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

Banking sector may need 5-10 yrs for NPL cleanup, says Mansur

The new bank born out of the merger of five severely liquidity-starved unconventional banks will be launched this week, Bangladesh Bank (BB) Governor Dr Ahsan H. Mansur informed Thursday, on an upbeat note about its strong start-up capital base.The process of launching the much-talked-about Sammilito Islami Bank begins today, incidentally...

Nation prays for critically-ill Khaleda Zia

Entire nation continues to pray for quick recovery of critically-ill BNP Chairperson Begum Khaleda Zia, a three-time prime minister of Bangladesh and a prime inspiration behind the July Uprising.Begum Zia was admitted to Evercare Hospital on the night of November 23 on advice of the medical board after doctors found...

‘Political realities prevent my return’

No objection to Tarique'sreturn: govtUrging all to continue praying for the recovery of his critically ill mother, Khaleda Zia, BNP Acting Chairman Tarique Rahman has said although he strongly wishes to return home and to be at her side, he is unable to do so freely because of the current...

Industrial growth slows as key sectors contract

Bangladesh's large industrial sector recorded a subdued performance in September, weighed down by contractions in major segments including clothing and textiles. The slowdown comes despite earlier signs of momentum at the start of the fiscal year.Large industries, which make up more than 11 per cent of the country's US$461 billion...

BNP to focus on vibrant capital market, if voted to power: Khosru

BNP standing committee member Amir Khosru Mahmud Chowdhury said on Saturday the party would put its focus on how to make the reeling capital market vibrant to lessen pressure on the banks if it is voted to power.The former commerce minister shared the party's priority pledges ahead of the upcoming...

Energy issues weigh heavy on private sector

The private sector is facing a deepening crisis as persistent gas shortages and repeated energy price hikes have slashed output up to a half in key industries, sparking concerns over economic growth, employment, and competitiveness of Bangladesh's manufacturing base, economists and industrialists warned.The caution came during a policy dissemination event...