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

SDF rate cut to 8.0pc to rescue call-money mkt

Policymakers bill it as a major monetary-policy change as the central bank cuts the standing deposit facility (SDF) rate by 50 basis points to 8.0 per cent trying to revitalize the sagging call-money market.Monetary policy department (MPD) of the Bangladesh Bank (BB) issued Tuesday a circular on the latest change...

July Shaheed Day today

The government will observe state mourning today to mark 'July Shaheed Day' (July Martyrs' Day), reports UNB.The Cabinet Division issued a notification in this regard on Tuesday.According to the notification, the government has decided to observe the day as state mourning day to mark July Shaheed Day.As part of the...

14 defiant NBR officials suspended

The government has suspended a total of 14 officials, mostly mid-level ones, of the National Board of Revenue (NBR) for allegedly defying high-ups' directives. To this effect, the NBR on Tuesday issued 14 separate orders, signed by NBR chairman Md Abdur Rahman Khan.The officials were allegedly involved in tearing up...

Rice at Tk 15 from Aug for 5.5m families

The government is starting its special programme in August to sell rice at Tk 15 a kg to around 5.5 million poor families across Bangladesh.This move comes as rice prices have been increasing sharply over the last five weeks. To keep the rice market stable, the government also plans to...

Indemnity-covered IPPs deals being reevaluated

Government move gets going for recasting the agreements signed on independent power plants during the Awami League regime under cover of a sort of indemnity law providing for unsolicited deals.Finance Adviser of the current interim government Dr Salehuddin Ahmed Tuesday unveiled the move as the government approved a legal-assistance proposal."The...

Businesses air concerns over US tariff hike

Expressing grave concerns, top business leaders Tuesday suggested government's strong negotiations with the USA so that the US tariffs on 'made-in-Bangladesh' goods do not exceed the rates of its competitor countries. They also requested the authorities concerned not to keep the country's businesses in the dark regarding the US tariff...