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

Willful default makes bank loans costly, difficult: FBCCI

Businesses on Sunday demanded strict punishment for the "willful" loan defaulters who made access to formal finance for genuine businessmen costly and difficult.Terming such frauds 'black sheep', they said the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) will not take their responsibility.The demand came at an exchange of...

Hasina seeks will of the rich for climate battle

MUNICH, Feb 17 (UNB): Prime Minister Sheikh Hasina has underscored the 'will' of the richer segments of societies - everywhere - to act ambitiously against climate change as there are enormous amount of science, technology, innovation and finance to address the problem."Let me also say we've enormous amount of science...

BB approves three more private banks

The central bank has decided in principle to approve three more private commercial banks (PCBs), attaching a condition of Tk 5.0-billion set as paid-up capital instead of the existing Tk 4.0 billion.The decision was made at a meeting of the Bangladesh Bank's (BB) board of directors held at its headquarters...

New rules define working areas of investigators

The Ministry of Finance (MoF) has issued the long-awaited rules of the Money Laundering Prevention Act 2012 by defining working areas of the investigators.Six government entities empowered to probe corruption have got the authority to submit charge sheets to a court upon completion of their respective investigations.According to MoF and...

Nine burnt to death in Ctg slum fire

CHATTOGRAM, Feb 17: Nine people were burnt to death and several others injured in a devastating fire at Chaktai under Bakolia Police Station in the city on Sunday.Fire fighters said the fire broke out at Chaktai Bhera Market area around 3:30 am when the victims were deep asleep in their...

News Watch- (18-2-2019)

Mild quake jolts Chattogram A mild earthquake shook different parts of Chattogram and its adjoining Bandarban, Rangamati, Khagrachhari and Feni districts on Sunday morning. The tremor, measuring 4.9 magnitude on the Richter scale, was felt around 8:58am, said the Met Office adding that the epicentre of the earthquake was Mijoram...