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

Some $16b laundered annually during Hasina regime

Some US$16 billion was siphoned off Bangladesh annually during Sheikh Hasina's "corrupt autocracy", leaving the country in a state of plunder and economy in a shambles when she fled amid a mass uprising. The observations are laid down in the White Paper on the state of the economy following her...

Tarique, Babar, others acquitted

Exiled acting BNP Chairman Tarique Rahman, former state minister for home affairs Lutfozzaman Babar and all other accused of the August-21st grenade attack on an opposition rally are now exonerated. The High Court Sunday struck down the verdict pronounced by the trial court in two cases filed over the attack...

All 10 banks diagnosed 'distressed' found technically bankrupt

All the 10 banks marked as 'distressed' by the regulators are "technically bankrupt" and illiquid, according to the draft white paper that painted a dismal state of Bangladesh economy following past reign of plunder. The draft 'White Paper on State of Bangladesh Economy', made public following its submission to the...

AL cronies, lobbyists, pvt producers major players in energy sector

Members of the fallen regime of the Awami League, lobbyists, private business and independent power producers became major stakeholders in power and energy sector bypassing due processes, the 'White Paper on the State of Bangladesh Economy' revealed on Sunday.The energy adviser, the state minister for power and the power division...

'Data ecosystem highly foggy, toxic for the gullible'

The past regime cooked macroeconomic data according to its will for political appeasement, the White Paper committee has found. "Was growth real?" the committee questioned in the draft White Paper shared with newsmen on Sunday after handing it over to Chief Adviser to the interim government Dr Muhammad Yunus. The...

Renewable power plants get 15-yr tax exemption

The tax exemption for renewable energy-based power plants has been extended up to 15 years.The investors will be entitled to a full tax exemption for the first 10 years of their operations, according to a Statutory Regulatory Order (SRO) issued by the National Board of Revenue (NBR) on November 27.The...

Notice (2024-12-02)

Today's issue of the FE contains some selected segments of the draft White Paper on State of the Bangladesh Economy, which was handed over to Chief Adviser Prof Dr Muhammad Yunus on Sunday. Some more segments will be published tomorrow (Tuesday).