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

Spl drive on for early recovery of Tk 380b

A synchronized special government drive is being launched for speedy settlement of top 100 cases of state-owned banks, insurance companies, financial institutions and regulatory bodies to recover some Tk 380 billion.Officials have said the Ministry of Finance has made the move as such cases have got stuck for years in...

Mrt-5 southern route project on backburner

Multi-donor-funded Dhaka metro-rail southern-route project is put on the backburner as the post-uprising government culled some previously conceived megaprojects under reset development priorities to make the most of scant resources, officials say. Put on hold is the proposed Dhaka Mass Rapid Transit Development Project (Line-5): Southern Route aimed at developing...

UK, Australia, Canada recognise Palestinian state

Britain, Canada and Australia all recognised a Palestinian state on Sunday in a move borne out of frustration over the Gaza war and intended to promote a two-state solution but which is also bound to anger Israel and its main ally, the United States, report agencies. Portugal was also to...

Business leaders, BNP emphasise deferment of LDC graduation for three years

Business leaders and BNP stalwarts emphasized deferment of Bangladesh's graduation from the LDC (least developed country) status for three years as the country and its business infrastructure are not ready yet."If we want to have the investment, trade and business uninterrupted in the future, then we have to suspend the...

Dhaka court orders seizure of $81m from Filipino bank

A Dhaka court has ordered the confiscation of US$81 million from the Philippines' Rizal Commercial Banking Corporation (RCBC) in connection with the Bangladesh Bank reserve heist in 2016, the Criminal Investigation Department (CID) of Bangladesh Police announced on Sunday.In February 2016, hackers stole $101 million from Bangladesh Bank's accounts with...

NBR to hand over 30 duty-free cars to govt

CHATTOGRAM, Sept 21: The National Board of Revenue (NBR) has decided to hand over 30 luxury vehicles, imported by former ministers and members of parliament (MPs) under duty-free facilities, to the government after two failed attempts to sell those at auction.Its Chairman Md Abdur Rahman Khan announced the decision on...

Attracting tech-savvy foreign firms must to drive economic growth: BB governor

FE REPORTAttracting techno-savvy foreign firms in greater numbers is a must-do to drive economic growth in this era, says Bangladesh Bank Governor Dr Ahsan H. Mansur and urges changing "narrow nationalistic mindset" in policymaking. In today's world, technology is driving business and modern economic growth while its relation with research...