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

Mortgaged asset auction hurdles fuel NPL build-up

Despite having money loan court (Artha Rin Adalat) decrees in their favour, banks and non-bank financial institutions (NBFIs) are not getting the desired success in selling mortgaged properties due to various complications. Bank officials are reluctant to sell such properties at auction due to insufficient prices and also because they...

Govt against any form of mob justice: Rizwana

The government is totally opposed to any kind of mob justice or moral policing, said Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan on Tuesday."The position of the government in this regard is very clear. The government never approves of any form of violence or mistreatment against women," she...

Yield on two-year BGTBs rises substantially

The yield on two-year Bangladesh Government Treasury Bonds (BGTBs) increased significantly on Tuesday as banks expressed their unwillingness to invest funds in the securities.The cut off yield, generally known as interest rate, on the BGTBs rose to 11.20 per cent on the day from 10.92 per cent earlier, according to...

Govt wants single VAT rate if businesses agree

National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan on Tuesday said the government wants to implement a single, universal value-added tax (VAT) rate in the country if the business community reaches a consensus. "If necessary, we will lower the rate. But it should be a single rate, provided...

NCP leaders pay homage to war heroes at National Memorial

Leaders of the newly-formed National Citizen Party (NCP) have paid tribute to the Liberation War martyrs by placing wreaths at the National Memorial in Savar, report agencies.Party Convener Nahid Islam and Member Secretary Aktar Hossain led the delegation as they honoured the martyrs and observed a one-minute silence at the...

BSEC-appointed 9 independent directors may join Beximco cos

The Appellate Division of the Supreme Court on Tuesday cleared the way for nine independent directors appointed by the Bangladesh Security and Exchange Commission (BSEC) for Beximco Limited, Beximco Pharmaceuticals, and Shinepukur Ceramics to resume their duties.The Appellate Division stayed for three weeks the High Court orders that had, on...

Geneva to hear UN fact-finding report on BD today

UN High Commissioner for Human Rights Volker Turk will present the United Nations human rights fact-finding report on human rights violations and abuses related to the protests of July and August 2024 in Bangladesh in Geneva today (March 5), reports BSS.The event will be broadcast live from Geneva on YouTube...

6,531 primary teachers to join workstations within Mar 12

The Ministry of Primary and Mass Education has granted administrative approval for the appointment, joining, and posting of 6,531 selected candidates as assistant teachers in government primary schools across Dhaka and Chattogram divisions, reports BSS.The information was revealed in an official letter signed by Deputy Secretary (School-2) of the Ministry...

India beat Australia to reach final

DUBAI, Mar 4 (AFP): Virat Kohli hit 84 as India beat Australia by four wickets in the first semi-final of the Champions Trophy in Dubai on Tuesday.Chasing 265 for victory, India lost Kohli in the closing overs but KL Rahul with an unbeaten 42 steered the team home with 11...