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

Forex reserves steadily rise over $27b now

Bangladesh economy feels some respite as the country's foreign-exchange reserves rebound to a 20-month high of US$27.41 billion by the end of April 2025 by official count, despite major payouts. Bangladesh Bank (BB) sources say the recorded reserves size was the highest since August 2023 when the figure was $29.26...

Businesses seek tax relief, govt gets clench-fisted for constraints

Gone are the days of tax exemptions and rebate as the government is under significant pressure to increase revenues, says the finance adviser as businesses seek cut-down taxes in forthcoming budget. "Many are demanding tax breaks in the budget but they must understand government's pressing need for domestic revenue mobilisation,"...

Tk 9.81b proposal to be sent back over high costs

After four failed projects over the past decade aimed at eliminating hazardous child labour, the Ministry of Labour and Employment has proposed a new Tk 9.81 billion project to withdraw 0.1 million children from labour and ensure their rehabilitation.The "Child Labour Elimination and Rehabilitation" project's cost is approximately 3.45 times...

ACC starts probing $400m tax exemption to Adani

An investigation into allegations of tax evasion amounting to $400 million involving the Adani Group of India has been launched by the Anti-Corruption Commission (ACC).The alleged evasion reportedly occurred through tax and duty exemptions granted under a power purchase agreement signed with the government when the Awami League was in...

No corridor sans two govts' nod, says UN

Any humanitarian support or supplies across the border from Bangladesh to Myanmar will first need to be agreed between the two governments, said a spokesman for the United Nations Wednesday. "The UN has a legal obligation to have permission from the governments concerned to deliver cross-border assistance, and without this,...

Indian military action likely in 36 hours

Pakistan said on Wednesday it has "credible intelligence" that India intends to launch military action soon, as tensions between the nuclear-armed neighbours escalate following a deadly attack on tourists in Indian Kashmir, reports Reuters.In the Apr 22 attack, the assailants segregated men, asked their names and targeted Hindus before shooting...

Holiday Notice (2025-05-01)

Prayer Timings (2025-05-01)

Historic May Day today --

The historic May Day will be observed today in the country and elsewhere across the world in a befitting manner, reports BSS.The theme of the day this year is "Workers and owners united; Lets rebuild this country anew."The day has been being observed across the globe since 1886 commemorating the...