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

Govt may approve third revision of MRT-6 project tomorrow

With massive cost escalations in areas such as consultancy and electro-mechanical systems, the government may revise the MRT-6 project for the third time tomorrow (Monday), extending the timeline by three years, officials said on Saturday.Despite the proposed removal of four station plazas -- a key income-generating component -- the Dhaka...

Political stability, economic growth must go hand in hand: Fakhrul

Senior BNP leader Mirza Fakhrul Islam Alamgir has said that Bangladesh's political roadmap must be stabilised alongside efforts to strengthen the country's economic strategy, reports bdnews24.com At the 4th Bangladesh Economic Conference in a Dhaka hotel on Saturday, he said: "In the roadmap for the future, it is not enough...

Bangladesh hold their nerve to beat Ireland, level T20I series

Bangladesh drew level in the T20I series with a composed four-wicket win over Ireland in Chattogram on Saturday night. Bangladesh chased 171 with two balls to spare after a disciplined closing stand from Mohammad Saifuddin and Mahedi Hasan finished the job, reports UNB. Ireland had posted 170 for six, a...

ICB seeks CIB list waiver for its officials becoming defaulter cos' directors

The Investment Corporation of Bangladesh (ICB) has urged the authorities concerned to take necessary steps so that its officials are not enlisted as defaulters by the central bank's Credit Information Bureau (CIB), when they are nominated as directors of any loan defaulter company. The state-run entity recently requested the Financial...

Election schedule likely in second week of Dec

The schedule for the next parliamentary elections and referendum is likely to be announced in the second week of December, Chief Election Commissioner (CEC) AMM Nasir Uddin said on Saturday."Hopefully, we are expecting it (schedule announcement) to take place in the second week of December," he said.He said this in...

NPLs jump to 34pc as stricter rules expose hidden defaults

Non-performing loans (NPLs) in Bangladesh's agriculture sector have surged to substantial levels, with nearly 34 per cent of outstanding farm credit now classified as defaulted, according to the latest Bangladesh Bank (BB) data. The sharp rise has heightened concerns over the financial stability of the country's most critical economic backbone.As...

Experts warn of extreme earthquake risk

Bangladesh faces an alarming level of earthquake risk due to its location atop three active tectonic fault lines, earthquake specialists warned on Saturday. They cautioned that without immediate, coordinated action, the country could face a large-scale humanitarian disaster.Their concerns were raised at a seminar titled "Earthquake Awareness, Safety Protocol and...