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

Govt to borrow 20pc higher from savings tools, 8pc more from banks

With an upscale new budget coming in few days now, the government targets borrowing 8.0-percent higher from the banking sector and 20-percent bigger from savings schemes to finance deficit amid unpromising revenue-earning prospects, officials say.According to Finance Division sources, in the next fiscal year, the government plans to borrow some...

Spl tribunal sends Sohel, his wife Swapna to gallows

Accused Sohel Rana and his wife, Swapna Khatun, both are sentenced to death in quick-trial judgment on the rape and murder of Dhaka's schoolgirl Ramisa Akter.A special tribunal in Dhaka Sunday handed down the capital punishment to the couple in the case of sensational incident in Pallabi in the capital...

Prime Minister and Leader of the House Tarique Rahman, along with lawmakers, observes a one-minute silence

Prime Minister and Leader of the House Tarique Rahman, along with lawmakers, observes a one-minute silence in the Jatiya Sangsad on Sunday following a condolence motion on the deaths of 16 former ministers and MPs before the start of the budget session.— Focus Bangla

New budget to offer tax breaks for renewables, SMEs, oil producers

More than a dozen tax measures are set to be proposed in the upcoming national budget to attract investment in renewable energy, edible-oil production and small and medium enterprises (SMEs), while broadening the country's tax base.Under the proposed measures, companies engaged in solar power generation and supply may enjoy a...

PM commends swift trial

Prime Minister Tarique Rahman Sunday expressed appreciation to the Minister for Law, Justice and Parliamentary Affairs and the Minister for Home Affairs for their roles in ensuring quick trial of the sensational Ramisa-murder case.As the news broke, the Prime Minister made the remarks while in a meeting of the Parliamentary...

JS spl body places 12-point must-dos

Augmenting strategic fuel reserves to cover at least three months' demand, diversifying import sources and introducing full digital monitoring of the energy-supply system are among the must-dos recommended by a special parliamentary committee for strengthening Bangladesh's long-term energy security.The panel, formed to review the country's energy situation amid a recent...

Inflation rises to 9.42pc in May

Point-to-point inflation accelerated further in May, driven by rising prices in both food and non-food categories, according to official data released on Sunday.Overall inflation, measured by the Consumer Price Index (CPI), rose to 9.42 per cent in May, data from the Bangladesh Bureau of Statistics (BBS) showed.The increase indicates that...

Apr pvt credit growth 4.75pc

Formal credit growth in the private sector remains almost static, reaching 4.75 per cent in April, signalling a deep slowdown in the country's business activities.The low trend in credit demand from private enterprises is attributed to banks becoming more cautious amid rising non-performing loans (NPLs) and private borrowers losing their...

BB launches Tk 30 billion refinance scheme to boost export diversification

Bangladesh Bank (BB) launched on Sunday a Taka 30-billion (3,000 crore) export diversification refinance scheme aimed at strengthening production capacity and expanding the country's export base beyond the ready-made garments (RMG) sector, reports BSS.The Sustainable Finance Department of the central bank issued a circular in this regard, saying the scheme...