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

Durga Puja becomes a festival for all: CA

Extending his greetings to the country's all members of the Hindu community, Chief Adviser Prof Muhammad Yunus has said that Bangladesh is a country of communal harmony."Durga Puja is not only a festival of the Hindu community… it has now become a festival for all. The destruction of evil forces...

Pvt-sector credit flow slows

Private-sector credit flows ebbed down with economic activity hitting the rock bottom amid the August mass uprising that led to the fall of Sheikh Hasina regime, officials said.Under domino effect of the political unrest, the country's overall economic activities remained almost at a standstill during most parts of that month....

ADB offers $1.15b in budget support

The Asian Development Bank (ADB) assures Bangladesh government of providing nearly US$1.15 billion for bankrolling budget in the current fiscal year (FY) of 2024-25, officials said Wednesday after project-review talks. The country programming mission (CPM) of the ADB sat Wednesday with Economic Relations Division (ERD) and relevant ministries to prepare...

Graft in RHD projects cost up to Tk 508b in 15 years: TIB

Highest Tk 508.35 billion and lowest Tk 292.30 billion were transacted in bribe to construct and develop roads, highways and bridges during the last 15 years through creating a culture of rule violation and deviation in implementing road sector projects that saw highest budget allocations, TIB findings reveal.According to a...

Inflation edges down 1.0pc, price respite awaited

Inflation has already edged down 1.0 per cent following fiscal interventions and a respite from price rises is awaited, Finance Adviser Dr Salehuddin Ahmed said Wednesday and urged all to have patience to get the assured consumer relief. "We could keep inflation rate at steady level to some extent. Taming...

Six major reasons to blame for export data mismatch: EPB

Export Promotion Bureau (EPB) has identified six major reasons including multiple entries of same data, discount on sales volume and receipt of less than Initial LC Value behind incongruity in the country's export earnings data.Local sales from export-oriented companies, apparels' CMT export (cut-make- trim) and samples transfer were also behind...

NBR gets advisory panel for reforms

The Internal Resources Division (IRD) on Wednesday formed a five-member advisory committee to bring positive reforms in the National Board of Revenue (NBR).The advisory committee would recommend revenue policy, administration reform, evaluate organisational capacity of NBR and recommend its modernisation.It would also give advice on integrity and good governance, organisational...

Case filed against Joy, Palak, others

A case has been filed against 19 people, including former Prime Minister Sheikh Hasina's son Sajeeb Wazed Joy and former state minister for ICT Zunaid Ahmed Palak, over allegations of leaking and selling citizens' National ID (NID) data.The lawsuit, filed under the Cyber Security Act on Wednesday, also implicates 15...

Slow deposit growth in shariah banks

The flow of deposits in shariah-based banking operations fell slightly while investment marked a steady rise in July as Bangladesh saw the build-up of a mass uprising that led to the fall of the Sheikh Hasina regime.When it comes to wage earners' remittance and assets, unconventional banks have kept losing...

A long tailback of fast-moving traffic forms on Mayor Hanif Flyover

A long tailback of fast-moving traffic forms on Mayor Hanif Flyover on Wednesday, a day before the start of a four-day Durga Puja holiday today (Thursday). Gridlock was witnessed almost everywhere in Dhaka city, disrupting commuter movement. — FE Photo by Asad-Uz-Zaman