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

Revenue shortfall forces govt to wind down budget

The government has wound down this fiscal year's budget by 7.25 per cent to Tk 3.71 trillion after a large shortfall in internal revenue collection and lower execution of development work.In June last, Finance Minister AMA Muhith placed a Tk 4.002-trillion budget for fiscal year 2017-18, which he himself termed...

The relative of a Rana Plaza collapse victim wailing at the building site

The relative of a Rana Plaza collapse victim wailing at the building site in Savar off the capital on Tuesday marking the fifth anniversary of the disaster — Reuters

Enact LC law to stop fraudulence in external trade transactions

Experts at a workshop in the capital Tuesday called for greater collaboration between the banks and the customs authority for better enforcement of the provisions of the Anti-Money Laundering (AML) act. At the same time, they laid emphasis on the enactment of a separate Letter of Credit (LC) law in...

Exporters demand more incentives

The National Board of Revenue (NBR) assured Tuesday the exporters to consider their demands for providing equal budgetary facilities to all export-oriented sectors."This year we will try to provide equal budgetary facilities to all export- oriented sectors. If we can do this, it would help increase the export volume of...

BD wants to settle issue out of court

As the legal procedure is taking a long time to get back stolen reserve money from the Philippines, the government of Bangladesh is keeping its option open for settling the issue out of court, officials said.Finance Minister AMA Muhith may have a bilateral meeting with governor of Philippines central bank...

Country gets first LNG cargo

Bangladesh received its first LNG shipment from Qatar aboard the floating, storage and re-gasification unit (FSRU) at Moheshkhali LNG terminal, State Minister for Ministry of Power, Energy and Mineral Resources Nasrul Hamid told the FE after its arrival on Tuesday.A new era started in the country's energy sector with the...

BDT demand in money market dips

The demand for Bangladesh Taka (BDT) in the money market fell drastically mainly due to the recent slash of the cash reserve requirement (CRR) by 1.0 percentage by the central bank.Both the weighted average inter-bank call money rate and weighted average yield on Bangladesh Bank (BB) Bills dropped significantly in...

News Watch (25-04-2018)

TCB starts sale of Ramadan items on May 6 The Trading Corporation of Bangladesh (TCB) will begin commodity sale at reduced prices across the country from May 6 on the occasion of holy Ramadan. Under the programme the corporation will sell edible oil, sugar, red pulse, chick-pea and dates. The...