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

WB for better transparency, governance in taxation

In a call on Bangladesh Chief Adviser Professor Muhammad Yunus at the State Guest House Jamuna, World Bank Vice-President Martin Raiser on Tuesday suggested separation of tax administration and tax policy to improve transparency and governance in the revenue system. Raiser said parliament should be the sole authority to decide...

Govt strategy coming for export competitiveness of 4 major sectors

Government authorities have got down to devising a strategy for keeping competitiveness of four major export sectors beyond apparel after 2026 when export subsidy will go following Bangladesh's graduation from world's poor-country club.The four sectors -- leather and leather goods, jute goods, agriculture and agro-processed goods, and pharmaceuticals -- are...

Adani asked to resume full-scale power generation

Bangladesh asks the contracted Indian conglomerate to resume full-scale operation of its Adani Power Jharkhand Ltd (APJL) plant as the oncoming summer is to hike country's power demand.The state-run Bangladesh Power Development Board dispatched a letter to Adani a couple of days back to generate full-capacity electricity of around 1,496...

Bangladesh 14th most corrupt nation in the world: TI

Bangladesh has scored its lowest in 13 years on the Corruption Perceptions Index (CPI) 2024 released by Berlin-based Transparency International (TI). With a score of 23, down by one point from that in 2023, Bangladesh ranks 151st out of 180 countries, marking a two-step decline from its previous position. It...

CA worried about US aid freeze

Chief Adviser Prof Muhammad Yunus raised concern over the US decision to freeze aid to key projects in Bangladesh, including lifesaving efforts of ICDDR'B, and sought continuity of the development funding. He expressed the concern when US Chargé d'affaires in Bangladesh Tracey Jacobson called on him at the state guesthouse...

500 e-buses to be launched in Dhaka

An initiative has been taken to introduce a modern city bus service with 500 electric buses by developing the necessary infrastructure under the bus-route franchise (BRF) system. The aim is to improve the air quality of Dhaka, which is often ranked as having the world's most polluted air.Under the Bangladesh...

Over 600 held on third day

The joint forces arrested 607 people across the country under 'Operation Devil Hunt' on the third day of the operation, reports UNB. It brings the total arrested in the first three days of the operation till Tuesday afternoon to 2258, said sources at the police headquarters. Some 1168 of the...

A steady stream of people descends the staircase

A steady stream of people descends the staircase connected to the city's Babubazar Bridge. Those, especially from the lower- and lower-middle classes who cannot afford the high cost of accommodation in the capital Dhaka, reside in Keraniganj and use the bridge on their way to work. The photo was snapped...