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

Lawsuit withdrawal mandatory for borrower incentives: BB

From now on, struggling borrowers will have to withdraw all legal cases against the government, the Bangladesh Bank (BB), or the commercial bank concerned before being eligible for any form of incentives or policy support announced by the banking regulator. Issuing a circular on Wednesday, the central bank stated that...

Administrators being withdrawn, new MD takes charge soon

Administrators appointed to the five merging Islamic banks will be withdrawn shortly to help accelerate operations of the newborn Sammilita Islami Bank led by a new managing director.Bangladesh Bank (BB) has made the decision on withdrawal of the administrators of the five and charge handover to the emerging bank's MD,...

Over 15m face food insecurity in BD amid adversities

Over 15 million people in Bangladesh are said to be currently facing acute food insecurity, with the number projected to rise sharply by this yearend following recurrent floods, inflation, climate shocks and mounting economic pressures.Such a situation is portrayed in the latest Integrated Food Security Phase Classification (IPC) analysis, sponsored...

India 'anxiously awaits' PM Tarique Rahman's visit, says Indian HC

India is "eagerly awaiting" the opportunity to welcome Bangladesh Prime Minister Tarique Rahman to New Delhi, new Indian High Commissioner to Bangladesh Dinesh Trivedi said on Wednesday, signalling renewed efforts by both countries to reset bilateral ties after months of diplomatic strain.Speaking to reporters at Bangladesh's foreign ministry following his...

Aromatic rice price hits all-time high of Tk 230 a kg

Prices of locally grown aromatic rice have surged to an all-time high of Tk 220-230 per kg at the retail level, causing extra burden on consumers.Traders and market analysts attributed the sharp price hike to persistent export of fragrant rice coupled with its supply shortage in the local market.The Trading...

Govt backs Tk 10b skills dev, overseas employment loan

The government has agreed in principle to provide a state guarantee for a Tk 10-billion Bangladesh Bank pre-finance loan facility to Probashi Kallyan Bank, aiming to strengthen workers' skills and expand access to overseas-employment opportunities.The Financial Institutions Division (FID) under the Ministry of Finance has issued a formal recommendation to...