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

Standard tax rate on 42 items to rise substantially

A major amendment to the value-added tax law is on the anvil to hike the standard VAT rate on 42 items up to 15 per cent under government bid to enhance revenue, as suggested by a multilateral donor. In some cases, as per the changes being made to the VAT...

DWASA's project at odds with master plan

Dhaka Water Supply and Sewerage Authority (DWASA) plans to spend Tk 10.52 billion on installing 62 new deep tube wells and rehabilitating 728 existing ones, aiming to extract an additional 576 million litres of water per day (MLD) from ground sources to meet the rising demand.The plan is part of...

Partial distribution of textbooks begins

Contrary to the past trend, students received some of their required textbooks on the first day of the New Year on Wednesday. There has been an uncertainty over the timely distribution of free books for the 2025 academic year, reports bdnews24.com.Many students returned home without all their required text books...

Monthly remittance receipt all-time high $2.64b in Dec

New year bodes well for Bangladesh as its monthly remittance receipt hits an all-time high at US$2.64 billion in December, coming as a boon for the government grappling with sub-par forex reserves. According to the central-bank data released Wednesday, such a record rise in receiving foreign currencies, the US dollar...

Hasina extradition not sole determinant of Indo-Bangla ties

Bangladesh's ties with India do not depend on single issues like extradition of deposed prime minister Sheikh Hasina, Foreign Affairs Adviser Md Touhid Hossain told reporters Wednesday, amid prevailing contentions on both sides. "This is just one of several issues between us--there are many other issues in our relationship with...

BB raises crawling peg rate by Tk 2.0

The Bangladesh Bank (BB) has raised the crawling-peg rate by Tk 2, bringing it from Tk 117 to Tk 119 in a move aimed at managing the dollar exchange rate.According to the central bank, an additional 2.5 per cent may be applied when purchasing foreign remittances, while banks are permitted...