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

Import revenue from US goods drops 11pc in amid LNG duty waiver

Bangladesh's import revenue from United States-origin goods fell by 11.41 per cent in the just-concluded fiscal year 2024-25, largely due to a government tax waiver on Liquefied Natural Gas (LNG) -- the country's second-largest import item from the US.According to data from the Bangladesh Customs, analysed by The Financial Express...

Eight new gas wells to be drilled

The government is to drill eight new gas wells - five in Bhola and the rest in three other districts - in a bid to ramp up domestic gas production and reduce dependence on costly imports, officials said.This will be done under two proposed projects with a combined estimated cost...

CNG drivers end blockade as army mediates

CNG-run auto-rickshaw drivers withdrew their blockade in the capital's Banani area on Sunday evening after nearly seven hours of protests, allowing traffic to resume on the Mohakhali route around 7pm following the intervention of the army.The blockade caused serious traffic gridlocks and widespread suffering for commuters throughout the day, with...

BB asks banks to comply with URC in contract-based trade transactions

Bangladesh Bank (BB) has asked the banks concerned to comply with international rules and regulations in import-export transactions based on sales contracts. If the transactions are done through the documentary collection method, banks must follow the internationally recognised 'Uniform Rules for Collection (URC)', said the central bank of Bangladesh.The BB...

Political parties agree on cabinet approval to declare emergency

Political parties at the dialogue with the National Consensus Commission have agreed that the cabinet approval should be added instead of the Prime Minister's signature to declare a state of emergency.The Leader of the Opposition or, in his/her absence, the Deputy Leader of the Opposition should be included in the...

Load-shedding recorded at 97 MW on Jul 12

Load-shedding across the country stood at around 97 MW on Saturday, as 15,413 MW of electricity was generated against the peak demand for 15,510 MW, according to official data of Bangladesh Power Development Board (BPDB).Rangpur zone experienced the highest load-shedding of 67 MW as electricity supply was around 1,044 MW...

T-bill yields drop as banks turn to risk-free investments

Yields on treasury bills (T-bills) dropped significantly on Sunday, as banks opted to park their excess liquidity in risk-free government instruments amid subdued private sector credit demand.The cut-off yield, commonly referred to as the interest rate, on the 91-day T-bills fell to 11.58 per cent from 11.97 per cent, while...

Armed Forces' magistracy powers extended

The government has extended the executive magistracy powers granted to officers of the Armed Forces by another 60 days-the fifth such extension-to help maintain law and order across the country.The extension will take effect on July 14, the public administration ministry said in a notification issued on Sunday, reports bdnews24.com.The...