Govt may scrap black money whitening scope today
The government may scrap the entire black money-whitening facility at the advisory council meeting scheduled for today.The council is set to approve an amended Finance Ordinance 2025 by abolishing existing facility to invest undisclosed money in land and house properties by paying higher taxes, effective from July 1, 2025.The Finance...
Read more
BD prepares for Chinese FDI surge, export spurt
Bangladesh prepares to receive prospective higher Chinese foreign direct investment (FDI) under its broader strategy to strengthen trade competitiveness amid challenges linked to its graduation from least-developed country (LDC) status and forex constraints. The government moves for action on intelligence tips that higher FDI inflow from China could play a...
Read more
BB recommends Nagad restructuring as a public bank's subsidiary
The Bangladesh Bank has recommended immediate revoking of the interim approval for the scam-hit mobile financial service (MFS)-provider Nagad and its restructuring as a subsidiary of a state-owned bank for the time being.If restructured, Bangladesh Bank and the designated state-run bank could jointly manage Nagad temporarily before handing it over...
Read more
Govt declines PDB's Tk 566b loan-to-subsidy proposal
The finance ministry has turned down a proposal from the Power Division under the Ministry of Power, Energy and Mineral Resources to convert the Bangladesh Power Development Board's (BPDB) outstanding loan of Tk 566 billion to a subsidy, citing excessive fiscal pressure, according to officials.The Power Division recently urged the...
Read more
