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

Finance minister backs suspension until Dec

Finance minister AHM Mustafa Kamal said on Wednesday that the decision on suspending the loan classification rules until December has been made in the greater interest of businesses."…I believe the Bangladesh Bank has made the right decision by extending the facility (once more)," he told reporters after a virtual meeting...

Call to expedite lending for smaller enterprises

An aggressive strategy for full implementation of loan disbursement to the cottage, micro, small and medium enterprises needs to be ensured to attain the October deadline.Almost 80 per cent such fund remained unutilised as of August.The suggestion came up in a paper presented by the BUILD on Wednesday at a...

Interest rate spread rises in August

The interest rate spread in the country's banking system increased slightly in August 2020 as banks further slashed rates on deposits but charged a little bit higher on lending.The weighted average spread between lending and deposit rates offered by commercial banks rose to 2.87 in August from 2.77 per cent...

Span installation unlikely soon due to river swelling

Steel truss span installation work over 10 piers of the Padma Bridge is unlikely to resume shortly, as the river started swelling suddenly after a downtrend in the middle of this month (September), officials said.The Padma Multipurpose Bridge (PMB) Project has set a target to resume the work by the...

HC orders BRAC Bank to pay Tk 1.5m to Jahalam

The High Court (HC) ordered BRAC Bank authorities on Wednesday to pay Tk 1.5 million as compensation to Jahalam, a jute-mill worker. He spent three years in jail in a case filed for misappropriation of Tk 185 million, instead of the real culprit.BRAC Bank authorities have been asked to pay...

1st Bangladeshi ED at icddr,b

icddr'b's international Board of Trustees has appointed Dr. Tahmeed Ahmed as the new Executive Director of icddr,b (formerly the International Centre for Diarrheal Disease Research, Bangladesh). Dr Ahmed will take up his appointment on 1 February 2021, succeeding Dr John Clemens who has served as Executive Director from 2013, said...

'Oxford vaccine to be available in BD on need-based priority'

After successful production, Oxford coronavirus vaccine will be made available across the world, including Bangladesh, on the basis of priority by need, not priority by wealth, said the UK High Commissioner in Dhaka Robert Dickson. "The UK is fighting for equitable access of the vaccine in global level," he also...

Global fight against virus continues

More than 1.01 million people have died globally due to the novel coronavirus and over 33.92 million have been reported to be infected, according to Worldometers tally, report agencies. Infections have been reported in more than 213 countries and territories since the first cases were identified in China in December...

With every sector of the economy

With every sector of the economy back in business following the removal of coronavirus-induced restrictions, traffic snarls started to rule the roost as is seen in this photo taken in Tajgaon area of the city on Wednesday — FE photo by KAZ Sumon

Parliamentary committee for steps to disconnect illegal power

The parliamentary committee on Government Assurances on Wednesday recommended the concerned ministry to take necessary steps to disconnect illegal power, and remove abnormal and unwanted power outages or electricity bill and load shedding, reports BSS.The recommendation was made at the 14th meeting of the committee chaired by its chairman Professor...