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

Inflation worry forces BB to squeeze credits

The central bank unveiled Monday a new monetary policy that limits credit flow to check inflation and improve country's financial stability while promoting job-centric economic growth.Bangladesh Bank (BB) Governor Fazle Kabir announced the monetary policy statement (MPS) for the January-June period of the fiscal year (FY) 2017-18 at a press...

Muhith backs BB's policy of belt-tightening

Finance Minister AMA Muhith Monday backed the central bank's strategy to squeeze credit in its new monetary policy, saying it would help check increased fund flow ahead of the national election.Bangladesh Bank unveiled the monetary policy for January-June period at its headquarters Monday."Since this is an election year, there would...

Cabinet clears draft Digital Security Act

The cabinet has endorsed a draft of the Digital Security Act, which amends parts of the ICT Act, including the controversial Section 57, which was criticised for stifling freedom of expression, reports bdnews24.com.The draft incorporates issues addressed in the controversial Section 57 of the ICT Act in an elaborated way.The...

Supplier seeks to hike tariff as cement co sticks to terms of deal

State-run Jalalabad Gas Transmission and Distribution Systems Ltd (JGTDSL) has sought to increase the tariff of natural gas it makes available to LafargeHolcim Bangladesh Ltd for running its captive power plant.Arguing that the tariff rate is lower than the rate fixed by the country's energy regulator, the JGTDSL pointed out...

BB not against new banks, says governor

Bangladesh Bank (BB) is not against allowing new banks, but it would depend on the decision by its board of directors, the central bank governor said Monday."We are not making a u-turn regarding allowing of new banks. At the same time, we will scrutinise such proposals and place those before...

11 soldiers, four attackers die in Kabul army camp attack

KABUL, Jan 29 (XINHUA): Eleven army soldiers and four assailants were killed Monday after gunmen attacked an army camp in western Kabul, capital of Afghanistan, said the country's Defense Ministry.Some 16 Afghan army personnel were also wounded in the predawn attack claimed by the Islamic State (IS) group. The attack...

News Watch (30-01-2018)

PM visits Sylhet today on likely campaign trail SYLHET, Jan 29: Prime Minister and Awami League president Sheikh Hasina will visit Sylhet on Tuesday from where she is likely to start the campaign for next national polls and elections to five city corporations. She will visit the shrines of Hazrat...

Prayer Timings-(30-01-2018)

A poor woman is elated after receiving a blanket

A poor woman is elated after receiving a blanket during a winter-clothe-distribution programme at the Kamalapur Railway Station in the capital on Monday. — FE Photo by Shafiqul Alam