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

Lending 27pc to CMSMEs made a must-do for banks

A latest regulatory move makes it a must-do for banks and nonbanks to lend minimum 27 per cent of their credits to cottage, micro, small and medium enterprises, as new government policy pivots to job-generating economic growth. Bangladesh Bank (BB) issued Monday a financing-related master circular for the CMSME sector,...

Revenue chief unveils huge undercover tax evasion

In one case of undercover tax evasion, the national revenue authority has detected a businessman having brought from abroad Tk 7.30 billion in the guise of remittance.Under a provision of the Income Tax Act 2023, expatriates are exempt from payment of taxes on their home-bound remittances.Additionally, if the money is...

Offshore Sonadia remains forest, not ecotourism park

Offshore Sonadia remains a reforested forestland in a reversal of the Hasina administration's decision allocating 9,467 acres of the island to BEZA for establishing an ecotourism park.With policy redirection following the regime change through the July-August 2024 mass uprising, the interim government has now taken initiative to transfer the land...

Probe against Salman F Rahman starts over Tk 220b 'embezzlement'

The Anti-Corruption Commission (ACC) opened an investigation against Salman F Rahman over allegations of embezzling Tk 220 billion in the procurement of COVID-19 vaccines, reports bdnews24.com.He was the adviser to the ousted prime minister Sheikh Hasina and vice-chairman of Beximco Pharma."The commission has decided to investigate allegations that an unscrupulous...

Habibur Rahman resigns as SBAC MD

Habibur Rahman, managing director (MD) and chief executive officer (CEO) of South Bangla Agriculture and Commerce (SBAC) Bank, has resigned on personal grounds.He submitted his resignation to Md Moklesur Rahman, chairman of the bank, at a board meeting on Sunday, a senior official of the private commercial bank told the...

Prayer, Sehri, Iftar Timings (2025-03-18)

Clothing sales gather pace at different shopping malls

Clothing sales gather pace at different shopping malls in the capital city, as there are only a few days to go before the Eid festival. In the picture taken at Bashundhara City on Monday, customers are buying clothes of their choice. — FE Photo by Asad-Uz-Zaman