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

Garment exports to EU might lose duty-free access after graduation

Bangladeshi-made readymade garments might not get duty-free market access to the European Union (EU) under GSP-plus facility after its graduation and related transition period up to 2029, sources say. After the year 2029, Bangladesh will lose its duty-free market access to the EU under the current EBA or everything-but-arms facility...

Bringing back laundered money may take 4-5 years

The government will amend some sections of the existing Money Laundering Prevention Act, 2012 aiming to make the recovery of laundered money and assets from abroad more efficient and effective.The decision was taken Wednesday at a meeting of the National Coordination Committee on combating money laundering and terrorist financing at...

Don't need India's advice on our elections: Adviser

India summoned Bangladesh high commissioner to Delhi to convey "strong concerns" over security environment in Bangladesh and alleged threats to the Indian mission in Dhaka, amid diplomatic "tension".Dhaka dispels such concerns, and also takes exception to New Delhi's uncalled-for remarks on modalities of Bangladesh polls. India's Ministry of External Affairs...

Police halt July Oikya's march to Indian High Commission

Police on Wednesday halted July Oikya's march to the Indian High Commission in the capital's Badda area.The July Oikya platform, comprising demonstrators of the July 2024 uprising, launched the march at around 3:00 PM from the Rampura Bridge area in the city.Police halted the march in front of Badda Hossain...

FY24 in BB’s sight as revised REER base year

Bangladesh Bank (BB) is planning to revisit the base year for calculating the Real Effective Exchange Rate (REER) index to make it more realistic and representative of current market conditions, officials said.The central bank currently uses FY2015-16 as the base year for calculating the REER index. However, officials noted that...

Govt suspends 14 Secretariat staff

The government has temporarily suspended fourteen employees of the Bangladesh Secretariat following their involvement in a protest demanding reinstatement of the 'Secretariat allowance'. As part of the move, the respective ministries have issued official notifications on December 15, saying the employees have breached the government service regulations. As of now,...