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

Private-sector credit squeezes as banks tighten belt

Credit to private sector squeezed in December after a preceding upturn as most banks tried to comply with strictly-enforced advances-deposit ratio (ADR) rules, bankers said."Banks were more focused on managing liquidity ratios than in increasing loan book so that numbers look better at the close of year," Syed Mahbubur Rahman,...

BD's jobless rate to remain static at 4.4pc in 2018, 2019

The unemployment rate in Bangladesh will remain static at 4.4 per cent in 2018 and 2019, according to a latest projection by International Labour Organisation (ILO).The ILO made the projection in its annual report titled 'World Employment and Social Outlook: Trends 2018', released Monday.It estimated that the unemployed people in...

Tributes to MA Behrouze Ispahani

The first death anniversary of prominent industrialist Mirza Ali Behrouze Ispahani was held at Pahartali in Chittagong on Tuesday, according to a press release.Behrouze Ispahani was member of the Board of Trustees of the Independent University, Bangladesh (IUB), Sponsor Director and Managing Director of the International Publications Limited (IPL), the...

PM unveils plaque of Mirsarai EZ today

CHITTAGONG, Jan 23: Prime Minister Sheikh Hasina is going to unveil the foundation plaque of Mirsarai economic zone (EZ) today (Wednesday) through a video conference from Dhaka. Bangladesh Export Processing Zones Authority (BEPZA) is developing the country's largest EZ on 1,150 acres of land at Charsarat of Ichakhali union in...

Tougher punishment for power sabotage as JS passes bill

A bill titled 'The Power Bill, 2017' was passed in Parliament on Tuesday, reports UNB.The bill has a provision of harsher punishment of maximum 10 years' jail and Tk 100 million fine or both for carrying out any act of sabotage in any electricity infrastructure or installation.State Minister for Power...

UNHCR pushes rethink on repatriation plan

Human Rights Watch (HRW) has suggested Bangladesh and Myanmar to suspend the bilateral plan on Rohingya repatriation saying it threatens the refugees' security and well-being, report agencies.The UN refugee agency and other groups have also urged a rethink of the plan to send Rohingya refugees back to Myanmar amid fears...

TUs demand Tk 16,000 as min wage for garment workers

A labour coalition demands Tk 16,000 as minimum monthly wage, with 10 per cent annual increment, for the workers of country's readymade garment sector. Garment Shramik Odhikar Andolan, a platform of 12 labour organizations, placed Tuesday a six-point charter of demands with the owners. Their other demands include permanent rationing...

ACC chief sees turnaround

Anti-Corruption Commission (ACC) chairman Iqbal Mahmood said on Tuesday the country's banking sector started seeing good governance to some extent from 2017."The information that we have indicates that good governance has begun in the banking sector in the year 2017," he told journalists when asked about the recent remarks about...

All MNOs qualify for 4G/LTE licence

All five mobile network operators (MNOs) have qualified for 4G/LTE license after meeting the criteria of the telecom regulator towards offering faster internet service in March, reports BSS.The four MNOs have also been eligible to take part in the upcoming spectrum action, said officials.As per the spectrum auction and 4G/LTE...

PM Sheikh Hasina presides over the meeting of ECNEC

Prime Minister Sheikh Hasina presides over the meeting of Executive Committee of the National Economic Council (ECNEC) at NEC in the capital on Tuesday. — PID