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

Regulator raises policy rate again in inflation combat

Formal credits get further costlier for businesses and consumers as the central bank raised the policy rate by 50 basis points again in less than a month to contain inexorable inflation. The Bangladesh Bank's belt-tightening step comes as part of its contractionary monetary stance to take the steam out of...

President seems on brink as student change-makers demand his exit

Two students were injured as security forces fired gunshots at protesters trying to break through the barricades on Tuesday night in front of President Mohammed Shahabuddin's official residence Bangabhaban, demanding his resignation. Another person was injured as police blasted sound grenades to disperse them. The police action irked the protesting...

Economic uncertainty impacts domestic revenue mobilisation

The ongoing economic uncertainty has affected domestic revenue mobilisation in Bangladesh, resulting in negative growth in the first quarter of the current fiscal year (FY).According to provisional data from the National Board of Revenue (NBR), revenue mobilisation decreased by 6.07 per cent or Tk 45.84 billion in the July-September period...

No decision yet on President's removal

No government decision has yet been made regarding removal of President Shahabuddin from his post, said a spokesman for the Chief Adviser office on Tuesday at a press briefing. "Since no decision has been taken in this regard, so it is unwise to comment on this," said deputy press secretary...

Cyclone Dana may hit BD coast Oct 25

Dana, a possible severe-to-very severe cyclone, is set to make a landfall on October 25, causing concern for another disaster in the coastal region.It would be the sixth oceanic storm that might occur just in 18 months along Bangladesh coast.Climatologists and meteorologists said cyclone is taking place frequently in the...

Chief Justice holds closed-door parley with two Advisers

Chief Justice Syed Refaat Ahmed Tuesday held a closed-door meeting with two advisers of the interim government, Dr Asif Nazrul and Nahid Islam, amid a new wave of turmoil over the President's fate.This meeting is believed to have high significance when the demand for President Mohammed Shahabuddin's resignation is becoming...

E-tax filing mandatory for staff of key sectors

The National Board of Revenue (NBR) has made online tax return submissions mandatory for specific individual taxpayers starting this year (tax year 2024-25).The requirement applies to employees of all scheduled banks and telecom companies, as well as those working within Gazipur, Narayanganj, Dhaka north and south city corporations.Additionally, employees from...

IMF cuts BD GDP growth projection

The International Monetary Fund (IMF) has revised Bangladesh's GDP-growth projection down to 4.5 per cent for the current fiscal year on account higher inflationary pressure on the economy.Earlier in April this year, it projected that the GDP growth of Bangladesh would be 6.6 percent.The IMF has made the projection in...

Prayer Timings (2024-10-23)

Anti-discrimination Student Movement announces central convening committee

Anti-discrimination Student Movement coordinator Hasnat Abdullah has been named the convener of a four-strong central committee formed by the platform.Coordinator Sarjis Alam announced the panel at a media briefing at the Central Shaheed Minar in Dhaka on Tuesday, reports bdnews24.com.Arif Sohel will be the member secretary of the committee, with...

300 bank accounts frozen so far after uprising

The Bangladesh Financial Intelligence Unit (BFIU), the central bank's financial intelligence agency, has been freezing bank accounts of individuals and institutions to combat money laundering in the country. As of Tuesday, around 300 accounts have been frozen following the fall of the Awami regime, according to BFIU sources. These accounts...