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

HC stays spl privileges to bank loan defaulters

The High Court stayed Tuesday a special policy guideline of Bangladesh Bank, which offered loan rescheduling and "one time exit" facilities to defaulters, until June 23 next.The central bank issued the guideline on May 16, allowing the borrowers to reschedule their defaulted loans making a 2.0 per cent down payment...

Rohingya camps to be fenced off with barbed-wire

The government has taken a fresh move to erect barbed-wire fencing around the Rohingya camps in Cox's Bazar to prevent the refugees from indulging in criminal activities and check human tafficking.Senior officials of the home ministry told the FE on Tuesday that the necessity of fencing emerged in the wake...

Petrobangla drops plan to launch bidding

State-owned Petrobangla has now shelved its plan to launch a bidding round for hydrocarbon exploration in the country's untapped offshore blocks.The oil and gas corporation has decided to defer the planned bidding round at least for a year. A multi-client seismic survey was supposed to be conducted by TGS-Schlumberger, the...

Govt endorses Tk 2.02t ADP for FY 20

The government has approved a Tk 2.02-trillion Annual Development Programme (ADP) for the next fiscal year (FY), 2019-20, which is 21 per cent higher than the allocation for the current FY.Presided over by Prime Minister (PM) Sheikh Hasina, a meeting of the National Economic Council (NEC), held in Dhaka on...

An Eid shopper

An Eid shopper squeezing through a small opening in the fence on the road divider at Panthapath in the city on Tuesday despite an overbridge nearby — FE photo by Shafiqul Alam

Scrap gain tax on life bonus: BIA

The Bangladesh Insurance Association (BIA) suggested on Tuesday that gain tax on life policy bonus be scrapped immediately for faster insurance growth in the country.Insurance penetration in terms of the GDP (gross domestic product) remains less than 1.0 per cent now.The group of 76 life and non-life private insurers said...

News Watch (22-05-2019)

Probe report in BBreserve heist caseon July 02 A Dhaka court set on Tuesday July 02 to submit probe report on the case lodged over Bangladesh Bank (BB) reserve heist that took place in 2016. Dhaka Metropolitan Magistrate Sadbir Yasir Ahsan Chowdhury set the date as the investigation agency CID...