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

T-bills’ interest rates up ahead of Eid

The interest rates on the treasury bills (T-bills) increased significantly, as the banks showed unwillingness to invest their funds in the government securities ahead of the Eid.The cut-off yield, generally known as interest rate, on 91-day T-bills jumped to 4.14 per cent on Sunday from 1.20 per cent of the...

Muhith under fire over loan scandals in banking sector

Opposition leaders and some lawmakers from the ruling party came down hard on Finance Minister AMA Muhith over the loan scandals and mismanagement that plagued the banking sector amid discussions on budget in the Jatiya Sangsad, reports bdnews24.com.Most of the lawmakers criticised the finance minister on Sunday during a discussion...

Comprehensive green growth strategy a must to reap benefits

Bangladesh's progress in green business in a number of cases is yet to leave any visible impact on effective and efficient green growth businesses.Lack of a comprehensive green growth strategy is the main reason for such a failure to build a robust economy based on green technology and innovation.Speakers at...

Holidaymakers heading home

The railway stations as well as bus and launch terminals in the city saw an increasing number of home-bound people on Sunday, only five days before Eid-ul-Fitr.Holidaymakers, mostly students, women and children, were seen leaving the city for their home on the day to avoid last-minute hassles.Hundreds of people were...

BB allows FCBs to remit shares of head office expenses

Foreign commercial banks (FCBs) operating in Bangladesh are allowed to remit the shares of expenses at their head offices without the central bank's prior approval."The FCBs will be able to remit such expenses complying with the Income Tax Ordinance 1984 and other conditions," a senior official of Bangladesh Bank (BB).To...

Fund shortage hits Rohingya relocation as monsoon looms

Preparations for relocating hundreds of Cox's Bazar Rohingya refugees to safer places ahead of monsoon are yet to be completed.The situation has turned complicated due to the poor inflow of funds required for the humanitarian response.Until last week, only 21 per cent of the US$ 951 million, required for the...

Fake note phobia grips Ctg businesses

CHATTOGRAM, June 10: Traders as well as common people are now afraid of fake notes of Tk 500 and Tk 1,000 denominations during transactions amid reports of counterfeit currency seizures.Law enforcement authorities in recent times seized fake note printing materials from a den of criminals in the district.Fake notes of...

Amend budget to make it job-focused

Speakers at a discussion on Sunday stressed the need for amending the proposed budget for the next fiscal year (FY) to make it employment-focused.They also emphasised the importance of turning the budget into an effective guideline to reduce poverty and inequality."The rise in inequality in the society is documented in...

One fisherman dies, 30 go missing in Cox’s Bazar

COX'S BAZAR, June 10: A fisherman died and 30 others went missing as 20 fishing boats sank in the Bay near Cox's Bazar coast on Sunday. According to sources, police recovered the body of fisherman Abdus Shukkur(35) from the sea coast in the afternoon. The deceased hailed from Moydda Para...

Hasina's jail release day today

The 10th anniversary of release of Awami League President and Prime Minister Sheikh Hasina from prison will be observed today (Monday), reports BSS.On this day in 2008, Sheikh Hasina was released from the special sub-jail set up on the premises of the Jatiya Sangsad (Parliament) Building after remaining captive there...