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

Weak banks' liquidity ordeals seem over as well-off bankers yield

Liquidity-strapped banks' ordeals are set to be all over as well-off bankers finally decide in principle to lend to the weaklings, sources said, thanks to regulatory interventions.Officials and bankers said that, under the bailout arrangement, top management of the lender banks would place applications seeking liquidity support by the troubled...

IMF weighs fresh funding to 'different' Bangladesh

Fresh lending or an additional funding under the current loan programme of the IMF may be forthcoming for Bangladesh, its head indicated during discussion with Prof Muhammad Yunus in New York. International Monetary Fund Managing Director Kristalina Georgieva said the IMF board could initiate a new lending programme for Bangladesh...

Lowers GDP growth to 5.1pc for downside risks

Asian Development Bank's revised outlook of Bangladesh's economy projects a dip in the GDP growth by 1.50-percentage points to 5.1 per cent in the current fiscal for a slew of downside risks.The wellspring of risks mostly comprises continuing political uncertainty, an insecure law-and-order situation, and financial-sector vulnerabilities, the banker to...

Prof Yunus seeks global attention to Rohingya issue

New York (USA), Sept 25 (UNB): Chief Adviser Prof Muhammad Yunus has sought international community's continuous attention to the Rohingya crisis, otherwise, he warned that it might put the entire region in trouble, not just Bangladesh."We must pay attention," he said while speaking at a high-level discussion on the Rohingya...

Move to import spot LNG under PPR faces setback

The interim government's move to purchase liquefied natural gas (LNG) from the spot market faced a setback as the bids offered fell short of minimum requirement under the Public Procurement Rules (PPR) 2008.The authorities concerned received two bids each in response to two tenders floated to import two LNG cargoes...

Jaishankar confident of strong ties with BD

India's External Affairs Minister S. Jaishankar expressed confidence in the resilience of India's diplomatic ties with Bangladesh and Sri Lanka, despite recent political shifts in both countries, reports UNB. Speaking at an event titled "India, Asia, and the World," hosted by the Asia Society and the Asia Society Policy Institute,...

ACC starts probe into corruption of BFIU ex-chief

The Anti-Corruption Commission (ACC) has launched probes into the alleged corruption of former BFIU chief Masud Biswas and former CU VC Dr Shireen Akhter, who abused their respective positions.According to the ACC's primary investigations, after assuming the responsibility of the Bangladesh Financial Intelligence Unit (BFIU) of the Central Bank, Biswas...

Writ seeks cancellation of hilsa export to India

A writ petition has been filed with the High Court seeking its directive on the concerned bodies of the government to cancel the decision of exporting hilsa fish to India. Supreme Court lawyer Md Mahmudul Hasan filed the petition on Wednesday as a public interest litigation. Recently the government approved...