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

Bengali New Year being celebrated in new mode today

A new mode marks the traditional pageantry this time as the Bengali New Year is being celebrated today in Bangladesh with the iconic Mongal Shobhajatra replaced with Barshaboran Ananda Sobhajatra.After a hitch following the torching of the pivotal sculpture symbolising the ousted 'fascist', the stage was finally reset in tune...

Gas prices jacked up 33pc for industrial usages

New industries are now to pay Tk 40 and captive power plants Tk 42 per cubic meter of gas as the government jacked up tariffs of the basic fuel by 33 per cent on average, overriding objections. The hike takes "immediate effect from today," it was officially announced as Bangladesh...

Palestinian rescuers pull a woman from the rubble

Palestinian rescuers pull a woman from the rubble after an Israeli strike on the Manoun family home in Jabalia in the northern Gaza Strip on Sunday. — AFP

Govt ditches 10 economic zones as superfluous

Licences of 10 of a slew of economic zones-five public and as many private-have been rescinded as the interim government recasts Bangladesh's industrial- development strategy.Chowdhury Ashik Mahmud Bin Harun, the newly appointed Executive Chairman of both the Bangladesh Investment Development Authority (BIDA) and the Bangladesh Economic Zones Authority (BEZA), announced...

Individual, corporate tax rates ‘unlikely to be cut’

Chairman of the National Board of Revenue (NBR) Md. Abdur Rahman Khan on Sunday said individual and corporate tax rates are unlikely to be reduced in the upcoming national budget, as they are already lower than those in peer economies of the region.However, he expressed the hope that the existing...

Bangladesh must utilise 90-day US tariff pause

Bangladesh must take urgent and proactive measures strategically leveraging the 90-day US tariff respite otherwise it might be at risk of losing large volume of seasonal work orders for next holidays.The county also has to inform the US about the measures it is going to take addressing the concerns related...

China ready for Teesta project, building four hospitals in BD

China is ready for executing Bangladesh's long-stalled Teesta river project and for building four hospitals in the country, the Chinese ambassador says and also unveils Beijing's plan on a joint faceoff against tariff turmoil. China wants to address the challenges of 'reciprocal tariff' imposed by the Trump administration in collaboration...

Al Arafah Bank MD on forced leave

Managing director of Al Arafah Islami Bank PLC Farman R Chowdhury has been sent on forced leave for three months as the central bank found that he might be involvement in irregularities in agent banking operations.According to a letter signed by the bank's chairman Khwaja Shahriar, the board of directors...

BB asks banks to clear overdue payments fast

The central bank's continuous pressure on the commercial banks has contributed significantly to reducing the burden of overdue foreign and domestic payments against accepted bills.The payment delays tarnish the image of the banking system and increase import costs, says a Bangladesh Bank (BB) circular issued on Sunday, asking the banks...