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

2,330 Dhaka jewellers evading taxes: BAJUS

Some 2,330 jewellers are operating in Dhaka city without paying taxes, while a number of businesses selling essential commodities, including medicine, are subject to taxes.The Bangladesh Jewellers Association (BAJUS) recently sent the list of these jewellers to National Board of Revenue (NBR) Chairman Md Abdur Rahman Khan, responding to a...

Businesses shed light on policy alignment

Business leaders have called for urgent measures to ensure transparent and coordinated policies and collaborative efforts to position Bangladesh as a regional business hub.They highlighted the need for stronger coordination between private and public sectors to address existing challenges and seize emerging opportunities, particularly in key sectors like technology, manufacturing...

Banks can apply forward premium to forex: BB

The Bangladesh Bank (BB) on Sunday said banks from now on would be allowed to apply forward premium to the foreign-exchange market to maintain orderly discipline.However, the forward premium must not exceed the policy rates of various global currencies, such as the US Dollar (USD): Federal Funds Rate, Euro (EUR):...

Ex army chief KM Shafiullah passes away

Former army chief and valiant freedom fighter KM Shafiullah died on Sunday morning at the Combined Military Hospital in Dhaka. He was 91, reports UNB.Shafiullah breathed his last at 8:45am at the hospital, said Rashadul Alam Khan, assistant director at Inter Services Public Relation (ISPR) Directorate.The former army chief, also...

ACC gets primary information about irregularities

Saima Wazed Putul misused the state resources and resorted to unlawful activities for securing appointment as the World Health Organization (WHO) Regional Director for the South-East Asian Region, the Anti-Corruption Commission (ACC) claimed in a press release issued on Sunday.The commission has found preliminary information during investigation into the allegations...

USAID suspends ops sans refugee support in BD

The USAID has asked all USAID/Bangladesh implementing partners to immediately 'stop, cease and/or suspend' any work performed under their respective USAID/Bangladesh contract, task order, grant, cooperative agreements, and acquisition or assistance instruments.The US government's cooperation agency made a directive to this end on Sunday.However, according to the press wing of...

National Bank MD, DMD resign

The managing director (MD) of National Bank, Md Touhidul Alam Khan, and its deputy managing director(DMD), Abdul Matin, have resigned from their posts at the first-generation commercial bank.Confirming the development, the chairman of the scheduled bank, Abdul Awal Mintoo, said that Mr. Alam's tenure was set to end on January...

Expats send home $1.67b remittance in 25 days

Expatriate Bangladeshis have remitted over $1.67 billion in the first 25 days of this month, according to the central bank data.During the period, state-owned commercial banks brought home $354.28 million, specialised banks $74.37 million, private commercial banks $1.24 billion and foreign commercial banks $4.79 million, reveal the Bangladesh Bank (BB)...

Take opportunity of improved business climate

Business leaders should concentrate on taking the opportunity of improved business climate created by the present government, said Shafiqul Alam, press secretary to the chief adviser, on Sunday.He made the remarks at a press briefing when asked to comment on the business leaders' plea to hold the general elections as...

Bangladesh lost both mobile, net subscribers for six months in a row

Bangladesh continued to lose both mobile and internet subscribers for six consecutive months last year, according to the latest data by Bangladesh Telecommunication Regulatory Commission (BTRC).During the period, the industry lost 1.2 million mobile subscribers and 1.7 million internet subscribers, totaling loss of 11.07 million internet subscribers and 8.50 million...

Edible oil market volatile again amid supply cut

The country's edible oil market has become volatile again as most refiners have halted the supply of soybean oil to groceries, according to insiders.Many stores in the capital have run out of their edible oil stocks. In the absence of mainstream products, unscrupulous traders are reportedly selling counterfeit products at...

Mrittunjoy helps Rajshahi to win against Rangpur in BPL

Durbar Rajshahi beat Rangpur Riders by 2 runs in the Bangladesh Premier League (BPL) at Sher-e-Bangla National Cricket Stadium in the city on Sunday, report agencies.Mrittunjoy Chowdhury of Rajshahi starred with the ball, claiming 4 wickets for 18 runs in his four overs. Taskin Ahmed and Mohor Sheikh took two...

TIB forms a human chain in front of the Jatiya Sangsad

TIB forms a human chain in front of the Jatiya Sangsad in the capital on Sunday, marking the International Day of Clean Energy. — FE Photo