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

Blame-ridden RAJUK up for overhaul

Blame-ridden RAJUK is now up for restructuring as the interim government's cabinet endorses an ordinance for a sweeping overhaul of the capital-development authority, amidst latest spell of criticisms about building construction following a moderate earthquake. The Council of Advisers in its meeting Thursday approved draft versions of four major ordinances,...

Six tycoons shortlisted for siphoned-off asset recovery rapidly

The Bangladesh Bank has shortlisted six tycoons and decided to speed up probe and disposal of cases against them over the laundered money siphoned off to several countries.Investigators name the suspect conglomerates like NASSA, Beximco, Saifuzzaman, Sikder Group, S. Alam and Orion.On Wednesday, the central bank released NPL data that...

Condemned convict Hasina gets 21 years in prison

Deposed Prime Minister Sheikh Hasina, already carrying death sentence, is now sentenced to 21 years' imprisonment in three corruption cases over alleged abuse of power in acquiring plots at RAJUK's Purbachal New Town Project.Her daughter Saima Wazed Putul and son Sajeeb Wazed Joy are each sentenced to five years in...

High interest, weak investment to blame: Experts

Bangladesh's economy is trapped in a difficult-to-break vicious cycle of high interest rates, persistent inflation, weak investment, and slowing gross domestic product (GDP) growth, making it increasingly challenging to revive private-sector activities, experts say.They note that the financial sector is passing its toughest phase with non-performing loans (NPLs) rising to...

Long-awaited 700 MHz spectrum auction on Jan 14

The government has fixed January 14 next year for the auction of the long-awaited 700 MHz spectrum, signalling a decisive move towards releasing a band that has been locked in legal and regulatory disputes for nearly two decades.The date was formally announced in the Instructions for Radio Frequency Auction 2026,...

Central bank to rationalise pay as Islamic banks merge

Bangladesh Bank (BB) plans to rationalise the salary structures of employees at the five struggling Islamic banks set for merger, as part of efforts to reduce their administrative costs.Speaking to reporters, BB assistant spokesperson Mohammad Shahriar Siddiqui said the five banks will be consolidated into the country's largest Islamic bank,...

Banking sector under elevated stress amid politico-economic volatility

Bangladesh's banking sector faces elevated asset-quality stress amid economic and political volatility, says global rating-agency S&P and pinpoints the spots of vulnerabilities."Weak consumption and investment, coupled with structural reforms under the IMF program, have exposed deep-rooted fragilities in Bangladesh's banking system, particularly the scale of stressed assets. This indicates economic...

Depression deepens over Bay of Bengal

The Bangladesh Meteorological Department (BMD) has said the low-pressure system over the southwest Bay of Bengal and adjoining Sri Lanka coast has intensified into a deep depression, reports bdnews24.comAll four maritime ports in the country have been advised to raise distant cautionary signal No.1. The BMD has also advised fishing...