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

BB rebases REER to reflect economic reality

Bangladesh Bank has redrawn one of the most closely-watched indicators of the country's external competitiveness, updating its real effective exchange rate (REER) index to better reflect today's economic realities.For the first time, the central bank has factored remittance inflows into the calculation, an acknowledgement of how deeply overseas earnings now...

Merged Islamic banks' clients getting maximum 9.5pc profit

Depositors in the five Islamic banks merged into the newly formed Sammilito Islami Bank will receive profits at market rates of up to 9.5 per cent, says the regulator.But depositors in nine non-bank financial institutions (NBFIs) up for liquidation would receive only their principal amounts -- no interest or profit.Bangladesh...

Export industries can import raw materials duty-free for trade boost

Export-oriented industries can import raw materials duty-free under a new import policy that the government believes will strengthen trade competitiveness and support industrial growth. The post-uprising interim government Thursday approved the Import Policy Order 2025-2028 alongside a raft of ordinances aimed at strengthening trade facilitation, expanding legal protections for women,...

HC asks for appeal again on NCT deal

The High Court (HC) on Thursday discharged a rule that questioned the legality of the government action to award the container-handling contract of the New Mooring Container Terminal (NCT) at the Chittagong Port to a foreign company.The verdict was delivered by a single-member bench of Justice Zafar Ahmed after the...

Inheritance tax proposed under major reforms

A government-constituted expert panel has recommended introducing inheritance tax as part of broader efforts to widen Bangladesh's tax base and uplift the tax-to-GDP ratio to 15-20 per cent by 2035.The proposal is incorporated in the National Taskforce for Tax Reform report submitted to the Chief Adviser of the interim government...

Int'l court orders Niko to compensate $42m for Tengratila gas blowout

An international court has ordered Canadian Niko Resources Ltd company to pay US$42 million in compensation to Bangladesh for the explosion at Tengratila gas field in Sunamganj in 2005.Niko has been made liable to pay the compensation because of its operational negligence, according to the International Centre for Settlement of...

Tarique promises mango cold storage, Padma Barrage revival

BNP Chairman Tarique Rahman has pledged to establish cold-storage facilities for mangoes in Rajshahi and Chapainawabganj to help farmers preserve their produce and secure better prices, reports bdnews24.com.Speaking at an election rally at Madrasa Field in Rajshahi city on Thursday afternoon, Tarique said the region's vast mango orchards still lack...

Interim govt, EC must act in unison to hold free, fair polls

Bangladesh Jamaat-e-Islami Ameer Dr Shafiqur Rahman has emphasised that the interim government and the Election Commission (EC) must act in unison to hold a free, fair, violence-free and neutral national election as the people are yet to get full confidence in the poll process."The symptoms are not good. Different bad...

EC pulls out Jhenaigati UNO, OC

The Election Commission (EC) on Thursday decided to withdraw the Upazila Nirbahi Officer (UNO) and the Officer-in-Charge (OC) of Jhenaigati upazila in Sherpur following election-related violence that left a local Jamaat-e-Islami leader dead."The commission has decided to withdraw the UNO and the OC. The remaining procedural steps will be completed...