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

Defaulters require more loans to pay bad debt

Defaulters need further loans to repay their outstanding debts, said Bangladesh Association of Banks (BAB) lawyer Shah Monjurul Hoque on Tuesday."This is a common practice all over the world. Otherwise, how will they pay the installment on defaulted loans?" he observed.The High Court (HC) heard a Bangladesh Bank (BB) circular...

Power Cell DG made Chair of ESCAP Committee on Energy

Director General of Power Cell Engr. Mohammad Hossain has been elected Chair of the UN-ESCAP Committee on Energy for a two-year term. He replaced Ajith P. Perara, Deputy Minister of Sri Lanka.The election was held during the committee's second session in Bangkok, Thailand recently, said a press release.This committee, formed...

EU mission in city to review GSP eligibility

A high-powered trade mission from the European Union (EU) is visiting Dhaka to oversee labour rights situation in Bangladesh and review the country's eligibility to retain the trade benefits under its EBA regime, sources said. As part of their three-day visit, the delegation held meetings on Monday and Tuesday with...

BR accepts one proposal, rejects two others

The Bangladesh Railway (BR) has accepted only one proposal from a Japanese company for a project to develop a multimodal transport hub at Kamalapur railway station under the public-private partnership (PPP) modality.Two more proposals from a separate Japanese company for the development of another multimodal transport hub at the Airport...

Banks still face threat of data breach

The country's banking sector is still facing threat of data breach despite installation of cyber security technologies and equipment in banks and financial institutions, speakers said at a seminar on Tuesday.The risk of cyber security in local banks continues mainly due to scarcity of IT professionals and lack of bank...

Sustainable apparel forum Nov 5

The second Sustainable Apparel Forum (SAF) will be held in the city in November aiming to address critical issues including redefining industrial relation in RMG industry for sustainable growth, purchasing practices and their impact on suppliers, transparency, water conservation and climate change.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) and...

New move to protect RMG workers' safety

The apparel sector leaders and the boards of Nirapon have committed to engage in an ongoing and constructive dialogue to protect the safety of the country's readymade garment (RMG) workers."All parties committed to engage in an ongoing, constructive dialogue in order to ensure continued partnership," said a joint communiqué of...

Achievement in shipping remarkable: Khalid

CHATTOGRAM, Oct 15: Bangladesh has earned remarkable notable achievement in maritime and shipping sector. The country's shipping sector has witnessed a remarkable development in the last one decade under the leadership of Prime Minister Sheikh Hasina.State Minister for Shipping Khalid Mahmud Chowdhury made the remarks while addressing as the chief...

Shirin made Krishi Bank DMD

Shirin Akhter, a noted banker, has joined the Bangladesh Krishi Bank (BKB) as its Deputy Managing Director (DMD), says a statement.She was general manager of Agrani Bank Ltd before joining the BKB recently.Joining Agrani Bank in 1988 as a senior officer, Shirin served the bank as branch head, regional head,...

Dairy dev farm plays vital role

The Rajshahi Dairy and Cattle Development Farm has been playing a pivotal role towards boosting milk and meat production through the best uses of modern technologies in the region, reports BSS.Located on 92.43 acres of land at Rajabarihat under Godagari upazila of Rajshahi, the farm contributes a lot to breed...

Success in ICT lauded

Bangladesh's mobile phone subscribers reach 162.6m, Internet subscribers 98.136mWorld Information Technology and Service Alliance (WITSA) Secretary General Dr James Poisant has highly appreciated Bangladesh's progress in the ICT over the last couple of years, reports UNB."Bangladesh has made remarkable progress in ICT development," he observed. The number of mobile phone...

BSTI, Khulna marks world standards day

The 'World Standards Day-2019 was observed in southwestern divisional city Khulna as in other divisional headquarters in Bangladesh on Monday, reports BSS. As many as 165 countries in the world observed the day with the motto 'Video standards create a global stage'.Bangladesh Standards and Testing Institution (BSTI), Khulna organised a...

Bangladesh Krishi Bank

Bangladesh Krishi Bank (BKB) Chairman Mohammad Ismail (C) addressing as the chief guest a conference of the bank's divisional and regional audit officers, chief regional managers and branch managers of Barisal division in Barisal city on Tuesday

Chairman of Peoples Insurance

Chairman of Peoples Insurance Company Limited (4th from L) Jafar Ahmed Patwari addressing a 'Motivational Workshop for Business Development and Conference 2019' in the city recently while directors and senior executives of the company were present

Modhumoti Bank and Aman Plastic Industries

Senior executives of Modhumoti Bank Limited and Aman Plastic Industries exchanging documents after signing an MoU on payroll services in the capital on Tuesday