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

High-stakes virtual meet on July 29

A US-Bangladesh crucial virtual meeting is set for July 29 amid an eager wait of businesses for pullback of 35-percent additional tariff hanging over select Bangladeshi exports-barely three days before its prescheduled effect.Commerce Adviser of the interim government Sk Bashir Uddin confirmed the latest negotiation date during a media briefing...

Ctg port tariffs poised for steep rise

Bangladesh's external trade is set to get costlier as the government Thursday approved a proposal for increasing tariffs on both goods and vessels at Chittagong seaport, in some cases up to 10 times or above, officials said. The ministry of finance gave the all-clear to the proposal submitted by the...

Ex-CJ Khairul held, sent to jail in murder case

Former Chief Justice ABM Khairul Haque, widely blamed for tampering with the verdict that abolished the election-time caretaker-government system, was held Thursday and sent to jail in a murder case. In an instant reaction, the Bangladesh Nationalist Party that had led a prolonged movement for polls under such revived nonpartisan...

CID identifies five thru DNA tests, 12 die in hospital so far, toll at 33

The Criminal Investigation Department (CID) on Thursday identified five bodies of individuals who died in the Bangladesh Air Force fighter jet crash at Milestone School and College in the capital's Uttara area through DNA tests.The deceased have been identified as Okia Ferdous Nidhi, daughter of Faruk Hosain and Salma Akter;...

Pay commission for govt employees constituted

A new pay commission has been formed to determine the revised salary structure for government officials and employees, in tune with interim government's pledge for pay rises. "Former Finance Secretary and current Chairman of the Palli Karma-Sahayak Foundation Zakir Ahmed Khan has been appointed head of the commission," said Shafiqul...

Exports to India rise 11.05pc in FY25 despite non-tariff barriers

Bangladesh's exports to India rose by 11.05 per cent year on year in the fiscal year 2024-25, reaching a record $1.76 billion, up from $1.57 billion in FY24, despite non-tariff barriers, port restrictions, and regulatory bottlenecks.According to data from the Export Promotion Bureau (EPB), the growth reflects the resilience of...

Economists for urgent reforms amid ongoing economic woes

Despite recent signs of macroeconomic stabilisation, economy faces deep-rooted fiscal-and financial-sector challenges, economists warned on Thursday.Speaking at an event in the capital, they listed challenges like subdued growth, persistent high rate of inflation, elevated fiscal risks, and a vulnerable banking sector and called for urgent reforms to stabilise the economy.They...