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

Economy encountering money market, BoP imbalances

The ongoing chaos in the country's financial market is the manifestation of inefficiency in managing the macro-economy, economists said.They warned that measures taken lately to shore up liquidity in banks could stoke inflationary pressure.Their observations came following the government's decision to deposit 50 per cent of state enterprises' funds with...

Economic growth set to hit 7.65pc this fiscal: BBS

Bangladesh's economic growth rate is expected to hit 7.65 per cent in the current financial year, supported by the industrial and agriculture sectors, the government said Tuesday.But economists were critical of the provisional growth rate, saying that the real economic activities are not compatible with the BBS's figures.The gross income...

DSE backs corporate tax cut demand

The government is willing to reduce the corporate tax rates in line with the proposals coming from various quarters."The government wants to slash the corporate tax rates, but it's not certain when it will happen," said National Board of Revenue (NBR) Chairman Md. Mosharraf Hossain Bhuiyan. He also termed the...

BB cuts banks’ CRR effective from Apr 15

The central bank of Bangladesh slashed on Tuesday the cash reserve requirement (CRR) by 1.0 percentage point to 5.50 per cent, enabling all the scheduled banks to use Tk 101 billion worth of additional fund, officials said.Under the revised rules, the banks will have to maintain 5.50 per cent CRR...

Inflation drops slightly in March

The point-to-point inflation rate in March dropped to 5.68 per cent compared to that of the previous month (February), official data showed.Bangladesh Bureau of Statistics (BBS) data, unveiled on Tuesday, showed that the point-to-point inflation decreased slightly by 0.04 percentage points in last month compared to 5.72 per cent in...

Israelis have right to their own land

Saudi Arabia's Crown Prince Mohammed bin Salman has declared that Israel has the right to its own land alongside Palestinians, according to a report by www.aljazeera.com. In an interview with the US-based The Atlantic magazine, the 32 year old heir to the Saudi throne declared: "I believe that each people,...

Vehicles seized on different occasions and left on the side of the main road

Vehicles seized on different occasions and left on the side of the main road in front of the city's Tejgaon Industrial Area police station hampering road repair as is seen in the photo taken on Tuesday showing how the contractor bypassed the parked van while doing the work — FE...

News Watch (04-04-2018)

No MCQ in PEC exams this year The government has decided to scrap Multiple Choice Question (MCQ) in Primary Education Completion (PEC) Examination from this year. Primary and Mass Education Minister Mostafizur Rahman made the announcement while replying to a journalist's query at a press briefing at the Secretariat on...