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

Interim govt downsizes ADP by Tk 490 billion

Projects and costs both see deep cuts as the interim government downsizes the ongoing annual development programme (ADP) to Tk2.16 trillion under its policy to economize spending in crunch time. The revised annual development programme or RADP for the current fiscal year sheds Tk 490 billion from the original ADP...

No alternative to strong BD-India relationships

Highlighting historical close ties, Chief Adviser Prof Muhammad Yunus has said there is no alternative to maintaining a good relationship between Bangladesh and India, as there had been some clouds in the relations that mainly came through propaganda, reports UNB."Some conflicts had been seen in the midway. I would say...

US firm got task, not firm owned by two Bangladeshis

The allegation that an organisation owned by two Bangladeshis received 29 million dollars from the USAID is not true, the ministry of foreign affairs said in a statement Monday following probe findings.The USAID has financed a $29-million project titled 'Strengthening Political Landscape in Bangladesh' which was implemented recently, the ministry...

Polls likely by December

Chief Adviser Professor Muhammad Yunus reaffirms that the interim government is committed to holding a free and fair election and the voting is likely to be held by next December.He made the remarks while talking to visiting European Union (EU) Commissioner for equality, preparedness and crisis management Hadja Lahbib when...

Blanket VAT waivers to make pricey essentials affordable

A blanket waiver of value-added tax (VAT) is given in government bid to make pricey essentials affordable as Ramadan business binge further heats up the market.The National Board of Revenue (NBR) waived VAT, partially, on a slew of essential commodities like overpriced edible oils, flour, Ata and lentils to keep...

Dhaka hotel fire kills 4

Four men were killed in a fire that broke out at a multi-storey hotel in the capital's Shahjadpur area on Monday, said the fire service.The victims' identities could not be known. Firefighters recovered the bodies after dousing the fire at Saudia Hotel.Earlier, the fire broke out on the second floor...