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

Treasury bond yields spike

The yields on long-term treasury bonds increased significantly on Tuesday as banks expressed unwillingness to invest their excess liquidity in the risk-free securities.The cut-off yield, generally known as interest rate, on the 10-Year Bangladesh Government Treasury Bonds (BGTBs) rose to 12.28 per cent on the day from 11.88 per cent...

ECNEC approves record 17 projects worth Tk 89.74b

The interim government on Tuesday approved a record 17 development projects in a single sitting, six of them revised, without facing the press, as the planning adviser once again avoided the post-ECNEC media briefing. The move comes amid rising concerns over transparency and scrutiny during the interim administration's project approval...

Govt to amend labour law by October

The government has decided to amend the labour law in line with international standards by October this year, which will help safeguard workers' rights."We'll amend the labour law by October to meet the requirements of the International Labour Organisation (ILO) and report our compliance in November," said retired Brig Gen...

Court orders freezing of S Alam's huge foreign assets

A special court in Dhaka orders expropriating a cache of overseas property of embroiled S Alam Group owner Mohammed Saiful Alam and his wife Farzana Parveen in a money-laundering case. The same court also issues travel ban on ten officials of Islami Bank Bangladesh Limited, including its former Managing Director...

Flights disrupted, thousands stranded

At least 11 international flights of different airlines en route to Middle Eastern countries were rescheduled since Monday night, leaving thousands of passengers stranded temporarily. Officials concerned of the Hazrat Shahjalal International Airport in Dhaka said that the disruption of flights has occurred due to the temporary closure of airspace...

CA for clean environment, conserving biodiversity

Chief Adviser Prof Dr Muhammad Yunus on Tuesday called upon all to make joint efforts to build a prosperous Bangladesh full of clean environment and conserving biodiversity for future generations.He made the call in a message issued on the occasion of World Environment Day to be observed today (Wednesday) in...

Labour ministry for lifting 10pc tax on workers' benefit under LWF

Ministry of Labour and Employment has sought withdrawal of the existing 10 per cent tax on the benefits of workers under the Labor Welfare Fund (LWF).In a letter, the ministry has urged the Ministry of Finance to take necessary steps to this effect, said official sources.The letter said the Laboure...

Unity Council accuses NBR chairman

The NBR Reform Unity Council has accused NBR Chairman Md Abdur Rahman Khan of obstructing the government's revenue reform agenda and threatened a nationwide shutdown if he is not removed by June 27.At a press conference held Tuesday at the NBR headquarters in the capital's Agargaon, Council leaders alleged that...

July fighters to get allowance from next month: Adviser

The 'July fighters' of the student-people uprising will get allowance from next month, said Liberation War Affairs Adviser Faruk E Azam."In addition to the monthly allowance, the wounded fighters in the July uprising will receive free treatment in government hospitals for whole life," he said in an exclusive interview with...

Govt increases 'special benefit' for employees

The government has increased the monthly "special benefit" for public sector employees, including military personnel, civil servants, and pensioners, with the revised rates taking effect from July, reports BSS.To this end, Ministry of Finance issued a notification on Monday.According to the notification, the government has set the special allowance minimum...

BD joins UN Water Convention

Bangladesh has officially acceded to the UN Convention on the Protection and Use of Transboundary Watercourses and International Lakes (UN Water Convention), becoming the first country in South Asia to do so.The country joined the treaty on June 20, becoming the 56th country worldwide to accede, according to a statement...