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

Banking commission soon to salvage banks from brink

A banking commission is around the corner as part of a series of reforms spearheaded by the interim government to bring stability and good governance in the country's reeling financial sector.Banking commission is a longstanding demand of economists for salvaging the financial sector from the brink as the lifeline of...

Fair polls after far-reaching reforms

Free, fair and participatory polls will be held on completion of the interim government's mandate to conduct vital reforms in election commission, judiciary, civil administration, security forces and the media, says Chief Adviser Muhammad Yunus. The head of interim government of Bangladesh laid out the to-do chart while briefing foreign...

Revenue chief slams black money whitening scheme

Newly appointed Chairman of the National Board of Revenue (NBR) Md Abdur Rahman Khan said he personally considers the black money whitening scheme "totally unacceptable" and it is "indecent and unfair" to regular taxpayers."Not as the NBR chairman, but my personal view is that the money whitening scheme is unacceptable...

More murder cases filed against Hasina

More murder cases have been filed with different police stations across the country against ousted Prime Minister Sheikh Hasina, her cabinet members and police officials for killing protesters of the quota reform movement. A case was filed against Sheikh Hasina and 33 others on charge of conducting a mass killing...

All negotiations, selections, purchasing processes halt

All negotiations, selections, and purchasing processes of all power-and energy projects halt as the much-talked-about quick-solution law gets under the axe as part of reforms kick-started by the interim government. Interim government's new adviser for power and energy, and road transport and bridges Muhammad Fouzul Kabir Khan told newsmen at...

Rashed Maqsood made BSEC chairman

The government has appointed Khondoker Rashed Maqsood, a banker, as chairman of Bangladesh Securities and Exchange Commission (BSEC).The Financial Institutions Division (FID) under the Ministry of Finance on Sunday issued a circular to this effect.At the same time, the FID has cancelled another circular issued last week confirming appointment of...

Govt raises emergency borrowing ceiling 50pc

The government has raised the ceiling for its emergency borrowing tools by 50 per cent to manage fiscal deficits amid poor resource mobilisation, according to an official document, as economists warned that this could exacerbate inflationary discomfort. There are two popular emergency borrowing tools -- ways and means advance (WMA)...