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

Managements, depositors both get into panic

Managements and depositors both panicked following sudden changes to different banks' boards of directors, according to bankers. Newly elected Chairman of the Association of Bankers, Bangladesh (ABB) Syed Mahbubur Rahman sought policy support from the central bank for stemming such tide of changes. If changes are need, he pleaded, that...

BB plans cut in ADR as credit growth overshoots target

The central bank has planned to slash the limit of advance-deposit ratio (ADR) to help check any possible liquidity pressure on the market due to 'aggressive lending.'The ADR of all banks is likely to be re-fixed at 80.50 per cent for conventional banks and at 88 per cent for Sharia-based...

Dhaka floodplains shrink by 46pc in 18 years

The floodplains in Dhaka city reduced by 46 per cent in a period of 18 years between 2000 and 2017, an official at Rajdhani Unnayan Kartripakkha (Rajuk) said, analysing satellite images.The capital development authority attributed the reduction to filling up of the land allegedly by grabbers and private owners.Recently, it...

BAF copter with Kuwaiti military chief crashes at Sreemangal

A helicopter carrying Kuwait's military chief of staff crashed in Bangladesh Wednesday, but only one person on board suffered minor injuries, a Kuwaiti news agency reported. The helicopter was carrying Lieutenant General Mohammad Khaled Al-Khuder and his accompanying delegation, according to Kuwait News Agency or KUNA.Heavy fog obscured the pilot's...

Watchful BB bands with banks to face crypto craze

Dazzled by the advent of cryptocurrency, a digital asset designed as a medium of exchange in transactions on virtual money market, Bangladesh's central bank began to devise ways of dealing with it.People familiar with the development at the Bangladesh Bank (BB) told the FE Wednesday that at least three departments...

Govt changes six cabinet portfolios

The government reallocated on Wednesday the portfolios of six ministers and state ministers and gave portfolios to three new ministers, reports UNB.Cabinet Secretary Shafiul Alam said Civil Aviation and Tourism Minister Rashed Khan Menon was given the portfolio of Social Welfare Ministry, while Anisul Islam Mahmud, who was Water Resources...

News Watch (04-01-2018)

Hajj agreement with KSA on Jan 14An agreement on this year's hajj will be signed between Bangladesh and Saudi Arabia on January 14. The information came at the 31st meeting of the Parliamentary Standing Committee on Religious Affairs Ministry with its chairman Bazlul Haque Harun in the chair at the...

Prayer Timings-(04-01-2018)

Hawkers use unauthorised electricity connections

Hawkers use unauthorised electricity connections to light up their makeshift shops as they are back on the footpaths in the city’s Gulistan area. The photo was taken on Wednesday. — FE photo by Shafiqul Alam