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

Some banks failing in provisioning against ballooning bad loans

Some banks are failing to keep requisite provisions against both classified and unclassified loans as the volumes of such problem credits kept ballooning, sources said.The findings came as the overall shortfall in provisions against classified and unclassified loans in the country's banking system jumped by nearly 24 per cent or...

India beat Tigers in seasaw match

India lifted the Nidahas T20 tri-nation series trophy by beating the Tigers by four wickets in a nail-biting finish in Colombo on Sunday.Requiring five off the last ball with a target set at 167, Indian batsman Dinesh Kartik just hit a six to seal the fate of the match to...

British, Indian firms hold 98.5pc stake in $100m insurance

One British and another Indian insurance company hold 98.5 per cent stake in the US$100 million insurance coverage for the US-Bangla Airlines plane that crashed in Nepal, sources said as stories of the tragedy kept unfolding.In Bangladesh, Sena Kalyan Insurance Company Ltd and Sadharan Bima Corporation are acting as primary...

Int'l investment seen key to developing power sector

The government is looking to gradually privatise the power-distribution and-transmission system, said Nasrul Hamid Sunday, as a study suggested huge investment in, and overhaul of, the sector. "This will be a very crucial thing," he said, "because the whole sector is controlled by the public sector and taking the whole...

NBR invites budget proposals for FY19

National Board of Revenue (NBR) has sought proposals from individuals, trade bodies, organisations and establishments to make its revenue mobilisation policy more effective, reports BSS. It is a part of its move to formulate national budget for the next fiscal year (2018-19). The revenue authorities in a notice Sunday requested...

News Watch (19-03-2018)

HC rejects writ on Article 70The High Court rejected on Sunday the writ petition filed challenging the legality of Article 70 of the Constitution that allows cancellation of parliament membership for crossing the floor. The single HC bench of Justice Abu Taher Md Saifur Rahman passed the order saying that...

Prayer Timings-(19-03-2018)

Heavy smoke billowing from the Waterfront Manila Pavilion building

Heavy smoke billowing from the Waterfront Manila Pavilion building in the Philippine capital, after a fire breaks out at the hotel and casino complex killing at least three on Sunday — AFP