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

UN CDP suggests shorter deferral

The United Nations (UN) Committee for Development Policy (CDP) does not support Bangladesh's request for deferral of graduation from the least-developed country (LDC) category for a period of three years.It suggests a shorter period."…a shorter extension of the preparatory period would appear more conducive for a sustainable graduation," the body...

Electricity prices hiked across the board

Retail and bulk consumers of electricity have to pay 16.68-percent and 19.85-percent higher tariffs respectively as the government again gives an across-the-board raise in power prices, stoking concern about its cascading impact. Bangladesh Energy Regulatory Commission (BERC) chairman Jalal Ahmed announced Wednesday the new power tariffs at a press conference...

PM directs dropping wealth tax, money whitening

A major shift in the government's fiscal plan is underway as Prime Minister Tarique Rahman has instructed the authorities to drop several proposed tax measures, including the introduction of a wealth tax and a facility for whitening undisclosed money.The government has also decided not to impose new taxes on motorbike...

Dhaka eyes investment in public mills, FTA

Bangladesh hopes to deepen economic ties with Türkiye through negotiations on free-trade agreement, expansion of export market and investment in struggling state-owned textile and jute mills during Turkish Foreign Minister Hakan Fidan's three-day tour.The foreign minister of the Asia-Europe gateway country is due to arrive in Dhaka today (Thursday) with...

10 heatwave spells likely in three months: BMD

Bangladesh may face as many as 10 heatwave spells over the next three months, the Bangladesh Meteorological Department (BMD) has forecast, amid warnings from the United Nations (UN) weather agency that El Niño could trigger more frequent and intense extreme weather events globally.Meteorologists have warned that the country may receive...

BD among 60 countries facing 'forced labour' US tariffs

Bangladesh is among 60 countries now facing a new prohibitive US tariff of up to 12.5 per cent proposed to be levied on goods produced with forced labour, in lockstep with impugned reciprocal tariffs. The United States has proposed imposing the additional duties on allegations of failure to impose and...

New IMF credit prog ‘based on BoP needs, reform commitments’

A fresh IMF financial arrangement sought by Bangladesh to support its economic reforms is to be determined by its balance-of-payments (BoP) needs and reform commitments, the international Monetary Fund said Wednesday.The IMF staffs are now engaging with the Bangladeshi authorities on their reform agenda and policy priorities as part of...