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

Next budget to have realistic goals

Bangladesh switches focus from macro- onto micro-centric economic activity with budgetary focus on trade expansion, job creation and investment that benefits all. Finance Adviser Dr Salehuddin Ahmed, the custodian of the national exchequer under the post-uprising government, explained the aforesaid vision, which guided him in authoring his maiden work, during...

Some $18b-$20b laundered during AL regime: Mansur

Some US$18 billion to 20 billion had been laundered during the deposed past regime and the central bank under the interim government launched an all-out drive for freezing the siphoned-off assets of Bangladeshis abroad, says Dr Ahsan H. Mansur.The main target of the central bank is to go for maximum...

Controversial 'minimum value' imposition on imports may go

A long-despised fiscal measure styled 'minimum value' provision in the customs act is up for getting axed to allow importers to assess transactional value for imposition of duty taxes, sources said.The much-debated provision has affected competitiveness and capital flow of the businesses for long as customs officials were empowered to...

BRAC Bank MD tenders resignation

Managing Director (MD) and Chief Executive Officer (CEO) of BRAC Bank PLC Selim R.F. Hussain has submitted his resignation to the board of directors, effective from Tuesday. The board has accepted Mr. Hussain's resignation and has sought Bangladesh Bank's approval in this regard, according to a press statement issued by...

GDP growth marks post-Covid low at 3.97 per cent

Bangladesh's economy has faced a significant slowdown in the current fiscal year, with the three big sectors - agriculture, industry, and services - recording slower growth, official data showed on Tuesday.The FY25 gross domestic product (GDP) growth was recorded at 3.97 per cent, the lowest since the coronavirus-impacted FY20, provisional...

Investment most pressing challenge for economy: CPD

Weak investment remains the most pressing challenge facing the economy, according to the Centre for Policy Dialogue (CPD), which expects that some uncertainties might ease after the upcoming general election."We have not been able to stimulate investment, and this is the biggest challenge for the economy," says Dr. Mustafizur Rahman,...

Govt officials stage no demo today

The agitating government officials and employees will not demonstrate today (Wednesday) at Bangladesh Secretariat as they were assured by the high-ups of the administration that their demand would be considered.They took the decision following a meeting on Tuesday with the senior secretary of the ministry of land ASM Saleh Ahmed...

Trader shot, robbed of Tk 2.2m

A group of unidentified assailants shot a money exchange businessman and robbed local and foreign currencies worth over Tk 2.0 million (Tk 22 lakh) from him in broad daylight in the capital's Mirpur area on Tuesday morning.Victim Jahidul Islam (55), owner of Mahmud Money Exchange, suffered serious injuries.He was admitted...