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

Next budget won’t be typical, says NBR chairman

The upcoming national budget will not be a typical one as the National Board of Revenue (NBR) is preparing it in a participatory manner, said NBR chief Md Mosharraf Hossain Bhuiyan on Tuesday.The NBR is framing the fiscal policy through discussion with people from all strata including investors and think...

Large loans make up 57.27pc of banks’ total lending

Large loans account for around 57.27 per cent of the total lending by banks, mainly concentrated in Dhaka and Chattogram, according to a study.Foreign commercial banks (FCBs) have 73.09 per cent of their total outstanding credit in large industries followed by private commercial banks (PCBs) with 64.75 per cent, specialised...

B'desh economy to overtake Taiwan by 2030

Bangladesh is a "minor" power among the 25 selected nations in the Asia-Pacific region and ranked 18th in an index that measures the overall influence of the countries.The Australian think-tank Lowy Institute's index measures power across 25 countries and territories in the Asia-Pacific region. A country's overall power is its...

Workers’ outflow halves as Saudi jobs disappear

Employment opportunity for Bangladeshi workers has shrunk in Saudi Arabia in recent months, worsened by its slow development work and restrictions on certain jobs for foreign workers, insiders have said.The number of outbound Bangladeshi workers to the oil-rich kingdom has more than halved in the last four months, according to...

Hasina-Modi meet in Paschim Banga on May 25

Prime Minister of Bangladesh Sheikh Hasina would be in Paschim Banga for a two-day visit on May 25-26. During her visit to Shantiniketan, Indian Prime Minister Narendra Modi will also be there and the two leaders will meet, said a report by www.indiatoday.in.This would be yet another opportunity when Modi,...

Four SoBs, ICB to buy shares of Farmers Bank

Four state-owned banks (SoBs) and the Investment Corporation of Bangladesh (ICB) are buying shares of Farmers Bank in a desperate effort to save the troubled bank hit by loan scams, reports bdnews24.com.Bangladesh Bank cleared the way for the ICB and the four government banks -- Sonali, Janata, Agrani and Rupali...

HC asks bus operators to give Rajib’s family Tk 10m in compensation

High Court issued on Tuesday an order to provide Tk 10 million as compensation to the family of Rajib Hasan, a student of Govt Titumir College, who got his right arm lost being pressed between two buses in the city and died later, reports UNB.The HC bench of Justice Salma...

Two to walk gallows for killing RU teacher

RAJSHAHI, May 08 (UNB): A tribunal here on Tuesday sentenced two people to death and three others to life term imprisonment for killing Rajshahi University teacher Prof Rezaul Karim Siddiquee in 2016.After examining records and witnesses, Rajshahi Speedy Trial Tribunal Judge Shirin Kabita Akhter handed down the verdict in presence...

Trump tells Kerry to ‘stay away’ from Iran talk

President Donald Trump says former US Secretary of State John Kerry "can't get over the fact that he had his chance and blew it" with Iran, report agencies. Trump was reacting on Tuesday to reports that Kerry quietly has been promoting the Iran nuclear deal. Kerry was the lead negotiator...

An iron net remaining missing on the Maghbazar-Mouchak flyover

An iron net remaining missing on the Maghbazar-Mouchak flyover at Shantinagar in the city on Tuesday, posing risks of road accidents any time — FE photo by KAZ Sumon