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

Bangladesh moves four notches up, ranks 89th

Bangladesh has moved four notches up to 89th position in the latest edition of an index that analyses the global startup ecosystem.In the category of the city, the country's capital Dhaka also improved its position by 115 notches to secure 211st position, said the Global Startup Ecosystem Index 2023 report.Israel-based...

Ctg biz leaders laud budget

CHATTOGRAM, June 02: Business leaders in Chattogram have largely expressed their support for the proposed national budget for the 2023-24 fiscal year, considering it a pro-development measure that will contribute to transforming Bangladesh into a smart country. The Chittagong Chamber of Commerce and Industry (CCCI) commended the budget, highlighting its...

More competitive industrial and commercial sectors needed for post-LDC era

The government is considering taking necessary initiatives to make the country's industrial and commercial sectors more competitive aiming to cushion possible external shocks to such sectors in the post LDC (least developed country) era, the finance minister said.Finance Minister AHM Mustafa Kamal in his proposed budget speech for the financial...

Budget eyes equality-based society with $12,500 per capita income

The proposed budget for the fiscal 2023-24 has projected to establish a society based on justice and equality under 'Smart Bangladesh' by the year 2041 when most of the economic indicators will be favourable including per capita income of at least $12,500."In our Smart Bangladesh, the per capita income will...

Tax waiver on 425 import items

The government has waived import taxes on a total of 425 products, including fish and ready-made garment, in a bid for dependencies from import taxes to phase out.In the budget proposal for fiscal year 2023-24, finance minister AHM Mustafa Kamal has lifted supplementary duty (SD) from 234 import products and...

Govt sets 7.5pc growth target

The government has set an ambitious 7.5 per cent economic growth target for the next fiscal year (FY), 2023-24, despite various internal and external macro-economic headwinds. The Gross Domestic Product (GDP) growth target is 1.47 percentage points higher than the 6.03 per cent provisional estimation in the outgoing FY.The government...

BIBM unveils two books

The Bangladesh Institute of Bank Management (BIBM) has unveiled two books titled 'Financing Public and Private Partnership in Bangladesh' and 'Case Studies in Credit Operation and Management in Banks', reports BSS.Ahmed Jamal, chairman, BIBM Executive Committee and deputy governor of Bangladesh Bank, unveiled the books on Thursday as the chief...

IBBL LAUNCHES SPECIAL CAMPAIGN

Islami Bank Bangladesh Limited launched a month-long special campaign titled 'Smart Banking towards Excellence in Asset Quality' on Thursday. Mohammed Monirul Moula, Managing Director and CEO of the bank, inaugurated the campaign as the chief guest at Islami Bank Tower. Muhammad Qaisar Ali, Additional Managing Director, presided over the event.

BANGLADESH COMMERCE BANK'S LOAN RECOVERY CAMPAIGN

Bangladesh Commerce Bank Limited has inaugurated 'Top 20 default borrower recovery campaign'. Chairman of the bank's Board of Directors Prof Dr. Engr. Rashid Ahmed Chowdhury was present as the chief guest while Managing Director and CEO (CC) Dr Md Abdul Kader presided over the meeting. In order to recover the...