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

Textile mills push for withdrawal of AIT on cotton imports

Leaders of the country's primary textile mills demanded immediate withdrawal of recently imposed 2.0 per cent advanced income tax (AIT) on cotton imports to avert factory closures.They also urged the interim government to maintain the 15 per cent corporate tax until 2028 and exempt the specific tax of Tk 5...

Free Trade Zone to be set up in Ctg

CHATTOGRAM July 05: The government is considering developing a Free Trade Zone (FTZ) on 400 acres of land near southern part of the Karnaphuli Tunnel in Anwara upazila in the port city. According to experts, the establishment of FTZ is believed to be a game changer in the country's economy....

Take action to achieve 'Three Zeros'

Environment, Forest and Climate Change Adviser Syeda Rizwana Hasan on Saturday called for sincere practice of social responsibility to achieve the Three Zeros -- zero poverty, zero unemployment, and zero net carbon emissions.She addressed leaders from across the Muslim world on the urgent need to tackle poverty, joblessness, and environmental...

BADC TO IMPORT FERTILISER FROM MOROCCO

Bangladesh Agricultural Development Corporation (BADC) has renewed a deal with OCP Nutricrops to import 630,000 tonnes of TSP and 480,000 tonnes of DAP fertilisers from Morocco for fiscal year 2025-26 under the supervision of the Ministry of Agriculture (MOA). BADC Chairman (Grade-1) Md Ruhul Amin Khan signed the deal in...

Experts urge strategic focus to tap global halal market

FE REPORTBangladesh should focus on strategic planning, quality production, and effective marketing to tap the potential for grabbing the huge global market of Halal-certified products, which is estimated at $3.3 trillion.All stakeholders to the production and marketing of such products should work in coordination to boost the country's export earnings.Experts...

LNG spot prices fall on weak demand

SINGAPORE, July 5 (Reuters): Asian spot liquefied natural gas (LNG) eased this week as subdued demand, rising supply and ample inventories weighed on prices.The average LNG price for August delivery into north-east Asia was $12.70 per million British thermal units (mmBtu), down from $13.10/mmBtu last week, industry sources estimated.LNG stockpiles...