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

World Bank to back $8.5b 'Blue Network' megaproject

The World Bank has agreed to lend US$600 million in the first go to support the interim government's flagship 'Blue Network Programme' that seeks to restore to life and protect all rivers, canals and drainage channels in and around Dhaka.Officials say the initiative aims to create an integrated ecological system...

Parties agree on referendum to implement July Charter

A major breakthrough comes in the prolonged post-uprising national-consensus-building process with the deadlock over the implementation modality of the July Charter unscrewed as the squabbling politicians agree on referendum.The political parties and the National Consensus Commission, however, have yet to finalise the details of holding the referendum as some parties...

NBR's field-level tax zones asked to strengthen their IICs

The National Board of Revenue (NBR) has instructed its all field-level tax zones to strengthen their Intelligence and Investigation Cells (IICs) for expediting recovery of evaded taxes and enhancing revenue collection by preventing tax evasion.The directive issued from the office of the Member Mohammad Mostafa (Tax Audit, Intelligence & Investigation)...

Remittances hit $2.69b in Sept, 5th-highest monthly inflow

Bangladesh received US$2.69 billion in remittances in September, the fifth-highest monthly inflow on record, signalling a rebound in foreign-currency earnings.The rise in remittance earnings offers a much-needed respite for the economy, which has been grappling with multiple macroeconomic challenges amid a persistent foreign-exchange (forex) shortage, officials and analysts said.According to...

Nine more die of dengue as daily toll spikes

With the second-highest daily toll and the highest daily cases of hospitalisation during the 24-hour period to Sunday morning, the dengue situation worsened in the country. Nine patients died of dengue during the period across the country, bringing the death tally to 14 in the first five days of this...

Q1 exports rise, offset Sept fall

Bangladesh experiences ups and downs in export performance in the first quarter of the current fiscal year with the three-month earnings posting an overall growth of 5.64 per cent to US$12.31 billion, outweighing a monthly fall in September. The country's merchandise exports recorded a 4.61-percent fall in September year on...