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

All district-level govt depts under elected council

All district-level government offices should be placed under elected district councils and elections of all the local-government bodies held under a single schedule, the current reform commission recommends. Also proposed in a radical reform recipe for the outworn local-government system is the formation of city government in Dhaka and Chattagram...

Foreign banks easing credit lines for BD lenders

Foreign corresponding banks start easing line-of-credit tightening for their Bangladeshi counterparts as quick payment of overdue import bills following governance change pays off, officials and bankers say.Large international banks that typically act as correspondents for commercial banks here had squeezed limit of their lines of funds for the Bangladeshi banks...

Building BD as $1.0t economic powerhouse main target

Bangladesh Nationalist Party cherishes a vision of transforming Bangladesh into a US$1.0-trillion economic powerhouse through serious liberalisation, deep financial reform and a youth-driven investment model, if in government next time.Amir Khosru Mahmud Chowdhury, a senior BNP leader and former commerce minister, sets forth the party's cardinal goals while election-timing and...

Hire more Bangladeshi women peacekeepers

Chief Adviser Professor Muhammad Yunus on Sunday urged the United Nations to hire more women peacekeepers from Bangladesh as he reaffirmed Bangladesh's unwavering commitment to international peace-keeping and security efforts.The chief adviser made the call when UN Under-Secretary-General for Peace Operations Jean-Pierre Lacroix met him at the State Guest House...

Overdue payments down 30pc in three months

Government payment backlog to privately-owned furnace oil-fired power plants declined to around Tk 70 billion, or by 30 per cent, from Tk 100 billion over the past three months since January, market insiders said.Less-than-expected electricity purchases by the state-run Bangladesh Power Development Board (BPDB) from high sulphur fuel oil- (HSFO)...

Court freezes 70 bank accounts of Nasrul Hamid, allowing ACC plea

A special court in Dhaka on Sunday ordered freezing 70 bank accounts of Nasrul Hamid Bipu, former state minister for power and energy, allowing an application filed by the Anti-Corruption Commission (ACC).The court also ordered the confiscation of the former Awami League lawmaker's three Toyota Land Cruiser cars and four...