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

Low revenue-GDP ratio stokes worry

Bangladesh's lowly revenue-GDP ratio dipped further in the last financial year due mainly to economic downturn and sluggish business ambiance, coupled with unrest in the revenue-gathering entities.The development has stoked concern among the policymakers as the next IMF review mission is not far away.The revenue-to-GDP (gross domestic product) ratio dropped...

Teesta Bridge opens with economic boost in sight

GAIBANDHA, Aug 20: The Mawlana Bhashani Bridge built over the Teesta River in Sundarganj, Gaibandha, was inaugurated on Wednesday with the hopes of major changes in the economic activity in the country's northern regions and groundbreaking communication development between northern towns.The 1,490-metre-long and 9.6-metre-wide bridge has been constructed under a...

Combined combat launched against killer NCDs

Chief Adviser Professor Muhammad Yunus called for a coordinated national movement involving government, private sector and civil society against non-communicable diseases (NCDs) as a combined combat began against the menace which he termed the single-largest threat to Bangladesh's public health and socioeconomic development.He made the appeal Wednesday while speaking at...

Dhaka urges Delhi to end anti-BD acts from Indian soil

Dhaka urges Delhi to take immediate steps to 'ensure that no anti-Bangladesh activity is undertaken by any Bangladeshi national from the Indian soil and not to permit or support any such acts "in any manner".The Government of Bangladesh, in a letter Wednesday to the Government of India, also requested immediate...

State-sponsored financial crimes bode ills for Islamic banks

Islamic bankers Wednesday blamed organised state-sponsored financial crime for weakening Islamic banking in Bangladesh and suggested remedial measures for a rebound. "The growth of Islamic banks was weakened by state-sponsored financial crime," said Managing Director of Islami Bank Md Omar Faruk Khan, mentioning happenings in their precincts. He notes that...

Financial sector stability within 3-4 years: BB Governor

Bangladesh Bank Governor Ahsan H Mansur has said the country's financial sector is likely to recover from its current turmoil within the next three to four years, as a comprehensive reform plan has already been put in place.He also projected that Bangladesh will evolve into a significantly cashless society within...

Panel to probe viral video implicating BFIU chief

After daylong speculations over punitive action against Bangladesh Financial Intelligence Unit (BFIU) head AFM Shahinul Islam, the government finally formed a four-member team to fact-check a controversial viral video implicating him.The Financial Institutions Division (FID) under the Ministry of Finance made its additional secretary Md Sayeed Kutub convener of the...

Ctg city to recover 21 canals to address waterlogging

CHATTOGRAM, Aug 20: The Chattogram City Corporation (CCC) will excavate and recover 21 canals to solve the water-logging crisis of the city.Under CCC monitoring, a feasibility study has begun through a Dutch company to restore the canals, which are currently illegally occupied or filled in.Responding to CCC request, the Netherlands...