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

H1 tax revenue posts double-digit growth

The tax revenue collection posted double-digit growth, more than 14 per cent, in the first half of the current fiscal year (H1), but the gains were not enough to offset a widening gap against official targets. Provisional figures show that while domestic revenue mobilisation improved year on year, the National...

Tarique vows flats for Korail residents

BNP Chairman Tarique Rahman has promised flats, schools and healthcare for Korail slum residents in his Dhaka 17 constituency, seeking their prayers ahead of the Feb 12 election, reports bdnews24.com.Speaking at a prayer gathering on Tuesday at Mohakhali T&T Colony ground, organised to seek blessings for late BNP chairperson Khaleda...

BNP unveils eight-point social reform agenda

The Bangladesh Nationalist Party (BNP) on Tuesday unveiled an eight-point priority social-policy agenda, pledging sweeping reforms to rebuild the country's economy and social fabric after what it described as years of mismanagement under the Awami League government.The party said the proposed framework aims to restore democratic accountability, promote inclusive growth...

Court orders seizure of 463 decimals of S Alam Group land

A Dhaka court has ordered the seizure of 463 decimals of land owned by Mohammed Saiful Alam, chairman of S Alam Group, who is accused of being a bank defaulter.The order was passed by the Metropolitan Senior Special Judge Court and Metropolitan Sessions Judge Court in Dhaka on Tuesday following...

10-year bond yield slides on dollar buys

The yield on 10-year treasury bonds declined on Tuesday as the central bank purchased an additional US$45 million from two banks in a bid to stabilise the exchange rate of the US dollar against the local currency.According to auction results, the cut-off yield, generally regarded as the interest rate, on...

DNCC issues 16-point guideline on house rent

FE REPORTThe Dhaka North City Corporation (DNCC) on Tuesday issued a 16-point guideline on house rent, including a provision that rent cannot be increased within two years of a hike.The authorities have also capped annual rent increases at 15 per cent of the property's value.Under the guidelines, tenants will have...

Project kicks off to boost revenue mobilisation

A first-of-its-kind initiative aimed at strengthening domestic revenue mobilisation by ensuring interoperability among different wings of the National Board of Revenue (NBR) has started operations.The government has already signed a financing agreement with the World Bank on this, and the project work formally started last Thursday. On Tuesday, the NBR...

Massive fire ravages Rohingya camp in Ukhiya-

COX'S BAZAR, Jan 20: A devastating fire broke out on Tuesday at Rohingya Camp-16 in the Shafiullah Kata area of Palongkhali union under Ukhiya upazila in Cox's Bazar, destroying at least 500 shelters and leaving nearly 3,000 Rohingyas homeless.The blaze erupted at around 3:00am and was brought under control by...