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

Laundered money goes into two sovereign funds

Attached and frozen assets of the oligarchs who "plundered people's money" during the deposed regime of Sheikh Hasina will go into two separate sovereign funds the interim government has decided to form.Bangladesh Bank Governor Dr Ahsan H Mansur Monday disclosed the decision about the modalities of appropriations of the stolen...

National trade, import disrupted for taxmen’s strike

A prolonged pen-down protest by revenue officials demanding the scrapping of an ordinance that bifurcated their board takes a heavy toll on total supply-chain management of imports, besides tax-collection slowdown.Meanwhile, the protesting officials of the National Board of Revenue (NBR) have suspended their strike for today (Tuesday) following government assurances...

Funds flowing in as Japan follows IMF, ADB, WB lead

Budget-bankrolling funds are flowing in as Japan now agrees to lend Bangladesh around US$350 million following the footstep of multilateral lending trios of the IMF, the ADB and the World Bank, officials said Monday.Bangladesh's largest bilateral donor, Japan, at a negation Monday with the Finance Division and Economic Relations Division...

Jul-Jan budget deficit up 73pc on slow tax receipts

Bangladesh's budget deficit surged by 73.04 per cent in the first seven months of the current fiscal year compared to the same period in FY24, driven largely by sluggish tax collection, official data shows.According to the Ministry of Finance (MoF), the total government expenditure stood at Tk 2.746 trillion during...

USD rate up slightly under mkt-based regime

The interbank exchange rate of the US dollar against Bangladeshi taka starts moving up slowly following the implementation of market-driven exchange-rate regime.Because of the rise, the reference rate published by Bangladesh Bank (BB), the country's central bank, rose to Tk 122.31 per dollar at the end of the business hours...

Govt to hold urgent meeting today

In response to the newly-imposed restrictions on the import of some Bangladeshi products to India through different land ports, the government is set to hold a meeting today (Tuesday) to devise necessary strategies, including taking immediate steps, sources said.The next course of action and the existing challenges in exporting Bangladeshi...