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

Textile yarn bond curbs spark industry divide

The Ministry of Commerce has recommended excluding imports of 10-30-count yarn from the duty-free bonded warehouse facility, citing the need to shield Bangladesh's local spinning industry from mounting pressure caused by low-priced imports. The proposal has triggered sharp reactions from garment exporters, who fear the move could raise production costs...

EC clears prominent figures as appeal hearing ends

The Election Commission (EC) on Sunday concluded its final day of appeal hearings clearing the way for several prominent candidates, including BNP Vice-Chairman Abdul Awal Mintoo and leader Aslam Chowdhury, to contest the upcoming National Parliament election.However, the commission disqualified several others on grounds of loan defaults and dual citizenship.Mintoo's...

NBR launches automated system easing compliance for importers

The National Board of Revenue (NBR) on Sunday launched an automated system that allows income tax paid at the import stage to be directly credited to taxpayers' electronic income tax returns, significantly easing long-standing compliance hassles for importers. The new facility has been introduced through the successful integration of the...

Tk 450b prog to overhaul pry education system underway

The government has initiated a Tk 450-billion programme to overhaul the country's primary education system to be implemented over the next five years beyond the existing development projects.The proposed programme aims to narrow the persistent gaps in learning outcomes, achieve universal enrolment from the existing 94.55 per cent, raise the...

Chinese envoy meets NSA, discusses Teesta project

Issues related to Teesta River Comprehensive Management and Restoration Project and the proposed Bangladesh-China Friendship Hospital were discussed during a meeting between Chinese Ambassador Yao Wen and National Security Adviser Dr Khalilur Rahman at the Chief Adviser's Office in Dhaka on Sunday.The meeting was held in a cordial and constructive...

'Robber' killed in lynch-mob attack in Noakhali

Noakhali, Jan 18 (UNB): A 35-year-old suspected robber was killed in a lynch-mob attack at Kalir Bazar in Kabirhat upazila of Noakhali district on Saturday night.The deceased was identified as Mizanur Rahman Rony, son of Shahid of Joinadpur village in the upazila.Mizanur Rahman was wanted in six criminal cases, said...

T-bill yields mixed as banks turn cautious

The yields on treasury bills (T-bills) showed a mixed trend on Sunday as banks opted to place their excess liquidity in shorter-tenure securities rather than longer-dated ones, amid uncertainty ahead of the national polls.According to auction results, the cut-off yield, generally regarded as the interest rate, on the 91-day T-bills...

'Bar dancer' found dead in Gulshan

Police have recovered the body of a woman with her throat slit from a rented house in the Kalachandpur area of Dhaka's Gulshan Thana, reports bdnews24.com.The deceased has been identified as 27-year-old Sadia Akhtar Mimi, who worked as a dancer at a restaurant and bar, police say. She also had...