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

Finance adviser takes until June to moderate inflation to 6-7pc

Finance Adviser Dr Salehuddin Ahmed has sought three more months to rein in high inflationary pressure that has brought significant sufferings for the people. "It may take two to three more months for inflation to go down since the government is taking required measures," he told journalists after a meeting...

Intraco's gas allocation cut to one-fifth over deal breach

The government has cut natural gas allocation for Intraco Refueling Station to one-fifth as the company failed to supply the committed volume of compressed natural gas (CNG) from Bhola.As a result, the company will be able to compress up to 5.0 million cubic feet per day (mmcfd) of gas under...

Cold storage rents double

A sudden and sharp increase in cold-storage rent for potatoes has triggered widespread discontent among farmers, who are calling the hike "unreasonable" and a potential disaster for their livelihoods. The rent has surged from Tk 4.0 to Tk 8.0 a kilogramme despite no significant rise in electricity costs or operational...

2.5pc jewellers install EFD for VAT collection

Only 2.5 per cent of jewellery businesses in Bangladesh have installed electronic devices for VAT collection while 20 per cent have VAT registration.The dismal data has been revealed at a meeting between jewellers and the National Board of Revenue (NBR).Dr Mohammad Abdur Rouf, a member of the VAT wing, said...

52 bank A/Cs of ex-EXIM Bank chairman, family to be frozen

A Dhaka court has ordered the freezing of 52 bank accounts owned by former chairman of EXIM Bank Nazrul Islam Mazumder and his family members.The Judge of the Metropolitan Senior Special Judge's Court in Dhaka, Md Zakir Hossain, passed the order on Monday after hearing a petition filed by the...

BD-Pak jt working group soon to promote trade

Closing ranks long after their separation through Bangladesh's independence from Pakistan, the two countries are set to form a high-powered Joint Working Group (JWG) for expanding bilateral trade and cooperation.Sources say the Pakistan government has already sent a draft memorandum of understanding (MoU) to the Bangladesh government for first such...

ACC uncovers Tk 352m in FDR held by AL's wing

The Anti-Corruption Commission, or ACC, has announced the discovery of a fixed deposit receipt, or FDR, account valued at approximately Tk 352.1 million in the name of the Centre for Research and Information, or CRI, the Awami League's research wing, reports bdnews24.com.ACC Director General Md Akhtar Hossain told reporters on...

BNP proposes NHS-style universal health system for Bangladesh

The BNP has unveiled an outline for national health- sector reforms, aiming to establish a universal health system based on UK's National Health Service (NHS) model.BNP Standing Committee member and former Health Minister Khandaker Mosharraf Hossain presented the BNP's various short, medium and long-term proposals on Tuesday, to address the...

Pedestrians climb over a railing to cross the road

Pedestrians climb over a railing to cross the road in the Farmgate area despite the fact that there is a footbridge nearby. The photo is snapped on Tuesday. — FE photo by Asad-Uz-Zaman

Graft in selection of target people for SSNP under scrutiny: Adviser

Social Welfare Adviser Sharmeen Murshid on Tuesday said the interim government is inspecting the alleged corruptions in the target people selection process for social safety-net programmes (SSNP) by the ousted Sheikh Hasina government."We are evaluating and auditing the selection process of the target people for SSNP selection process during the...

China hits back at US with levies as Trump tariffs come in force

BEIJING, Feb 4 (AFP): China said Tuesday it would impose tariffs of 15 percent on imports of coal and liquefied natural gas from the United States, in retaliation for Washington's 10 percent levies on Chinese goods. Beijing's finance ministry also unveiled 10 percent tariffs on imports from the United States...

ACC urges BB to freeze officials' deposits in lockers

The Anti-Corruption Commission (ACC) has requested Bangladesh Bank Governor Ahsan H Mansur to take necessary steps to temporarily freeze all bank officials' safe deposits in lockers in its vault, reports UNB.A letter, signed by ACC Director Kazi Sayemuzzaman, was sent to the central bank governor on Tuesday, ACC Deputy Director...