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

Gas crisis may last 10-15 more days, says energy minister

Power, Energy and Mineral Resources Minister Iqbal Hassan Mahmood on Monday said a fire at one of the country's two Floating Storage and Regasification Units (FSRUs) disrupted liquefied natural gas (LNG) imports, aggravating Bangladesh's ongoing gas shortage and affecting electricity generation as well as industrial production, reports UNB."About a week...

Development spending dips to a very worrying level

Government agencies exposed their weakest capacity in implementing development programme as an unprecedented slowdown in public spending left over Tk 1.0 trillion unspent until penultimate month of last fiscal year, squeezing Bangladesh's economic growth, analysts say.Although the government agencies recovered from bleak Annual Development Programme (ADP)-execution performance four years ago,...

Rain, floods damage Tk 4.78b crops: MoA

Floods and torrential rain have damaged crops worth about Tk 4.78 billion, with summer vegetables accounting for nearly half the total losses, according to a latest Ministry of Agriculture (MoA) report.According to the ministry's final assessments, crops on 24,138 out of 817,000 hectares of cultivated land across 43 districts were...

CEIZ to open new horizon in economy: Khosru

CHATTOGRAM, July 27 (BSS): Finance and Planning Minister Amir Khosru Mahmud Chowdhury has said the China Economic and Industrial Zone (CEIZ) in Anwara, Chattogram, is expected to attract investments over one billion US dollars.He emphasized that this initiative will positively influence not only Anwara but also the broader Chattogram economy,...

Unsecured SME loans outperform secured lending

Small unsecured loans, including nano loans, record lower default rates than collateral-backed lending despite widespread perceptions to the contrary, speakers said at a roundtable on Monday.They urged banks to adopt cash flow-based lending and strengthen digital financial data sharing to improve access to finance for underserved businesses.The observations were made...

Sovereign credit outlook adjudged negative from stable state

A slew of drags like persistent banking-sector weakness, fiscal constraints and mounting external risks made S&P Global Ratings revise Bangladesh's sovereign credit outlook to negative from a stable state.The American agency's such ratings are prompted by the likelihood that these negatives could delay the country's economic recovery.However, it affirmed the...