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

Tk 1.06t health prog scrapped to prevent mismanagement

The Ministry of Health and Family Welfare has decided not to move forward with the fifth phase of the Health, Population, and Nutrition Sector Programme (5th HPNSP) to avoid financial mismanagement and redundancy. The decision came from a series of seven high-level meetings held recently and chaired by Prof Dr...

New Jamuna bridge to boost connectivity, trade, investment significantly

The Jamuna dedicated railway bridge would significantly contribute to connectivity improvement, as well as more trade and investment, with better rail transportation as the Bay of Bengal Industrial Growth Belt (BIG-B) initiative expects, said a Japan International Cooperation Agency (JICA) official on Tuesday. Visiting Director General of JICA's South Asia...

Tk 37b green steel project in disarray

A Tk 37 billion green steel project, being constructed by Bashundhara Multi Steel Industries Limited (BMSIL) in the National Special Economic Zone in Mirsarai, Chattogram, is in disarray due to lack of utility and policy support.The project, the biggest single unit steel factory of the country, was launched in 2021...

Govt's demand for funds rises to pay salaries, Eid bonus

The yield on 10-year Bangladesh Government Treasury Bonds (BGTBs) crossed 12 per cent on Tuesday, as banks showed reluctance to invest in the securities ahead of the upcoming Eid festival.The cut-off yield, generally known as interest rate, on the BGTBs rose to 12.05 per cent on the day from 10.32...

JU suspends its 9 teachers, 289 BCL-linked students

Jahangirnagar University (JU) on Tuesday suspended nine teachers and 289 Bangladesh Chhatra League (BCL)-linked students over attacks on the protesting students of the July uprising from July 14 to 17 last year. The decision was made based on the recommendations of a fact-finding committee and approved by the university's highest...

BTTC for extension of facilities until June 30

State-run Bangladesh Trade and Tariff Commission (BTTC) has recommended extension of duties, taxes and VAT-exemption facilities on edible oils until June 30, aiming to keep the prices and supply of such oils stable in the local market.It requested recently the National Board of Revenue (NBR) to take necessary measures in...

NBR cuts import duties on fresh fruits by 15pc

The National Board of Revenue (NBR) has reduced import duties on fresh fruits by 15 per cent. To this end, the revenue board issued two notifications on March 16 and another one on March 10, said a NBR press release on Monday night, reports BSS.The NBR has issued two new...

NFAs continue to rise

The number of 'No-Frill Accounts' (NFAs) in the country continues to rise, reflecting the ongoing efforts to expand financial inclusion among low-income people, students and working children.According to the Bangladesh Bank (BB) latest quarterly report, as of December 2024, the total number of NFAs reached over 32.59 million with deposits...

BFIDC, Forest Dept sign lease renewal deal for rubber plantation

A 40-year lease-renewal agreement for rubber plantations has been signed between the Bangladesh Forest Industries Development Corporation (BFIDC) and the Forest Department, which is aimed at promoting revenue growth and climate protection.Over the years, the Forest Department has officially transferred 38,184.48 acres of land for 18 rubber plantations to BFIDC.The...

Government employees’ Eid vacation

Government employees in Bangladesh are going to enjoy an extended holiday during the upcoming Eid-ul-Fitr due to additional public holidays and weekend holidays, reports UNB.The government has already announced a five-day holiday for Eid but additional public holidays and weekends will extend the holidays.On October 17, 2024, the council of...