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

BB plans implementation by 2027

The Bangladesh Bank (BB) has announced plans to implement the Expected Credit Loss (ECL) methodology-based provisioning system for banks by 2027, aligning with the International Financial Reporting Standards (IFRS 9).Currently, the banking sector follows a rules-based loan classification and provisioning system. The adoption of ECL methodology represents a shift towards...

Jamuna Bridge to be 4-lane road corridor

The country's first road-cum-rail bridge over the Jamuna will revert to its original four-lane road bridge 26 years after its inauguration as train operations through the 4.8-km bridge will end soon.The development comes as the Bangladesh Railway has already completed a dedicated rail bridge over the same river and operated...

168 BDR personnel released from jails

A total of 168 Bangladesh Rifles (BDR) personnel walked out of four separate jails in Dhaka and Gazipur districts on bail in the explosive case linked to 2009 BDR carnage."We released 127 BDR members from prisons at Kashimpur, Gazipur and 41 from Dhaka Central Jail, Keraniganj today (Thursday)," AIG Development...

Govt fails to maintain neutrality in some cases, says Fakhrul

BNP Secretary-General Mirza Fakhrul Islam Alamgir has alleged that the interim government is failing to maintain neutrality in certain matters, reports UNB."Yesterday (Wednesday), in an interview, I said if the interim government can't remain impartial, a neutral government will be required during the election. There is a reason for making...

Fakhrul's demand for neutral govt hints at another 1/11: Nahid

Information and Broadcasting Adviser Md Nahid Islam Thursday said BNP Secretary- General Mirza Fakhrul Islam Alamgir's demand for a neutral government actually hints at forming another 1/11 government, reports BSS."The Awami fascism had emerged from the settlement of 1/11 [installation of a military-backed government in 2007]. In the BNP secretary-...

CAAB takes Bogura Airport renovation initiative

Air connectivity between the northern part of the country and other regions will be improved significantly as the Civil Aviation Authority of Bangladesh (CAAB) has taken an initiative to renovate Bogura Airport to launch commercial flights. It will be the third functional airport in the region after Rajshahi and Saidpur...

Keya Cosmetics to shut factories on May 1

Keya Cosmetics Limited has announced the permanent closure of its factories due to 'ongoing challenges in the market' from May next.In a media release on Thursday, the company cited market instability, discrepancies in accounts with its bank, shortages of raw materials and declining production activities as the primary reasons behind...

Forex falls below $20b under BPM-6 standards

Bangladesh's foreign exchange reserves have once again dropped below $20 billion, driven by import bills and foreign debt repayments, reports UNB.The foreign exchange crisis in Bangladesh persists, leading to a decline in reserves to $19.93 billion as of January 22, according to the International Monetary Fund's (IMF) BPM-6 standards. On...

High growth under Hasina was 'fake', Dr Yunus tells Reuters

DAVOS, Jan 23 (Reuters): The head of Bangladesh's interim government, Nobel laureate Muhammad Yunus, said on Thursday that his country's high growth under ousted Prime Minister Sheikh Hasina was "fake" and faulted the world for not questioning what he said was her corruption.Yunus, 84, an economist and the 2006 Nobel...