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

Nine megaprojects eat up over 12pc of FY27 ADP

Only nine megaprojects have eaten up more than 12 per cent of the next year's development budget while the remaining 1,141 ones get the rest of the allocations, officials said on Monday.The government has set a Tk 3.0 trillion Annual Development Programme (ADP) for the next fiscal year (FY) 2026-27,...

WB's extra $350 million takes effect from 2027

The World Bank's additional US$ 350 million worth of loan guarantee to facilitate Bangladesh's liquefied natural gas (LNG) import payments is expected to be effective from 2027.The additional financing, which was approved on May 15 under the Energy Sector Security Enhancement Project (ESSEP), will help strengthen Bangladesh's energy security by...

Govt set to halve source tax on local cotton purchase

The government is set to reduce the source tax on local cotton purchases to 0.5 per cent from the current 1.0 per cent, a move aimed at easing input-cost pressures on the country's textile sector.The proposed measure will also extend the reduced 0.5 per cent source tax rate to a...

Reforms in banking sector crucial for economic turnaround

Comprehensive reform of Bangladesh's financial sector, particularly the banking industry, is essential to stabilise the economy and support its gradual recovery, Prof Mustafizur Rahman, distinguished fellow at the Centre for Policy Dialogue (CPD), said on Tuesday.He warned that the ongoing challenges in the banking sector could not be resolved through...

Jamaat proposes Tk 8.39t 'shadow budget' for FY27

Opposition Jamaat-e-Islami has proposed a Tk 8.39 trillion "shadow budget" ahead of the government's spending plan for the 2026-27 fiscal year, reports bdnews24.com.The proposal prioritises public administration, law and order, anti-corruption reforms, revenue collection, debt servicing, and investment in education and technology.At a press conference held in Moghbazar on Tuesday,...

Govt highlights progress as reforms gather pace across key sectors

The government on Tuesday unveiled a broad range of policy initiatives and sectoral achievements spanning energy, health, transport, agriculture, education and public administration, signalling its continued focus on accelerating reforms and expanding infrastructure.Addressing the weekly briefing at the Bangladesh Secretariat, Prime Minister's Information Adviser Dr Zahed Ur Rahman said coordinated...

3 burnt to death while torching house

At least three people have died after suffering burn injuries while torching a house over the rape and murder of a teenage girl in Pabna Sadar Upazila, reports bdnews24.com.Two of them died at the National Institute of Burn and Plastic Surgery in Dhaka on Tuesday morning while the third had...

Mango season is in full swing as traders display fresh mangoes

Mango season is in full swing as traders display fresh mangoes at Badamtoli fruit wholesale market in the capital, where supplies from across the country are arriving daily. — FE Photo by Shafiqul Alam