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

WB, ADB launch two Pacific projects under new partnership

The World Bank and Asian Development Bank (ADB) on Thursday launched a joint-financing framework for two development projects in Fiji and Tonga while Bangladesh is also under consideration for the next round of mutual investment, said the lenders.Bangladesh will get preference in the next round of WB-ADB joint-financing system, titled...

Referendum to lay foundation of 'new Bangladesh'

Treat policing the upcoming national elections as a historic responsibility and work towards ensuring a credible, peaceful and inclusive vote, Chief Adviser Prof Muhammad Yunus directs district police chiefs. The direction from the head of post-uprising government of Bangladesh comes while speaking at a meeting with the newly appointed Superintendents...

BB steps up dollar purchases

The Bangladesh Bank has strengthened its intervention in the foreign exchange market, purchasing US$132 million from five banks in the interbank spot market on Thursday to help stabilise the dollar-taka exchange rate. The move comes amid continued pressure on the local currency and a broader effort to smooth volatility under...

High Court issues dissenting verdict on writ challenging govt move

The High Court (HC) has delivered a dissenting judgement on a writ petition that challenged the legality of the government's move to award the container-handling contract of the New Mooring Container Terminal (NCT) at the Chattogram port to a foreign company.A division bench comprising Justice Fatema Najib and Justice Fatema...

Govt seeks CEO for newborn Sammilito Islami Bank

The government has invited qualified individuals to apply for the post of Managing Director/Chief Executive Officer of the newly formed Sammilito Islami Bank PLC.The Financial Institution Division under the Ministry of Finance on Thursday issued a notification to this effect on its website. Mentioning Sammilito lslami Bank PLC as the...

Mild tremor again jolts Dhaka

A mild earthquake, measuring 4.1 on the Richter scale, struck Bangladesh early on Thursday. There were no immediate reports of damage or injuries from the tremor, which occurred at 6:14 AM. The epicentre was located in Shibpur Upazila of Narsingdi district at a depth of 30 km, about 33 km...

BB allows partial loan write-off facility for banks

Bangladesh Bank (BB) has instructed commercial banks to go for partially writing-off the bad and loss-category of loans that are hardly recoverable.To this effect, Banking Regulation and Policy Department (BRPD) of the central bank issued a circular on Thursday.It said the portions of bad-and-loss loans, which are not fully recoverable,...

Youth killed in BSF firing along Patgram border

Lalmonirhat, Dec 4 (UNB): A Bangladeshi man was shot dead allegedly by members of India's Border Security Force (BSF) along the Patgram border in Lalmonirhat early Thursday.The deceased was identified as Sabuj Mia, 29, son of Sirajul Islam of Pochabandar village under Jagatber union.Locals said Sabuj and a group of...