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

Bangladesh braces for $4.5b fresh IMF credit negotiations

The government wants to implement reforms that are "realistic" and "compatible with the country's ground reality" in phases as Bangladesh braces for negotiating a newly planned credit programme with the International Monetary Fund (IMF).Sources say the new government won't come out from reforms as a whole as agreed under the...

Deal signed on $1.4b ADB financing for four projects

The Asian Development Bank will provide Bangladesh with $1.4 billion in financing and assistance for four major projects aimed at strengthening economic management, social protection and infrastructure development in the country.The financing agreement was signed between Bangladesh's Economic Relations Division (ERD) under the Ministry of Finance and the ADB at...

Govt plans 0.2pc turnover tax on retailers in FY ’27 budget

A new fiscal measure to bring retail businesses under the tax net by introducing a nominal turnover tax is set to come in the upcoming FY27 budget.The model, the first of its kind, would help the government mop up revenue from the informal economy.Under the measure, dealers or manufacturers would...

Khurshid new chairman of Islami Bank as incumbent quits

Former Bangladesh Bank Deputy Governor Md Khurshid Alam was appointed independent director and chairman of Islami Bank Bangladesh on Sunday afternoon in quick succession after the incumbent quit amid commotion outside.Prof M. Zubaidur Rahman earlier in the day resigned as chairman of the bank, in a latest development in shariah-based...

Foreign aid falls sharply amid rising debt servicing

Foreign aid disbursements, including loans and grants, to Bangladesh declined by 17.96 per cent during the first 10 months of the current fiscal year compared to the corresponding period of FY25, while fresh aid commitments fell sharply by more than 34 per cent, according to the latest data from the...

Bidding for offshore hydrocarbon exploration launched

Bangladesh Sunday launched long-awaited offshore bidding round with 26 hydrocarbon-exploration blocks on offer for international oil companies (IOCs) to grab under attractive contractual terms.Iqbal Hasan Mahmood, Minister for the Ministry of Power, Energy and Mineral Resources (MPEMR), announced the opening of the bidding at a press conference in the secretariat,...

CDDL gets six-month extension to run NCT

CHATTOGRAM, May 24: The government has decided to extend the contract of Chittagong Dry Dock Limited (CDDL) for operating the New Mooring Container Terminal (NCT) of Chattogram port for another six months or until a new operator is appointed.CDDL, operated by the Bangladesh Navy, which officially took over the management...

Iran deal 'largely negotiated', says Trump

Washington and Iran have "largely negotiated" a memorandum of understanding on a peace deal that would reopen the Strait of Hormuz, US President Donald Trump said, as expectations rose that a breakthrough might be imminent in the three-month-old war, reports Reuters.Trump said the emerging agreement being brokered by Pakistan would...