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

‘Govt should turn most SoBs into deposit banks’

The government should turn the state-owned banks (SoBs) into only deposit-receiving banks to stop loan concentration and prevent accumulation of non-performing loans (NPLs), a leading economist has said.At the same time, the government should rationalise the current protection regime for the domestic industries to make the local manufacturers more export-oriented,...

BB unveils H2 MPS today

The central bank is set to unveil its second half-yearly (H2) monetary policy statement (MPS) today (Wednesday) with a likely goal of achieving sustainable economic growth, putting a curb on inflation.Bangladesh Bank (BB) Governor Fazle Kabir will announce the MPS for the January-June period of this fiscal year (FY), 2018-19,...

BD slips four notches to become 13th most corrupt country

Bangladesh has slipped four notches from the bottom to rank the 13th most corrupt country of the world in the Corruption Perception Index (CPI) 2018, prepared by Berlin-based global watchdog Transparency International (TI).On a scale of 0-100, Bangladesh scored only 26, reflecting its poor performance in combating corruption. It shares...

Not acceptable, unless TIB tells of methodology

Anti-Corruption Commission (ACC) Chairman Iqbal Mahmood sought clarification from Transparency International Bangladesh (TIB) on Tuesday on its methodology in measuring corruption and specific reasons of increased graft."We always welcome such reports, but they (TIB) should clarify their methodology and specifically underline the causes of increasing corruption in the country, otherwise...

Omani firm starts supplying LNG

Oman Trading International (OTI), an Omani firm, started supplying liquefied natural gas (LNG) to Bangladesh from Monday, which will help meet the growing demand for gas in the country.A vessel carrying around 136,000 cubic metres of lean LNG reached Bangladesh's maiden operational floating LNG terminal at Moheshkhali island in the...

HC orders arrest of Jamuna Bank MD if he skips appearance

The High Court has ordered the arrest of Shafiqul Alam, managing director of Jamuna Bank, if he does not appear in court on February 12, reports bdnews24.com.Justice Mamnoon Rahman and Justice Ashish Ranjan Das passed the order for the chief of Motijheel Police Station on Tuesday to arrest the banker.Shafiqul...

Fire Service personnel recovering a brick-loaded truck

Fire Service personnel recovering a brick-loaded truck which fell into water near a brick kiln on Tuesday after its driver lost control over the vehicle at the Ashulia embankment off the city — FE photo

News Watch- (30-1-2019)

11th JS’s maiden session from todayThe maiden session of the 11th parliament begins today (Wednesday), within 31 days of the national election held on December 30. President Abdul Hamid convened the session on January 09 exercising his power bestowed upon him by Article 72 (1) of the Constitution. — UNB...