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

BD strives for fairer tariff deal with US

Bangladesh is making progress in resolving various issues related to the reciprocal tariff imposed by the United States (US), aiming to secure a fairer tariff deal.Commerce Secretary Mahbubur Rahman told The Financial Express via WhatsApp call, "We are continuing discussions with the relevant US authorities on the reciprocal tariff issue....

Salman, his son, Shibli Rubayat banned from bourses forever

Embroiled Salman F Rahman of Beximco Group and his son and former chief of the securities regulator Shibli Rubayat Ul Islam are banned for life from bourses over bond scams.Officials said Bangladesh Securities and Exchange Commission (BSEC) Tuesday made the decision making the trio persona non grata on the country's...

CA orders immediate upgrading of leather sector for export diversification

Chief Adviser Prof Muhammad Yunus emphasised upgrading leather sector to accelerate export diversification and directed officials to heal the challenges facing the "potential" industry.His directions came Wednesday at a high-level review meeting on Bangladesh's preparations for graduation from the least- developed country (LDC) status, which took stock of the entire...

Shippers oppose CPA move to reduce movement of vessels

External trade may get in difficulty for a faceoff between the Chittagong Port Authority and shippers over the CPA move to lower the number of vessels plying the seaport channel to heal trade-decelerating congestions.Sources said the port authority in a meeting on July 20 decided to lower the number of...

NBR’s FY'25 tax-to-GDP ratio falls

Bangladesh's tax (NBR part)-to-GDP ratio declined by 0.66 percentage point in the 2024-25 financial year, raising concern over waning domestic revenue in comparison with the nominal GDP.The ratio fell to 6.56 per cent in FY25 from 7.2 per cent in FY 24, available data showed.Economists, however, said the government's dependence...

Policy rate may remain at 10pc

Amid a record fall in the private sector credit demand, the Bangladesh Bank (BB) is set to unveil the monetary policy statement (MPS) for the first half (H1) of this financial year (FY26) today by setting the target to reduce inflation to 6.50 per cent.Though the country has been experiencing...

Strong quake off Russia sparks Pacific tsunamis

MOSCOW, July 30 (AFP): One of the strongest earthquakes ever recorded struck Russia's sparsely populated Far East on Wednesday, causing tsunamis up to four metres (12 feet) high across the Pacific and sparking evacuations from Hawaii to Japan.The magnitude 8.8 quake struck off Petropavlovsk on Russia's Kamchatka peninsula and was...