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

Even finance officials sceptical about financing big budget

As a big new budget worth Tk 9.38 trillion comes within days now, finance officials themselves appear sceptical whether the government can finance it with limited sources of earning as of now.Officials say the government is setting a target of collecting Tk 6.95 trillion as revenue in the fiscal year...

NPLs hit 32.26pc in March: CPD study

Exchange-rate depreciation and higher real interest rates have significantly contributed to the rise in non-performing loans (NPLs) in the banking sector, which stood at 32.26 per cent at the end of March, according to a study conducted by a local think-tank. Stronger economic growth is believed to reduce default risks,...

Loan scheme of Tk 200b at 7pc interest launched

In a major move to inject vitality into a sluggish economy and generate employment, Bangladesh Bank (BB) on Thursday night announced a Tk 200-billion (20,000-crore) pre-refinancing scheme aimed at fully reviving closed and partially operational industries, reports UNB.Under this new policy, titled the "Pre-Refinancing Scheme for Assisting Closed Large-Scale Industry...

5 more children die with measles, symptoms in 24 hrs

Five more children died with measles-like symptoms in the past 24 hours until 8:0 am on Friday.With the latest daily count, the total date toll from measles and measles-like symptoms reached 610 since March 15 last, according to the Directorate General of Health Services (DGHS).Of the total 610 fatalities, 519...

China unveils broader co-op plan ahead of Tarique's visit

China has proposed broadening cooperation with Bangladesh under the Belt and Road Initiative (BRI) beyond traditional infrastructure development to include trade and investment, energy, digital economy and innovation, green development, health and medicine, maritime cooperation, and natural disaster prevention.The National Development and Reform Commission (NDRC) of China has submitted a...

Priority on edu, jobs, health, energy, defence

The National Citizens Party (NCP) unveiled shadow national budget for the upcoming fiscal year with priority on education, employment, healthcare, energy security, and defence modernisation. Titled 'Bangladesh 2.0: Sustainable Growth through Reform, Employment, and Investment', the budget outlines 71 policy proposals across 12 key sectors.The shadow budget committee of the...

Huawei to relaunch BD operations on June 8

Chinese technology giant Huawei is set to officially relaunch its consumer business in Bangladesh on June 8, marking its return to the country's smartphone and smart device market after several years of limited activity.The relaunch will be carried out through a local distributor DX Group, with products to be sold...

China to tighten oversight of private investment funds

BEIJING/SHANGHAI, June 5 (Reuters): China on Friday tightened oversight of the country's 23 trillion yuan ($3.40 trillion) private fund industry, in a bid to reduce financial risks and channel money into technology innovation and emerging industries.China's securities regulator said it would raise the bar for private fund registration, crack down...