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

MoUs with India await review

A slew of memoranda of understanding signed with India during the past government, which include a latest one on rail transit, await a review. Dhaka will also make a move for extradition of deposed prime minister Sheikh Hasina--staying in India on self-exile and faces numerous cases back at home--if court...

Doctors postpone strike for 24 hours

The agitating doctors of public and private hospitals have postponed their wildcat strike for 24 hours till 8:00pm today on assurance that the attackers on them would be arrested within the period.Dr Abdul Ahad, a resident surgeon of Dhaka Medical College Hospital (DMCH), announced the strike suspension after a meeting...

Export-oriented units to get loan for employee salaries

Bangladesh Bank (BB) on Sunday announced that it would allow loan facilities to export-oriented units for the payment of employee salaries. These units have been facing difficulties due to the recent domestic political situation and the global economic environment.As a result, many industrial units have struggled to pay their employees....

IMF may lend $3.0b more

International Monetary Fund (IMF) officials were found positive about a Bangladesh proposal seeking US$3.0 billion more in budget support in addition to the ongoing loan package, said the Finance and Commerce Adviser. "The IMF wanted to know about the interim government's plans on reforms under the existing loan programme," Dr...

Remittances rise 39pc to $2.22b in Aug

Bangladesh received $2.22 billion in remittances in August, in a year-on-year rise by 39 per cent, according to the latest monthly data that bring some solace about forex reserves.With the higher remittance inflow, as per the statistics Bangladesh Bank (BB) released Sunday, the country's foreign-exchange reserves increased a bit to...

Big-deal Tk 15.52b loan for Orion solar project blocked

Everything was set to approve a loan worth Tk 15.52 billion for Orion solar-power project bypassing certain conditions, including the single-borrower exposure limit. But following the change of government through student-people uprising the Financial Institution Division of the Ministry of Finance refused to give the approval at the last moment,...

FSIB board reconstituted

Bangladesh Bank (BB) has dissolved the board of First Security Islami Bank and reconstituted it appointing Md Abdul Mannan, former managing director of Islami Bank Bangladesh Ltd (IBBL), as the chairman of the new board. The central bank on Sunday issued the instruction stating that the banking regulator reconstituted the...

BSEC forms body to probe irregularities

The securities regulator has formed a five-member committee to investigate irregularities in the stock market, including allegations concerning the issuance of Beximco Green Sukuk Bond and IFIC Granted Sreepur Township Green Zero Coupon Bond.The panel will also investigate the process of selection of Bashundhara Group's ABG Ltd as the strategic...