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

RMG cash incentives redoubled for spinning mills' revival

Cash incentives for Bangladesh's export-oriented ready-made garment (RMG) manufacturers have been redoubled to 5.0 per cent from 1.5 per cent for resuscitating struggling spinning industry through greater use of locally produced yarns and fabrics.The Finance Division issued on July 9 a notification making the revised incentive package effective retrospectively from...

IMF to assess BD macroeconomic situation, negotiate new credit prog

An International Monetary Fund (IMF) team will engage in weeklong parleys with finance officials from tomorrow to assess Bangladesh's macroeconomic situation and discuss new financing packages, officials say. The IMF Mission Chief for Bangladesh, Ivo Krznar, will lead the 11-memebr delegation which will stay in Dhaka until July 17 discussing...

BB stops dollar buy to skip exchange rate volatility

Growing pressure of government's LC opening for imports to feed an expansionary economy prompts the central bank to hold its foreign-exchange-market intervention to keep taka-dollar pricing rates stable.The Bangladesh Bank (BB) started the market intervention on July 13 last year in the wake of a persistent fall in the exchange...

PM takes 10 measures to tackle floods in Ctg region

Prime Minister Tarique Rahman has taken a 10-point package of measures to address the flood and landslide situation in Chattogram and adjoining districts following days of heavy rainfall and hill runoff.Prime Minister's Office (PMO) Spokesperson Mahdi Amin shared the measures in a Facebook post on Friday, reports UNB.He said the...

Incessant rainfall since Friday morning causes waterlogging in several parts of the capital

Incessant rainfall since Friday morning causes waterlogging in several parts of the capital, causing suffering to residents. The photo was taken from the Mirpur-Kalshi Road. — FE Photo

Flooding worsens as rivers rise, hundreds of thousands affected

Bangladesh's flood situation deteriorated further on Friday as days of torrential monsoon rain and upstream flows inundated large parts of the southeast, northeast and northern river basins, prompting fresh evacuations, disrupting public services and raising fears of further flooding over the next 24 to 72 hours.The Bangladesh Water Development Board's...

EU urges NBR to remove hurdles for European firms

The European Union (EU) has requested the NBR to remove two long-standing tariff and regulatory bottlenecks, saying its resolution would send a strong signal of Bangladesh's commitment to improving the investment climate for European businesses.The EU made the request recently in a letter to newly appointed National Board of Revenue...