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

Banks under pressure for asset mismatch, liquidity stress

Banking sector bears some pressures from declining asset quality, particularly of the state-owned banks, and tighter liquidity in some fourth-generation private banks, said the central bank. The Bangladesh Bank (BB) also indentified downside risks like any shock to remittance inflow and export due to growing political uncertainty in the Middle...

NPLs bother banking sector very much

Finance Minister AMA Muhith said Monday the country's banking sector is bothered very much about the non-performing loans (NPLs) and argued that it has been a big problem since the independence when it reached 40 per cent of total outstanding loans. "But now it has come down to almost one...

Rohingya repatriation won't begin as planned: BD

COX'S BAZAR, Jan 22 (Agencies): The repatriation of Rohingya Muslims will not begin as planned, Bangladesh said Monday, with authorities admitting "a lot of preparation" was still needed.Dhaka had been due to start the huge process on January 23, after agreeing a two-year timescale with Yangon.But Bangladesh's Refugee Relief and...

NBR moves to set up TIU to check tax evasion

The National Board of Revenue (NBR) has moved to establish an automated tax information unit (TIU) with interconnectivity of data banks of other relevant entities to track large financial transactions. The revenue board will set up the TIU with support of the government of the Netherlands in a bid to...

US Senate struggles to end govt shutdown

Hundreds of thousands of federal workers will be unable to report for work on Monday, as the US Senate struggles to end a government shutdown, report agencies.Some will not be paid until the stalemate is resolved. A rare Sunday session of the Senate yielded no agreement between Democrats and Republicans,...

News Watch (23-01-2018)

JS passes seed quality control billParliament passed Monday 'The Seeds Bill 2018' to make the existing law more time-befitting one in maintaining quality of seeds. Agriculture Minister Matia Chowdhury moved the Bill in the House and it was passed by voice vote. According to the Bill, a 25-member National Seed...

Prayer Timings-(23-01-2018)

Rahmat, a physically challenged person

Rahmat, a physically challenged person, runs a locally-made battery-operated tricycle to earn a living. The photo was taken from Mirpur-2 in the city on Monday. — FE photo by KAZ Sumon