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

Allocation rises by 20pc, but efficacy concerns remain

A substantial Tk 5.41 trillion, equivalent to 57.64 per cent of the proposed FY27 budget, has been earmarked for poverty alleviation in the next fiscal year, according to finance ministry documents.The allocation represents a Tk 893.19 billion increase, marking a 19.79 per cent rise, from the revised allocation of Tk...

GDP growth to be 4.6pc in FY27: WB

The World Bank has revised Bangladesh's growth prospect into down trajectory as it forecast the Gross Domestic Product (GDP) growth at 4.6 per cent in the upcoming fiscal year (FY) 2026-27.It has also downgraded Bangladesh's GDP growth projection for the outgoing FY2026 by 0.8 percentage point to 3.8 per cent...

Budget to create scopes for looting, corruption, says Jamaat

Bangladesh Jamaat-e- Islami, in its post-budget reactions, has said the proposed budget for the fiscal year (FY) 2026-2027 will create scopes for "looting and corruption".The party also said the budget is not implementable because of its large deficit, debt-dependent financing, unrealistic revenue target, and additional tax burden.Jamaat Secretary General Professor...

Budget overlooks banking, power, job loss: Nahid

National Citizen Party (NCP) ConvenorNahid Islam has said the budget proposed by the BNP government lacks initiatives to address the fragility of the banking sector, the energy and power sector crisis, and unemployment issues, reports bdnews24.com.Talking to journalists at the Chattogram Circuit House on Friday in the presence of the...

A floating fruit market opens for business every morning on the Kaptai Lake

A floating fruit market opens for business every morning on the Kaptai Lake in Rangamati. Farmers from hilly areas bring boatloads of seasonal fruits, including jackfruit, pineapple, and mango, for sales. Trade takes place on the boats, creating a charming scene on the waterbody. The photo was taken from Banarupa...

Businesses warn of higher compliance costs over tax sheet certification

Businesses may face higher compliance costs under the proposed budget as the government seeks to make certification of Income Computation Sheets (ICS) mandatory by professional accountants or tax lawyers, despite ongoing efforts to move tax return filing to a fully online system.The provision, included in the proposed tax measures under...

BSF push-in attempt foiled by BGB, locals on Kushtia border

Kushtia, June 12 (UNB): An alleged attempt by India's Border Security Force (BSF) to push 12 people into Bangladesh through the Pragpur border in Daulatpur upazila of Kushtia district was foiled by the Border Guard Bangladesh (BGB) and local residents on Friday morning.Locals said the group - comprising four women,...