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

Over 80pc businesses find current tax rates 'unfair'

Eighty-two per cent of businesses consider the current tax rate "unfair" and a major obstacle to growth, according to a survey conducted by the Centre for Policy Dialogue (CPD).The survey found that 79 per cent of participating businesses identified lack of accountability among tax officials as a major problem, while...

NBR suspends manual VAT audits to curb graft: NBR chief

The National Board of Revenue (NBR) has announced that manual selection of Value Added Tax (VAT) returns for auditing will remain suspended indefinitely, if necessary, to prevent any scope for corruption in file selection."The scrutiny would stay halted until the NBR develops an automated, risk-based audit system for VAT files,"...

Bangladesh Bank net profits up 52pc in FY25

The Bangladesh Bank (BB) made a record by bagging net profits of around Tk 230 billion in FY25 - a 52 per cent increase from the previous fiscal year. The frequent rise in the policy rate and commercial banks' growing dependence on the central bank's liquidity-feeding instruments helped the regulator...

Applications to set up digital bank invited again

Bangladesh Bank (BB) has once again invited applications from eligible institutions to secure a license of establishing a digital bank to accelerate the country's shift to cashless transactions and digital financial services.In a press statement issued on Tuesday, the central bank has, in principle, decided to issue licences for digital...

BB releases 100m new notes, but scarcity persists

The Bangladesh Bank (BB) has released more than 100 million new banknotes since June 1 this year, but those are hardly seen in the market.The new notes do not contain Sheikh Mujibur Rahman's portrait.The central bank began issuing notes of Tk 1,000, Tk 50, and Tk 20 denominations in early...

Internet, smart phone users up in country

The number of Bangladesh's internet and smart phone users increased significantly in the last fiscal year as the countrymen are fond of using hand phones with internet facilities, a survey by the Bangladesh Bureau of Statistics (BBS) has revealed.The only-mobile-phone users in villages are higher than that in the urban...

Min 20 workers of a factory can form TU

At least 20 workers can form a trade union (TU) while as many as five such unions would be allowed in a factory in order to make formation of TUs easier for workers. However, representation from the majority of workers in a factory will be required for collective bargaining for...