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

Services dominate, manufacturing declines as economic units jump

Bangladesh's economic structures have shown a complex shift as the share of manufacturing has declined despite a little gain in employment, the 2024 Economic Census report says.While the total number of economic units has surged to over 11.70 million from 7.82 million in 2013, the manufacturing sector's share has notably...

A measles-infected child rests on his father's shoulder

A measles-infected child rests on his father's shoulder as they wait to seek treatment at DNCC Covid Hospital in the city, which is now admitting only patients with measles or measles-like symptoms. — FE Photo by Shafiqul Alam

Move to link tax return info with banks underway

The National Board of Revenue (NBR) has initiated a move to link tax-return information with banks, aiming to enable taxpayers to automatically access key financial information.It will allow taxpayers to link closing account balances, interest income, and deducted tax at source and bank charges without the need of their physical...

2 fuel-laden ships arrive at Ctg Port today

CHATTOGRAM, Apr 07: Two ships carrying a total of 51,000 tonnes of octane and furnace oil from Malaysia are set to arrive at the outer anchorage of Chittagong Port on Wednesday, a move expected to ease the ongoing fuel crisis in the country.The two vessels -- MT Central Star and...

Parliament okays many interim ordinances

A slew of bills to convert ordinances issued during the interim government's period to formal laws were railroaded in parliament Tuesday, as the timeline nears its end. The passage of a raft of bills marks a significant step in enacting recent legislative measures taken for changes following the July-August 2024...

CSOs demand repeal

Civil-society organisations (CSOs) on Tuesday demanded scrapping of the proposed the 'Microcredit Bank Ordinance 2025', which was introduced by the interim government to bring microfinance institutions under a banking framework in the name of regulation.At a press conference, they described the ordinance as a "blueprint to dismantle" the country's microfinance...

2-year bond yields jump on weak demand

Yields on government treasury bonds surged on Tuesday as banks turned cautious, favouring short-term instruments over longer-tenure securities. The shift reflects both liquidity management strategies and rising government borrowing needs toward the end of the fiscal year.The development highlights growing pressure in the domestic debt market, where investor appetite for...

Depositors allowed Tk 1.0m medical withdrawals: BB

Bangladesh Bank (BB) on Tuesday said that customers of Sammilito Islamic Bank can withdraw up to Tk 1.0 million for medical treatment."Customers suffering from illness would be allowed to withdraw up to Tk 1.0 million upon submission of relevant documents," said Assistant Spokesperson of Bangladesh Bank Shahriar Siddiqui during an...

Ex-BB chief Mansur to testify in NY court on April 10

Dr Ahsan H Mansur, former Governor of Bangladesh Bank, will make a deposition before a New York court in the US on April 10 in connection with the ongoing legal battle to recover the central bank's stolen reserve funds.The deposition follows an order earlier issued by the New York court,...

Long queues persist at petrol pumps across the capital

Most of the petrol pumps across the capital, Dhaka, continued to witness long queues on Tuesday as motorists were seen waiting for hours to purchase fuel amid the prevailing supply crunch.Despite repeated government assurances that adequate oil stocks are available, panic buying showed no signs of easing.Motorcyclists and private car...

Govt to withdraw import duty on electric school buses: NBR

The National Board of Revenue (NBR) has decided to eliminate all import duties on electric school buses as part of a strategic move to reduce fuel consumption in the transport sector."This initiative is the first phase of a broader government plan to promote energy efficiency in public transportation," said NBR...