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

Readjust multilayer taxes on fuel imports

A prudent downward readjustment of multilayer import taxes on petroleum products is highly recommended by economists as an option to avoid the Mideast war-fuelled hikes in fuel prices.Another exigent remedy shown is a cut in BPC profit to skirt both tax lowering and price increase for consumer at this hour...

Tarique Rahman speaks at a meeting with ruling party lawmakers

Prime Minister Tarique Rahman speaks at a meeting with ruling party lawmakers at the Jatiya Sangsad Secretariat in the capital on Wednesday. — PID

NBR draft plan targets higher tax-GDP ratio

The revenue authority has proposed a series of policy and administrative reforms aimed at boosting the country's chronically low tax-to-GDP ratio, including measures to prevent abrupt tax-policy changes and strengthen investor protection.The proposals are part of a draft 180-day reform plan prepared by the National Board of Revenue (NBR), which...

Govt to buy 3 spot LNG cargoes at double price

The government on Wednesday approved proposals for buying three LNG (liquefied natural gas) cargoes at more than double the rate compared to that in three months back, amid ongoing war in the Middle East.Of them, one of the cargoes will come from the United Kingdom and two others from South...

ADB urges govt to make quick decision on stalled BRT project

The Asian Development Bank (ADB) has urged Bangladesh's newly elected government to make a swift decision on the long-delayed Airport-Gazipur Bus Rapid Transit (BRT) project, which has remained stalled despite nearing completion.Officials say the lender raised the issue during a high-level review meeting in Dhaka, warning that prolonged uncertainty over...

PM urges nationwide cleanliness drive

Prime Minister Tarique Rahman has called upon the countrymen to take preventive measures against dengue and chikungunya, announcing that a nationwide cleanliness campaign will begin on March 14 to help protect citizens from the mosquito-borne diseases.In a special video message to the nation, the premier on Wednesday drew attention to...

Long queues continue at Dhaka fuel pumps

Long queues continued to plague petrol pumps across the capital on Wednesday as panic buying and concerns over potential fuel shortages persisted amid the escalating military conflict between the United States-Israel duo and Iran.The surge in demand has forced many filling stations to impose rationing, resulting in hours-long waits for...

BB allows loans against T-bond

The central bank has allowed banks to offer loans to clients against Treasury Bonds (T-bonds) kept as collateral, a move aimed at bringing greater dynamism in the country's bond market.Bankers say the decision could help attract more investors to government securities by enabling them to access liquidity while continuing to...

Govt forms body to facilitate OECD peer review

The government has formed an inter-agency committee to facilitate the upcoming peer review of Bangladesh's ship-recycling industry to be conducted in cooperation with the Organisation for Economic Co-operation and Development (OECD), aiming to align the sector with international maritime benchmarks, sources said.According to an office order issued by the Ministry...

SC order on NCT today

The Appellate Division of the Supreme Court has concluded the hearing on a leave-to-appeal petition challenging a High Court verdict that upheld the government's move to lease out the New Mooring Container Terminal (NCT) at the Chittagong Port to a foreign company.Following the hearing, a four-member bench of the Appellate...

Bangladeshi among 4 hurt by drones in Dubai

Four people, including a Bangladeshi national, have been injured after two drones fell in the UAE, according to the Dubai Media Office, reports bdnews24.com.The Bangladeshi national sustained "minor injuries", as did two Ghanaian nationals, while an Indian national sustained "moderate injuries" in an attack near the Dubai airport, it said.Air...