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

BB buys $176.5m from banks to shore up forex reserves

Bangladesh Bank (BB) purchased a further US$176.50 million from commercial banks on Thursday, as part of its ongoing drive to stabilise the foreign-exchange market.This makes total dollar purchases since 13 July to US$798.50 million under the prevailing free-floating exchange-rate regime.According to BB sources, the fresh intervention was prompted by a...

Extend LDC graduation timeline

A clarion call now comes from leaders of major trade bodies for deferring Bangladesh's LDC graduation by three to five years as businesses are rendered unprepared by last few years' economic volatility.At a meet Thursday in Dhaka, they said the businesses were reeling from severe fallouts from Covid-19, the Russia...

Growth in corporate VAT in FY’25 halves

Consumption tax-collection growth declined to 4.47 per cent last fiscal year, impacting national revenue, mainly as sluggish business environment hit large businesses hard, sources said. A senior revenue official also cited graft in VAT collection as another reason, suggesting procedural changes to tap huge untapped potential for raising Bangladesh's comparatively...

Looted Bholaganj stones recovered partially in jt drive

SYLHET. Aug 14: The law enforcers started action against the people who looted stones from the Sadapathar area. In a joint drive conducted by the administration and joint forces, started since yesterday evening have recovered 12,000 sft stones from nearby areas. The stones would now be restored to their original...

Remittances from US surge 60pc in FY25

Although the Bangladesh-US trade talks dominated newspaper headlines in recent months, remittance inflows from the world's largest economy surged quietly in the background, posting an impressive growth of nearly 60 per cent in FY25, according to the Bangladesh Bank data.Official figures show remittance inflows from the US reached $4.73 billion...

EC to unveil election roadmap next week

The Election Commission (EC), led by AMM Nasir Uddin, will release its roadmap for the 13th general election next week, reports bdnews24.com.EC Secretary Akhtar Ahmed confirmed the timeframe on Thursday.He said the roadmap would contain a deadline-driven plan for election-related activities."We have discussed the EC's roadmap. Hopefully, we will be...