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

IMF airs concern over soaring soured loans

The International Monetary Fund (IMF) has expressed concern over the rising trend in non-performing loans (NPLs) in the country's banking sector.The Washington-based lender also intended to learn about the banks' plan to downsize their volume of classified loans in the near future. The Fund's concern came at a meeting with...

BR moves to hire 20 Indian locomotives

Bangladesh Railway (BR) has taken an initiative to hire 20 locomotives from India to facilitate smooth train service across the country, as most of its engines have already become old and outdated.Although the state-owned train operator has a plan to procure locomotives, the new engines are unlikely to arrive in...

95 rail bridges in Dhaka-Sylhet section risky

SYLHET, June 26: As many as 95 bridges on the Dhaka-Sylhet railway section has been in dilapidated state for long.Trains on the Sylhet-Akhaura section, Dhaka-Sylhet and Sylhet-Chittagong routes run amid a risk. Almost all the bridges have turned risky as no major overhauling or reconstruction work was undertaken over the...

Dhaka lines up deal to get Aramco investment

Bangladesh is set to sign a memorandum of understanding (MoU) with Saudi Arabian oil behemoth Aramco on a multi-billion dollar investment in the power and energy sector, officials said.Aramco, the national petroleum and gas company, is one of the largest companies in the world by revenue of $ 356 billion....

Rohingya may be a threat to country's security: PM

Prime Minister Sheikh Hasina on Wednesday said the security and stability of Bangladesh could be hampered if the displaced Rohingya people cannot be repatriated soon, reports UNB."If we can't send them back soon, there's an apprehension that our security and stability will be at stake," she told Parliament while replying...

BR losses swell despite big rise in development allocation

The Bangladesh Railway (BR) has seen its year-on-year losses swelling over the last one decade despite a dramatic increase in the budgetary allocation for its development, insiders said on Wednesday.The losses have jumped 145 per cent in the last fiscal year (FY), compared to the losses incurred in FY 2010,...

Every district to come under rail network, says minister

Railway Minister Md Nurul Islam Sujan said on Wednesday the country's all districts would be brought under railway connectivity, reports BSS."At present, 44 districts of the country have been brought under railway network. Once the projects the Bangladesh Railway has already taken and will take soon are implemented, rail connectivity...

News Watch- (27-06-2019)

Relocation of chemical stores by 2022State Minister for Disaster Management and Relief Dr Md Enamur Rahman said all the chemicals warehouses in Old Dhaka will be relocated to Sirajdikhan upazila in Munshiganj by June, 2022. He came up with the announcement at the secretariat on Wednesday. — UNB Govt asks...