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

BB to start assessing quality of banks' assets next month

Bangladesh Bank is set to start assessing the quality of banks' assets next month to know the overall situation of the sector, in a prelude to comprehensive reforms."We may start the assessment phase from November," BB Governor Dr Ahsan H. Mansur told a press conference at the office of the...

BCL banned as terrorist organisation

Bangladesh Chhatra League, the student wing of Bangladesh Awami League, has been banned on charges of "killings and destructive and terrorist acts", in the first major action following the AL government's fall.To this effect, the Public Security Division of the Home Ministry of the current interim government issued Wednesday a...

Employees demand arrears occupying main office

Synovia Pharma, previously known as Sanofi Bangladesh, is in a troubled state as its distribution network has severely been affected due to the recent row by 300 employees, who are demanding arrears of last 32 months.The workers occupied the company's main office, pushing top officials of the medicine manufacturing firm...

54 arrested as students clash with police, army

Fifty-four students were arrested after a group of them staged demonstration inside Bangladesh Secretariat on Wednesday seeking revaluation of their Higher Secondary Certificate (HSC) examination results.Several students as well as bystanders were injured as the demonstrators clashed with the law enforcing agencies, including the police and the army.Witnesses said the...

Govt drafts 5th HPNSP involving Tk 1.06t

The Ministry of Health and Family Welfare has drafted the fifth phase of the Health, Population and Nutrition Sector Programme (5th HPNSP) at an estimated cost of over Tk1.06 trillion, aiming the highest attainable level of health for all.The government will provide Tk 806.85 billion from its exchequer, and another...

President's resignation political issue, not constitutional: Adviser

Amid crosscurrents of moves over the presidency, BNP Wednesday said the party did not want a constitutional crisis that may crop up in the country through removal of President Shahabuddin.On the other hand, talking to reporters at the secretariat, information adviser of the interim government Nahid Islam said president's resignation...

Hard terms binding $3.0b package unpalatable

A fresh package of US$3.0-billion International Monetary Fund (IMF) lending to Bangladesh is fraught harder terms, particularly on power sector, which may make its receipt uncertain, officials say.The visiting Bangladesh delegation to the World Bank-IMF annual meeting is set to sit with IMF's senior executives and request relaxing the conditions...