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

US Vice President JD Vance (L) talks to Pakistan's Chief of Defence Forces and Chief of Army Staff Field Marshall Asim Munir (R)

US Vice President JD Vance (L) talks to Pakistan's Chief of Defence Forces and Chief of Army Staff Field Marshall Asim Munir (R) and Pakistan's Deputy Prime Minister and Foreign Minister Mohammad Ishaq Dar (C) before boarding Air Force Two after attending talks on Iran in Islamabad on Sunday. —...

Next budget to tighten VAT compliance of businesses

The government is preparing a set of sweeping measures in the upcoming national budget to expand the VAT net and improve compliance across the business sector.Policymakers aim to bring more enterprises, particularly those in the informal economy, under the tax system without raising rates.The proposed reforms, centred on mandatory VAT...

Big nat’l budget coming to finance important sectors

With a trillion?dollar economy in vision by 2034, the new government plans a big budget worth Tk 9.30 trillion for the next fiscal year for augmented funding of critically important sectors.In order to finance the substantially raised annual spending plan, the government has set a target to collect some Tk...

Furnace oil price ramped up by Tk24.59 a litre

Now the price of furnace oil is hiked, by Tk 24.59 per litre or 35 per cent to Tk 94.69 from Tk 70.10 a litre, with effect from midnight Sunday."The adjustment was made under Sections 34(4) and 34(6) of the Bangladesh Energy Regulatory Commission Act 2003," the BERC stated in...

10 die of measles, measles-like symptoms

A total of 10 children died from measles and measles-like symptoms in the 24 hours between 8:00am Saturday and 8:00am Sunday, health authorities said.With the latest fatalities, the number of confirmed deaths has remained unchanged at 28 since March 15, while suspected deaths have risen to 151 over the same...

'One citizen, one card, one digital wallet' system in the works

The prime minister's adviser for finance and planning ministries, Dr Rashed Al Mahmud Titumir, has said the government is moving towards digital transformation to build a transparent and inclusive economy."We are working on introducing a 'one citizen, one card, one digital wallet' system, which is expected to start in the...

Are merged banks destined to be back under ex-owners' control?

The merger of five troubled Islamic banks gets into quagmire with the latest insertions in the newly-enacted Bank Resolution Act that allow former shareholders to regain conditional control over the banks.Officials at Bangladesh Bank (BB) and some economists air concern over the fate of the merger of five into big...

Islami Bank MD placed on extended leave

The Managing Director of Islami Bank Bangladesh PLC, Md. Omar Faruk Khan, has been sent on a 49-day leave -- double the 24 days he had applied for -- sparking widespread speculation within the Shariah-based bank.The decision was taken at a meeting of the bank's board of directors held at...