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

Bangladesh secures $3.3b ITFC annual financing

Bangladesh signs a US$3.3-billion annual financing deal with the International Islamic Trade Finance Corporation (ITFC) for this fiscal year, ensuring continued support for fuel, liquefied natural gas (LNG) and fertilizer imports.Officials say the agreement was signed Sunday at the ITFC headquarters in Jeddah during the official visit by a high-level...

Regulatory panacea fails to resuscitate investment, spur economic growth

Regulatory panacea works little to resuscitate investment and economic expansion as formal private credit growth stays almost stagnant in signs of prolonged slowdown in Bangladesh's private-sector-led economy.To breathe life into the $500-billion-plus economy after months of sluggishness, Bangladesh Bank (BB) has taken up numerous remedial measures, including a stimulus package...

Export incentives retained for 43 sectors in FY '27

The government has decided to continue export incentives and cash assistance for 43 sectors in fiscal year (FY) 2026-27, despite having its previous plan to phase out such subsidies ahead of Bangladesh's LDC graduation.The Foreign Exchange Policy Department (FEPD) of Bangladesh Bank (BB) in a circular on Sunday said the...

NBR warns taxpayers against audit scam calls

The National Board of Revenue (NBR) on Sunday warned taxpayers against fraudsters posing as tax officials and demanding money on the pretext of exempting tax files from audits.In a press statement, the revenue authority said it had recently noticed that a group of scammers has been contacting taxpayers from different...

BIDA opens 44 SOEs to private investment

The Bangladesh Investment Development Authority (BIDA) on Sunday unveiled investment portfolios for 44 state-owned enterprises (SOEs), inviting private sector participation to revive underperforming industrial assets, create jobs and reduce the government's fiscal burden.Under the initiative, local and foreign investors will be able to invest in the enterprises through public-private partnerships...

Prayers offered for Khamenei on day two of funeral ceremonies

TEHRAN, July 5, (AFP): Prayers were held Sunday over the casket of Iran's late supreme leader Ali Khamenei, the second day of funeral ceremonies that have drawn huge crowds to pay their final respects in Tehran.Khamenei ruled the Islamic republic from 1989 until he was killed aged 86 in an...