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

Release of stalled IMF loan tranches in limbo, for now

High-level discussions at the Washington headquarters of the IMF on stalled fund release also ended sans agreement, leaving disbursement of the fourth and fifth tranches of its $4.7-billion loan to Bangladesh cloaked in uncertainty. Sources at Bangladesh Bank (BB) gave such an indication Monday about outcome of the negotiations with...

Refrigerator, AC making poised for redoubled VAT

Local manufacturers of air-conditioners and refrigerators are likely to see a twofold hike in value-added tax (VAT) in the upcoming fiscal year, under government plans for raising revenues.Also poised for coming under higher taxation the local manufacturers of mobile-phone handset, official sources said.The hikes might come through the Finance Bill...

Shower brings relief to city-dwellers

A brief spell of rain in the morning and the evening on Monday provided relief for city-dwellers from the ongoing sweltering heat in the past few days in Dhaka like other parts of the country.According to Bangladesh Meteorological Department (BMD), the capital city, however, was not officially hit by a...

Jul-Mar container handling at Ctg ICDs up 15.7pc

Container handling at the inland container depots (ICDs) in Chattogram grew at a double-digit rate during nine months of the current fiscal year, signalling strong recovery and expansion in the country's external trade.During the July-March period of FY25, the ICDs handled 790,710 twenty-foot equivalent units (TEUs) of export-import cargoes, marking...

CA approves Starlink's licence to operate in BD

Chief Adviser Professor Muhammad Yunus has officially approved the licence for Starlink, the US-based satellite internet provider, to begin operations in Bangladesh, marking a significant step towards improving connectivity, especially in remote and underserved areas, reports UNB.The Chief Adviser approved the license on Monday, said his Special Assistant Foyez Ahmed.On...

India, Pakistan exchange small arms fire

SRINAGAR, April 28 (Reuters): India said on Monday it had responded to 'unprovoked' small arms firing from Pakistan along the de facto border for the fourth consecutive night, as it deepens its search for militants in the region following last week's deadly attack on tourists in Kashmir.After the April 22...