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

BB circular on reference exchange rate likely today

The central bank is expected to issue a circular today (Tuesday) introducing a reference-centric exchange rate as a latest innovation to bring stability on the overheated foreign-exchange market, ending virtually an inefficacious crawling-peg experiment.Bangladesh Bank (BB) is set to issue the circular on the more flexible exchange-rate mechanism today, sources...

Consumer pain from invincible inflation riddles yearbook

Bangladeshis pass hard times in the outgoing year 2024 as inflation defiantly stays in double-digit rhythm pushed by high prices that created consumer pain, analysts say.Fiscal interventions by the government in the form duty-tax waivers were almost defied by the wayward market that many say stayed in grips of some...

Foreign debt servicing cost outstrips fund inflows

Bangladesh spent US$1.71 billion in the first five months of this fiscal to service foreign debts, which is around 27-percent higher than the aid inflow worth $1.35 billion.Lower inflow of foreign aid is attributed to numerous domestic and external factors, including sluggish pace of implementation of development projects, current interim...

Effectively applying duty structures stressed to prevent unfair trade

Effective implementation of dumping, anti-dumping and countervailing measures have been underscored to stall unfair trade practices as it is imperative to ensure fair completion.Such fair run of trade provides deserved guardrails around domestic industries in order stall dumping of foreign products to undercut growth of local ones. The urgency was...

Online tax return filing crosses 1.0m

With enthusiastic participation from taxpayers, income tax returns filed online for the assessment year 2024-25 have so far surpassed 1.0-million mark.Additionally, registrations for online return submission exceeded 1.6 million, said a statement issued Monday.Individual taxpayers can easily and quickly file their income tax returns through the National Board of Revenue's...

Announcement of govt soon

The interim government will issue a proclamation within a few days to mark the student-led popular uprising in the month of July."We hope that the July proclamation will be presented before the nation within a few days after consultations with all stakeholders, political parties and students who led the uprising,"...

Students sit in urgent meeting

The Anti-Discrimination Student Movement leaders sat in an urgent meeting on Monday night in view of the government’s July proclamation decision. The students earlier announced to roll out the proclamation of the July Revolution today at 3:00 pm at the Central Shaheed Minar in Dhaka.Leaders of the Movement have demanded...

Ex-US president Carter dies at 100

ATLANTA, Dec 30 (AFP): Tributes poured in Monday for Jimmy Carter, the former US president and Nobel peace laureate who rose from humble beginnings in rural Georgia to lead the nation and died aged 100.Carter had been in hospice care since mid-February 2023 at his home in Plains, Georgia --...

Carter was true friend of Bangladesh

Expressing his heartfelt condolences over the passing away of Nobel Laureate and former US President Jimmy Carter, Chief Adviser Professor Muhammad Yunus said on Monday President Carter was a true friend of Bangladesh, reports BSS."With profound sadness, I write to extend my heartfelt condolences on the passing away of Nobel...