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

Rate reset, reopening factories key priorities

Resetting higher interest rates and helping in reopening closed factories through default loan rescheduling and fresh working-capital lending are among first priorities set by the newly appointed Bangladesh Bank governor. Explaining Governor Mostaqur Rahman's directions to the central bank's hierarchy on the first day of takeover Thursday, a BB spokesman...

TIB flags concerns over hiring of new BB boss

Transparency International Bangladesh (TIB) on Thursday expressed concern over whether the newly appointed governor of Bangladesh Bank (BB) would be able to discharge his responsibilities independently and rise above potential conflicts of interest.In a statement, the anti-corruption watchdog raised doubts about how a readymade garment and real estate entrepreneur, who...

‘No comment’

Finance and Planning Minister Amir Khosru Mahmud Chowdhury on Thursday repeatedly declined to comment on the abrupt change in leadership at the central bank."No comment," he said repeatedly when asked by reporters about the appointment of the new governor at the central bank.The new governor, Md Mostaqur Rahman, met the...

Govt waives Tk 10,000 loan each for 1.2m farmers

At a peasant-relief direction from the new Prime Minister, the government has decided to waive agricultural loans of up to Tk 10,000, along with accrued interest, benefiting 1.2 million smallholder farmers across Bangladesh.The decision was made at a cabinet meeting held Thursday at the Bangladesh Secretariat with Prime Minister Tarique...

Book fair will go global next year, PM hopes

Amid the grandeur of the Amar Ekushey Book Fair's inauguration, Prime Minister Tarique Rahman has called for a bold step: transforming the annual celebration of Bengali literature into an international literary festival, showcasing Bangladesh's language and culture to the world, reports bdnews24.com.He spoke at the opening of the fair at...

GDP growth may be 4.5pc this fiscal year

Bangladesh's economy is expected to grow by 4.5 per cent this fiscal year, a little below earlier projections by Oxford Economics, as it believes the second-quarter growth ending December slowed alongside poor export growth in key markets.However, the growth in fiscal year 2025-26 picks up above 3.49-percent mark determined for...

Court orders attachment of 518 UK flats, houses of Saifuzzaman

A Dhaka court on Thursday ordered the attachment of 518 houses, flats and apartments in the United Kingdom owned by former land minister Saifuzzaman Chowdhury in connection with a money laundering case.The properties are valued at approximately £271.85 million, according to case documents.Md Sabbir Faiz, judge of the Metropolitan Senior...

Deadline for income tax return filing extended

The government has extended the deadline for individual taxpayers to submit their income tax returns until March 31 following a poor response from taxpayers.The previous deadline is set to expire on February 28.The National Board of Revenue (NBR) issued a circular on Thursday announcing the extension.This marks the fourth consecutive...