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

Building commodity buffer stock, inviting FDI in healthcare dominate to-do-list

Building an essential commodities' buffer stock to counter import-driven price volatility and inviting foreign direct investment in healthcare-and technical-vocational education sectors are among 31-point recommendations an economic -restructuring is set to make. Sources say the taskforce on economy and development, formed by the post-uprising government as part of wide-ranging reforms...

Dr Yunus begins extensive engagements in Davos

DAVOS (Switzerland), Jan 21 (UNB): Chief Adviser Prof Muhammad Yunus began his extensive engagements here on Tuesday with his first meeting with German Chancellor Olaf Scholz shortly after his arrival here from Zurich by road.The meeting was held on the sidelines of the annual meeting of the World Economic Forum...

Trump signs executive order to end birthright citizenship

President Donald Trump has signed an executive order seeking to end birthright citizenship for children born in the United States to undocumented immigrants, reports UNB.The controversial move is expected to face immediate legal challenges, as it contradicts over 150 years of constitutional interpretation under the 14th Amendment.The executive order, titled...

NBR's CIC raids Benazir's resort

The Central Intelligence Cell (CIC) of the National Board of Revenue (NBR) conducted a raid on Tuesday at Savana Eco Park and Resort owned by former inspector general of police (IGP) Benazir Ahmed.Md Tariq Iqbal and Wakil Ahmed, two CIC directors, led the 15-member team.CIC Deputy Director Shah Md Fazle...

Steelmakers seek duty-free import of raw materials

Several companies, including BSRM, have sought duty-free imports of raw materials against bank guarantee, aiming to boost export growth, an official at the commerce ministry said.BSRM chairman Alihussain Akberali has recently written to the ministry, seeking required steps on the issue.The official also said that two more companies also sought...

Taxmen agree to support IMF's NBR reform recipe

Leaders of two associations of income tax and customs and VAT reached a consensus Tuesday to separate the policy wing from the implementation wing of the National Board of Revenue (NBR) as recommended by the International Monetary Fund (IMF).In a hurriedly called meeting, the BCS (Taxation) and BCS (Customs and...

Individuals can purchase tools worth Tk 4.5m

Bangladesh Bank (BB) Debt Management Department (DMD) on Tuesday issued a circular clarifying the amendment of the family saving certificate policy, reports UNB.The following paragraph has been substituted for Article 3 of the Family Savings Certificate Policy, 2009:Eligibility for purchasing savings certificates:The central bank said that any Bangladeshi aged 18...

No plan to resume special OMS soon

Finance Adviser Dr Salehuddin Ahmed on Tuesday ruled out the possibility of resuming the special open market sale (OMS) anytime soon, which was stopped in December last year.Approximately 0.8 million people benefited directly from the OMS service, which was jointly launched by the ministries of agriculture and commerce on October...

Rising imports, govt stock put little impact on rice market

Rising rice imports, aimed at fueling government stocks amid public procurement, have had hardly any impact on the rice market as prices of the essential item continue to be higher.On the other hand, a scarcity of coarse varieties like 'Guti Swarna' in the city has been forcing the poor to...