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

Paltry disbursement, high cost of funds compound crisis

Drawn-out disbursement process and excessive cost of fund in the central bank-guaranteed liquidity feeding to the crisis-ridden commercial banks are making it more of a hindrance than help, bankers said.Because of the delay even in getting the costly cash assistance from the well-off banks under the guarantee scheme, the troubled...

Trump, Harris eye 7 key states

WASHINGTON, Nov 04 (agencies): The 2024 United States elections are scheduled to be held today to decide the 47th US president. Democratic candidate Kamala Harris and her Republican rival Donald Trump were on a tour of swing states aiming to sway undecided voters on Monday.On election eve, the presidential race...

Capital-gains tax cut to half from 30pc

Government's revenue authority halved the tax on capital-gains from sales of shares by individual investors in the stock market.The fiscal perks spurred instant stocks rebound. The National Board of Revenue (NBR) has issued a notification by lowering the tax rate to 15 per cent on capital-gains above Tk 5.0 million...

Election reform envisages postal ballots in voting

A major electoral reform under the interim government envisages introducing postal ballots so voters can vote without going to the polling centres.The electoral reform commission is exploring the possibilities of this distance voting system evidently against the backdrop poll frauds in the past that ultimately resulted in the regime change...

Adani changes course, decides to resume power supply soon

India's Adani changes course and decides to resume power supply from its closed plant unit shortly as payment row eases following accord on LC revision. Sources said Monday both parties agreed amending letter of credit (LC) terms on payment of US$170 million to the Indian conglomerate."We -- the Adani Power...

Traffic signal system upgradation at four intersections

The traffic signal system upgradation at four intersections under a Jica-funded project has signally failed due to non-cooperation from two city corporations in Dhaka. The snap shot on Monday shows signal lights at Gulistan in a poor state for lack of maintenance. — FE Photo by Asad-Uz-Zaman