE photo

News Watch- (21-1-2019)

Coaching centres to be closed from Jan 27 for SSC examsEducation Minister Dipu Moni said coaching centres must be closed from January 27, a week before the start of the Secondary School Certificate (SSC) exams until the tests come to an end. She made the announcement to reporters following a...