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

Deposit rates in reverse course as liquidity problem deepens

The interest rate on term deposits has reached double digit after about a couple of years as the banks are now out of comfort zone, as far as their liquidity position is concerned. The overall deposit rates started creeping up since the beginning of this calendar year, primarily due to...

Set minimum qualification criterion for bank directors

An expert suggestion from an international meet in Dhaka calls for devising a minimum qualification criterion for bank directors to ensure better governance within the financial sector. At a time when banks in Bangladesh are facing some major management problems, the banking experts from home and abroad also suggested creating...

PM visits Dr Zafar Iqbal at CMH

Prime Minister Sheikh Hasinaon Monday visited the Combined Military Hospital (CMH) in the city to see Dr Zafar Iqbal, reports UNB.He was injured in a knife attack on the campus of Shahjalal University of Science and Technology (SUST) in Sylhet.She went to the CMH around 12:30pmand spent almost an hour...

Editors' Council condemns attack

The Editors' Council expressed Monday deep concern over the attack on eminent writer Prof Dr Muhammad Zafar Iqbal. Condemning the incident, the council also wanted the government and the law enforcement agencies to take necessary steps in this regard.He was stabbed indiscriminately on his university campus in a bid to...

Higher management expenses hurt some insurers, financially

A number of life insurers made higher management expenses in 2017 implying that their financial strength was on the wane, in terms of profitability and claim-settlement. Management expense is the cost which is borne from premium incomes for different heads and crossing the limits here would make the companies insolvent...

HAAB announces Hajj package

The final registration process of the pilgrims who will perform Hajj this year under private management will begin today (Tuesday).The Hajj Agencies Association of Bangladesh (HAAB) announced the schedule on Monday. HAAB also announced Hajj package with a minimum price at Tk 3,32,868 for an individual person to perform Hajj...

News Watch (06-03-2018)

Ghorasal plant starts supplying electricity Ghorasal 365 MW combined cycle power plant has started commercial operation with supply of electricity to the national grid. The project was one of the 14 mega power projects undertaken by the government to improve the country's power supply situation. — UNB Forex reserves rise...