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

Foreign operators, personnel getting 10-year tax holiday

Two foreign operating companies investing in Bangladesh's Laldia and Pangaon container terminals to handle seaborne cargoes are receiving 10-year tax holiday, the revenue authority unveils government decision on just-signed deals. Also, foreign technical personnel working in these terminals will also come under the purview of this cent-percent tax waiver, National...

New office under finance ministry to conduct G-sec auctions

The government has planned to separate treasury operations from the Bangladesh Bank (BB) as part of a move to keep the monetary functions of the central bank away from fiscal dominance.This comes after the International Monetary Fund (IMF) and the World Bank (WB) suggested the split, saying treasury operations often...

Yunus seeks military, police support during polls

Chief Adviser (CA) Professor Muhammad Yunus has sought support of the armed forces, police and other law enforcement agencies to conduct the upcoming national elections, scheduled for the first half of February, in a peaceful and festive manner, reports BSS."So now is the time for the election. We are looking...

CEC seeks political parties' help for greater voter turnout

Chief Election Commissioner (CEC) A M M Nasir Uddin on Wednesday sought cooperation from the political parties to increase voter turnouts at the polling centres during the upcoming national elections. "The impact of your call will be much higher than the campaign we run for drawing voters," he said, addressing...

Higher direct taxes could reduce poverty, income inequality in Bangladesh: Study

Bangladesh has significant potential to reduce poverty and narrow income inequality by increasing revenue from direct taxes while reducing its heavy reliance on indirect taxes, which currently make up 67 per cent of total annual tax collection, according to a new study.The study estimates that if direct and indirect taxes...

Islamic banks face operational risks following systemic failures

Islamic banks in Bangladesh confront multiple risks and need stronger shariah governance, dedicated risk-management units and a unified operational-risk framework to safeguard institutional stability, experts say.The risk factors stem from rising process failures, cyber-threats and governance lapses.Experts and economists listed the headwinds and remedies Wednesday at a research workshop on...