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

Power Division seeks Tk 27 billion urgent subsidy for BPDB

Power Division has sought Tk 27 billion as subsidy against tariff deficit for the state-run Bangladesh Power Development Board (BPDB) to help ensure uninterrupted power supply across the country, official sources said.The BPDB sustained the tariff deficit on account of selling electricity to the bulk consumers at lower rates than...

'365 Days of the Interim Government'

Labour and Shipping Affairs Adviser M Sakhawat Hossain speaks at a discussion titled '365 Days of the Interim Government', organised by the Centre for Policy Dialogue at Lakeshore Hotel in Dhaka on Sunday. CPD Distinguished Fellow Professor Mustafizur Rahman presided over the event, while Bangladesh Bank Governor Dr Ahsan H...

Submission of zero returns punishable offence: NBR

Submission of tax returns showing zero incomes and assets would be considered a punishable offence as per the Income Tax Act, which carries a maximum penalty of five-year imprisonment.However, taxpayers whose incomes are below the taxable threshold but need to submit tax returns to access various public and private services...

BB eases forex rules for exporters in SZs

Bangladesh Bank has relaxed the foreign currency rules for exporters in specialised zones like Export Processing Zones (EPZs), Private Export Processing Zones (PEPZs), Economic Zones, and High-Tech Parks to retain foreign currency.This move is aimed at simplifying foreign exchange management and streamlining transactions for these businesses, reports UNB.The central bank...

Ctg port detects radiation in scrap shipment from Brazil

CHATTOGRAM, Aug 10: Authorities at Chattogram port have detected radioactive material in a container of scrap iron shipped from Brazil, prompting the temporary suspension of its unloading.Sources say the radiation was identified by the "Mega-port Initiative Radiation Detection System" -- a security measure funded by an American organisation and operational...

Number of voters rises to 126.17m

The total number of voters in the country now stands at 12,61,70,900 as per the draft updated voter list released by the Election Commission (EC) on Sunday, ahead of holding the next general election scheduled for early February next year. Of the total, 45,71,216 are new voters who were born...

T-bill yields show mixed movement

Bangladesh's treasury-bill yields displayed a mixed trend on Sunday, with short- and medium-term rates easing but the longest tenure edging higher, as banks increasingly opted to park surplus liquidity in government securities amid improved money market inflows.The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bills...

Govt to procure 40,000 bodycams for police

The interim government plans to procure at least 40,000 body-worn cameras for police to enhance security at the polling stations during the upcoming general election in February, a spokesperson for the Chief Adviser's Office said on Sunday."The move was discussed at a high-level meeting at the State Guest House Jamuna...

Establishing people's rule main challenge

BNP Acting Chairman Tarique Rahman on Sunday said the main challenge for the nation is now to establish people's rule and ensure their political and voting rights, reports UNB."The main goal of the movement was to establish the political rights of people and protect individual freedom. The autocratic regime fled...

Japan to take back remains of 19 from Chattogram

Japan is taking preparations to take back the remains of its 19 soldiers, who died during the Second World War and were buried at the Chattogram Commonwealth War Cemetery, according to Bangladesh's foreign affairs ministry.Chief Adviser of the interim government Prof Muhammad Yunus has already given consent in this regard...

Housing ministry orders audit of RAJUK activities

The Ministry of Housing and Public Works has ordered an audit of the Rajdhani Unnayan Kartripakkha (RAJUK)'s 16 years of financial and other activities, spanning from 2009 to 2024, through its internal audit department, reports bdnews24.com.A press statement from the ministry on Sunday said the directive was given following the...

Adulterated milk at PRAN collection center; PRAN blames local syndicate

Amid consumers' concerns over recent seizure of adulterated milk at one of rural collection centers of PRAN Dairy in Chatmohar upazila of Pabna district, the authorities claimed that it was a 'conspiracy' by a local syndicate to tarnish the reputation of the dairy milk company.The PRAN authorities arranged a press...

5 of a family burnt in gas cylinder blast in Sylhet

SYLHET, Aug 10 (BSS): Five members of a family, including two children, were burnt in a gas cylinder explosion in Sylhet's Shahparan area on Saturday night.The burnt victims are Parvez, 38, his wife Farhana, 28, their elder son Mohammad, 6, and younger son Marwan, 2, and relative Hena Akhter, 40.They...

Railway to buy 30 locomotives, purchase to be scrutinised

The Ministry of Railways has formed an inquiry committee to scrutinise the specifications, involving technical, electrical capacity, and operational capacity, in the purchase of 30 metre-gauge locomotives for Bangladesh Railway, reports bdnews24.com.A press release from the Ministry of Railways on Sunday said that, based on the information obtained during the...