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

Foreign fund inflow for microcredit may dry up

Microcredit sector might face some challenges, including less inflow of foreign funds, after Bangladesh's gradation from Least Developed Country (LDC) status, the regulator predicts.In its concept paper, the Microcredit Regulatory Authority (MRA) says the normal growth in microcredit will be affected because of fund crunch, thus affecting poverty-alleviation drives.Contribution of...

RHD seeks Tk 13.43b more to carry out maintenance work

The Roads and Highways Department (RHD) has sought around 75 per cent higher allocation in the revised budget for the current fiscal year aiming to carry out periodic maintenance works.Sources said the RHD sought additional fund of Tk 13.43 billion in the middle of the current fiscal year on various...

BB hints at taking steps to attract local, foreign portfolio funds

Bangladesh Bank (BB) Governor Fazle Kabir has said the central bank will take steps to facilitate raising funds from the capital market through bonds. This, he said would help gradually reduce excessive dependency on banks for long-term financing.At the same time, the central bank will provide necessary support to the...

Cabinet okays extension of JS reserved seat tenure by 25 yrs

The Cabinet on Monday approved the draft of the Constitution (17th Amendment) Bill, 2018 to keep the 50 parliamentary seats reserved exclusively for women for 25 more years, reports UNB.The approval came from the regular weekly meeting of the Cabinet held at the Prime Minister's Office with Prime Minister Sheikh...

BGMEA board gets extension again

The government extended again the tenure of the BGMEA board of directors by one year on Monday, bypassing the election that was supposed to be held on March 07 next, sources said.They said the move came one day after a request by the present board of Bangladesh Garment Manufacturers and...

Mobility is at stake

Mobility in the capital city and elsewhere in the country is at stake. Every new day, the traffic congestion is getting from bad to worse and thus compelling enormous frustration among the residents and visitors. Hope against hope, people are just wondering if or when the situation would ever improve....

Trump to ask for $716b in defence spending

US President Donald Trump is expected to ask for $716 billion in defense spending in the 2019 budget he is to unveil next month, two US officials said on Friday, representing a 7 percent increase over the 2018 budget, reports Reuters.The $716 billion would cover the Pentagon's annual budget as...

Former child refugee new British envoy in Dhaka

Kanbar Hossein Bor, who arrived in the UK as a child refugee at the age of seven, has been appointed the British Deputy High Commissioner to Bangladesh, reports bdnews24.com.Bor will be taking the place of former Deputy High Commissioner David Ashley. The British High Commission will hold a reception in...

Argentina freezes salaries, cuts jobs in austerity push

BUENOS AIRES, Jan 29 (Reuters): Executive branch government employees in Argentina will get no pay raises this year and one out of every four "political positions" appointed by ministers will be cut, President Mauricio Macri said on Monday, deepening his austerity drive. The clampdown on political positions, including advisers appointed...

Preparation continues at the full speed

Preparation continues at the full speed at the capital’s Suhrawardy Udyan ahead of the month-long Ekushey Boimela (book fair) that starts Thursday. — FE Photo by KAZ Sumon