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

Consumers unlikely to benefit as FMP duty rises in FY27 budget

The government's decision to reduce customs duty on bulk infant formula may not bring meaningful relief to consumers as the country's most widely consumed milk- powder category -- filled milk powder (FMP) -- has been subjected to higher taxation in the new national budget.While customs duty on bulk infant formula...

BTMA seeks swift rollout of duty-free access

Bangladesh Textile Mills Association (BTMA) on Wednesday urged faster implementation of the duty-free market-access facility for apparel products made from US cotton and man-made fibre (MMF), in line with the existing trade agreement between Bangladesh and the United States.The call came during a meeting between BTMA leaders and a delegation...

BGMEA proposes roadmap based on performance

Bangladesh Garment Manufacturers and Exporters Association (BGMEA) on Wednesday proposed a gradual and performance-based roadmap for implementing zero liquid discharge (ZLD) in the ready-made garment (RMG) sector instead of the existing mandatory commitment.ZLD is an advanced water treatment process designed to eliminate liquid waste from industrial operations.The BGMEA made the...

DMP to enforce road-wise vehicle speed limits

The Dhaka Metropolitan Police (DMP) is likely to enforce road-specific speed limits across the capital in line with the Motor Vehicle Speed Limit Guideline 2024 in a bid to reduce road accidents and improve traffic safety.The move comes as the guideline, formulated by the Road Transport and Highways Division, has...

Three more childred die with measles-like symptoms

Three children died with measles-like symptoms in the 24 hours to 8:00am on Wednesday, according to the Directorate General of Health Services (DGHS).With the latest fatalities, deaths linked to measles-like symptoms have risen to 689 since mid-March this year. Of the total fatalities, 93 were laboratory-confirmed measles cases, according to...

Mob beats 'thief' to death in Tongi

A young man has been beaten to death by a mob on suspicion of theft in Gazipur's Tongi.The incident took place near a pedestrian staircase on a flyover in the Station Road area around 7am on Wednesday, according to Zillur Rahman, an inspector from Tongi East Police Station, reports bdnews24.com.Police...

Four mobile operators owe govt Tk 131.44b: Telecom minister

Bangladesh's four mobile telecommunications operators owe an aggregate amount of Tk131.44 billion to the government, Minister for Posts, Telecommunications and Information Technology Faqir Mahbub Anam informed parliament on Wednesday.The minister disclosed the figure at the Jatiya Sangsad (JS) while responding to a question from lawmaker Lutfur Rahman during a question-answer...

Govt approves Tk 13.56b LNG purchase, multiple development projects

The Cabinet Committee on Government Purchase (CCGP) on Wednesday approved procurement proposals involving consultancy services, infrastructure development, port operations, youth skills development and LNG imports, report agencies.The approval came at the committee's 28th meeting of this year with Finance Minister Amir Khosru Mahmud Chowdhury in the chair.The committee approved the...

Despite the introduction of AI-based traffic management

Despite the introduction of AI-based traffic management on several key roads in the capital, traffic police still have to manually regulate vehicle movement during peak hours as the system struggles to ease congestion fully. The photo was taken at the Secretariat intersection in the capital on Wednesday afternoon. — FE...