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

BB issues new policy to police offshore banking operations

The central bank has issued a new policy asking banks to comply with cash reserve requirement (CRR) and statutory liquidity ratio (SLR) rules for their Offshore Banking Operations.Under the new policy, three-fourths of total outstanding offshore operations' funds will have to be invested in Bangladesh. All the banks will have...

Combat corruption to catalyse FDI

Business entities in Bangladesh and around the world need to integrate the Sustainable Development Goals (SDGs) into their overall strategy, a leading global business leader has said.SDG is probably the best business agenda right now to bring long term success, according to Paul Polman, who is the global Chairman of...

Higher default loans to impede investment pickup

The Metropolitan Chamber of Commerce and Industry (MCCI), Dhaka, Monday cautioned that if left unaddressed, the problem of high-level non-performing loans in the banking sector could impede a pickup in investment in the country.The Dhaka-based leading trade body also said in addition to the bulging non-performing loans (NPLs), poor governance...

Govt to shift chemical godowns from city in six months: Minister

The government has decided to relocate chemical warehouses and godowns from Old Dhaka within the next six months, Industries Minister Nurul Majid Mahmud Humayun said on Monday."We have decided to shift the chemical godowns from the capital to other places outside the city within the next six months."He said these...

Probe body formed

The suspect who attempted to hijack a plane of Biman Bangladesh Airlines at Chattogram airport on Sunday was identified as Md Palash Ahmed, a resident of Sonargaon in Narayanganj, according to the Rapid Action Battalion (RAB). The fingerprint of the suspected 'hijacker' matched that of a person recorded in the...

Nation mourns fire victims of Chawkbazar

The one-day state mourning was observed on Monday in memory of the victims of the devastating Chawkbazar fire in the capital on Wednesday that claimed 67 lives, reports BSS.All government, semi-government, autonomous and private institutions and establishments and Bangladesh missions abroad kept national flag half-mast.National flag was kept half-mast at...

BD urges India to expedite endorsement of projects, deals

Dhaka has urged New Delhi to speed up endorsement of the project proposals, taken under three Indian Lines of Credit (LoCs), and to simplify their procurement procedures, as these processes are delaying implementation of some projects, officials said.At a review meeting on Monday, Bangladesh also requested India to modify some...

News Watch- (26-2-2019)

Workshop for new MPs begins todayA two-day workshop for the newly- elected members of the 11th Jatiya Sangsad (JS) will begin at the oath-taking room of the JS today (Tuesday). Speaker Dr Shirin Sharmin Chaudhury will inaugurate the workshop at 10.00am. — BSS House help burned dead in city fireA...