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

Trump stresses executing trade, defence deals

President Donald Trump has urged Bangladesh's newly elected Prime Minister, Tarique Rahman, to move swiftly on trade and defence agreements, using a congratulatory letter to underline Washington's strategic expectations from the new administration in Dhaka.In a letter dated February 18, Trump congratulated Rahman on what he described as his "historic...

Chiefs of three services meet PM

The chiefs of the three services paid a courtesy call on Prime Minister (PM) Tarique Rahman at the Secretariat on Thursday, reports UNB.Chief of Army Staff General Waker-Uz-Zaman, Chief of Naval Staff Admiral M Nazmul Hassan and Chief of Air Staff Air Chief Marshal Hasan Mahmood Khan met the PM...

Ultra-poor may get Family Card before Eid on pilot basis

Social-safety net takes a fresh boost as the new government decides on beginning to distribute its pledged 'Family Card' to recipients on a pilot basis before Eid-ul-Fitr.Also, on the second day of its function, the Tarique government made several other decisions that include the re-launch of countrywide canal-river-excavation and tree-planting...

5.0pc fall in Jul-Jan exports to India

Bangladesh's merchandise exports to neighbouring India have suffered a setback, with growth declining during the first seven months of the current fiscal year, mainly due to trade restrictions imposed by India.According to official data from the state-run Export Promotion Bureau (EPB), Bangladesh's overall exports to India fell by 4.98 per...

Call to scrap source tax on exports

Bangladesh should phase out the source tax on exports at the earliest opportunity, as it undermines competitiveness and distorts trade, according to a national taskforce on revenue reform.The panel argues that taxing manufacturing exports contradicts fundamental tax principles and weakens the country's export-led growth strategy.In its report submitted to the...

New govt faces fiscal space squeeze

A total of 86 development projects, stalled for more than a decade despite having an approved estimated cost of Tk 4.76 trillion, significantly squeezed the previous government's fiscal space, potentially limiting the new administration's ability to take up fresh schemes, officials at the Planning Commission say.According to them, Tk 3.23...