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

Farm credit disbursements fall 14pc in July-November

Farm credit disbursements fell by more than 14 per cent in the first five months of the current fiscal year (FY 2024-25) mainly due to higher interest rate and political uncertainty, officials said.The loans disbursed came down to Tk 130.81 billion during the July-November period of FY '25 from Tk...

Suppliers' credit report requirement rules relaxed

Credit reports for foreign suppliers will not be required for imports up to US$30,000 against proforma invoices issued directly from abroad, according to a Bangladesh Bank (BB) circular issued Wednesday.It said such reports will not be necessary for imports up to $40,000 provided that indents are used by local agents....

Govt rejects local energy giant's plea to revive cancelled contract

The interim government has turned down Summit Group's plea to revive the cancelled contract earlier signed to build its second floating storage and re-gasification unit (FSRU) at Moheshkhali island in the Bay of Bengal.The Energy and Mineral Resources Division (EMRD) under the Ministry of Power, Energy and Mineral Resources (MPEMR)...

US for labour law reform to extend rights to EPZs

The United States has called for Bangladesh to reform its labour laws to extend the rights of freedom of association and collective bargaining to export-processing zones and special economic zones.It also presses for easing trade union registration requirements for workers and a fair minimum wage process for garment workers.The US...

All-party conf over July Proclamation today

The Interim Government, led by Chief Adviser Professor Muhammad Yunus, will hold an all-party conference over the July proclamation today (Thursday), reports UNB.The conference will be held at the Foreign Service Academy between 4:00 pm and 7:00 pm, CA's Deputy Press Secretary Abul Kalam Azad Majumder said on Wednesday evening.The...

Mobile food courts and makeshift eateries on roads have long been hampering vehicular movement

Mobile food courts and makeshift eateries on roads have long been hampering vehicular movement in Dhaka city. The snap shot on Wednesday shows a row of shops taking a big portion of a Shantinagar road. — FE Photo by Asad-Uz-Zaman

NBR to review VAT on internet, medicines, restaurants, hotels

FE REPORTAmid stakeholders’ demand, the National Board of Revenue (NBR) has decided to review the recently imposed Value Added Tax (VAT) on internet services, medicines, restaurants, and hotels.In response to a January 5 letter from the Bangladesh Restaurant Owners Association, the NBR announced in a circular issued on Wednesday that...

31 ousted MPs' Land Cruisers to be auctioned

CHATTOGRAM, Jan 15 (UNB): Chattogram Customs House has set January 21 to auction more than 100 vehicles, including 31 high-end cars imported by former members of parliament (MPs) from the ousted Awami League government, who had benefited from duty-free privileges."These vehicles will be put up for auction on January 21...

Govt plans to impose duty on onion import

The government plans to impose tariff on onion import with an eye to protecting the interest of domestic farmers, sources said.To this end, the agriculture ministry has written to the commerce ministry recently, suggesting taking further measures on the issue.The commerce ministry is currently working on the issue. It is...