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

Downsizing of FY \\\'14 budget next month

The government will revise the national budget downward next month due to the mismatch between revenue receipt and revenue expenditure target following two-month-long restive politics that had impeded economic activities. Finance Minister AMA Muhith told reporters Tuesday that the government is now working on the issue and it will revise...

NBR to propose nearly 10pc cut in revenue target

The National Board of Revenue (NBR) is set to propose a downward revision of the aggregate revenue collection target to Tk 1.20 trillion for the current fiscal year (FY) as some major economic indicators showing a negative trend. Expenditures of the Annual Development Programme (ADP), import of revenue-generating goods and...

255 Bangladeshis held in Malaysia

At least 255 Bangladeshis were arrested in a nationwide crackdown against illegal immigrants, reports Malaysia's state news agency Bernama, according to bdnews24.com. Illegal immigrants detained under Phase 2 of the 6P Integrated Operation will have their identity recorded in the biometric database system to prevent their re-entry into Malaysia. Home...

ADP gets political project overloads

The problems that the Planning Commission usually faces in the second half of every financial year have surfaced, again, this year, perhaps in a more intensified form. The Commission would soon have to trim the annual development programme (ADP) and include a few more unapproved development projects in it --...

Businesses urge govt to help regain country\\\'s image

Top business leaders of the country on Tuesday urged the government to take initiatives to help regain the image that the country lost due to the recent political turmoil. The world needs to be informed that Bangladesh is now back to business in a friendly environment, they said. The ministry...

BD tumbles backward on HR in 2013 : HRW

The human rights situation in Bangladesh deteriorated in 2013 following the government's strict action against civil society members, the media and opposition political parties, a New York-based rights organisation has said. The Human Rights Watch (HRW) in its World Report 2014 globally released Tuesday said: "Bangladesh tumbled backward on human...

Formation of govt, oppn illegal: BNP

The BNP alleged on Tuesday that both the government and the opposition had been formed illegally and unethically following the January 5 'voter-less farcical' elections, reports UNB. "The government has been formed illegally and unethically through a questionable, farcical election. The formation of the so-called opposition is also unlawful and...

Singapore, Sri Lanka, Saarc greet PM

Singapore and Sri Lanka congratulated Tuesday Sheikh Hasina on her assumption of office as Bangladesh Prime Minister for the third time, reports UNB. In a message to Sheikh Hasina, Singapore Prime Minister Lee Hsien Loong lauded the steady progress Bangladesh has made in achieving the MDGs, and its impressive economic...

State of emergency in Bangkok

BANGKOK, Jan 21 (AFP): Thailand Tuesday declared a 60-day state of emergency in Bangkok and surrounding areas to tackle mass street protests aimed at overthrowing the government. The move follows weeks of rallies that have paralysed parts of the capital and sparked several bouts of deadly violence, including grenade attacks...