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

Private-sector credit, import surge awakens regulators

A significant surge in private-sector credits, particularly in October, nudged the regulators into stocktaking and they spotlighted a splurge from nine banks.Among the nine generously-lending banks are seven fourth-generation private commercial banks (PCBs), a senior official of the Bangladesh Bank (BB) told the FE.The growth in credit flow to private...

A roundtable titled 'Economic Zones - Transforming Bangladesh

A roundtable titled 'Economic Zones - Transforming Bangladesh into a Manufacturing Hub - Key Policy and Regulatory Issues' is in progress at the PRI Conference Room in the capital on Monday, with Principal Coordinator (SDG) of PMO Md Abul Kalam Azad as the chief guest. Story on Page 1 —...

Infant dies from fall during city rickshaw mugging

A 5-month-old infant has died after falling from a moving rickshaw as muggers attempted to snatch the mother's purse in Dhaka's Doyaganj, reports bdnews24.com.The incident occurred around 6am on Monday on the eastern side of the Doyaganj rail tracks, said Dhaka Metropolitan Police's Wari Division Additional Deputy Commissioner Nurul Amin.Aklima...

Question paper leakage must be plugged

The domain of education in the country seems to be embroiled in a new challenge - growing menace of question paper leakage before different kinds of examinations. For quite some time now, there have been several reports of question paper leakage from schools to universities. The saddest part is that...

WB okays $245m loan for safety-net programmes

FE ReportThe World Bank (WB) approved on Monday a loan amounting to $245 million for Bangladesh to make the country's social safety-net programmes more accountable and transparent. The fund will be given in addition to the WB's previously confirmed $500 million for a project to modernise the government's social safety-net...

Turkish PM in city, visits Rohingya camps tomorrow

Binali Yildirim Turkish Prime Minister Binali Yildirim arrived in the city on Monday night on a two-day official visit at the invitation of his Bangladesh counterpart Sheikh Hasina to discuss Rohingya and other issues, reports UNB.The Turkish PM is leading a 21-member delegation, including his daughter Busra Koylubay, Chief Foreign...

BPDB signs deals with CPHL to buy 226 MW electricity

The state-run Bangladesh Power Development Board (BPDB) on Monday inked deals to purchase around 226 megawatt (MW) of electricity from two furnace oil-fired power plants of Confidence Power Holdings Ltd (CPHL) for 15 years.The furnace oil-fired power plants, having the generation capacity of around 113MW electricity each, would be set...