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

New BB chief too chooses monetary contraction

Bangladesh Bank continues its contractionary monetary-policy stance with the existing elevated policy rate unchanged to curb inflationary burden though some of its recent decisions raised questions over regulatory tightfistedness.The central bank's governor, Md. Mostaqur Rahman, Tuesday unveiled the monetary policy statement (MPS) for July-December period of the new financial year...

JS endorses Tk 9.38t budgetary spending in FY 2026-27

Parliament Tuesday approved a Tk 9.38-trillion national budget for fiscal year (FY) 2026-27 through clearing the new government's generous spending plans, after weeks of debate and rejection of over 1,300 opposition-backed cut motions.The budget, which takes effect today (Wednesday), the first day of the new fiscal year, was passed by...

Biz leaders seek effective MPS implementation

Business leaders have welcomed the Bangladesh Bank's Tk 60 billion refinancing package but called for stronger coordination between monetary and fiscal policies. They say the effective implementation of the central bank's latest measures in the Monetary Policy Statement (MPS) for July-December 2026 will be crucial for reviving private investment and...

Unmanned ACC stalls coordinated recovery drive

Bangladesh's coordinated efforts to recover caches of stolen assets from abroad lose steam as the Anti-Corruption Commission lies as an unmanned watchdog following the resignation of all the ACC commissioners.The nonfunctioning of the ACC delays investigations, criminal proceedings and cooperation with foreign jurisdictions, officials involved in the process have said.The...

BB unveils NPL combat roadmap

The central bank has unveiled a medium-term roadmap to reduce mounting non-performing loans (NPLs) through stricter supervision, faster loan recovery, legal reforms and adoption of internationally practised expected credit-loss standards. "The level of NPLs remains a key focus area for the banking sector, affecting bank profitability, capital adequacy ratios, liquidity...

Ambitious revenue target achievable: New NBR chief

An ambitious revenue target set for the new fiscal year is achievable if all concerned put employ their sincere and synergic efforts, newly appointed National Board of Revenue (NBR) Chairman Ahsan Habib begins with this conviction. Assuming office Tuesday, he called on tax officials to discharge their duties with "honesty,...

'A-Challan' made mandatory for govt receipts from July 1

The government has made A-Challan (automated challan) mandatory for depositing all public revenues and other government receipts from July 1 (today), the first day of the fiscal year (2026-27).To this effect, the Finance Division under the Ministry of Finance issued a notification on Tuesday.It also asked all the ministries, divisions,...