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

Govt firmly committed to deepening BD-China ties

Commerce Minister Khandakar Abdul Muktadir on Friday said the new democratic government remained firmly committed to further deepening and strengthening Bangladesh-China bilateral relations based on mutual respect, sovereignty, equality, and a shared partnership for peace and prosperity.Speaking as the chief guest at the inauguration of Bangladesh Day at the 10th...

Bangladesh now most suitable for US investment: Adviser Titumir

Prime Minister's Adviser on Finance and Planning Dr Rashed Al Mahmud Titumir has described Bangladesh as the most effective and suitable destination for US investors, reports UNB.He made the remarks while addressing a roundtable discussion organised by the Business Council for International Understanding (BCIU) in Washington, DC, on Thursday as...

BB asks banks to expedite alternative trade mechanisms

The central bank has asked banks to expedite the use of alternative trade finance mechanisms, signaling a gradual shift from the country's heavy reliance on traditional Letter of Credit (LC) arrangements.Under the new framework, authorised dealer (AD) banks are permitted to facilitate a broader range of trade finance instruments. These...

Mandatory BIN proposed for business bank accounts to widen VAT net

The government has proposed making VAT registration or the Business Identification Number (BIN) mandatory for opening business bank accounts in a move aimed at expanding the Value Added Tax (VAT) net and increasing revenue collection, reports BSS.Finance and Planning Minister Amir Khosru Mahmud Chowdhury made the proposal while presenting the...

Eng Belayet Hossain new chief of CDA

CHATTOGRAM, June 12: Engineer Belayet Hossain has been appointed as chairman of the Chattogram Development Authority (CDA).He was appointed to the post for one year in a notice signed by Deputy Secretary of the Ministry of Public Administration Md. Golam Rabbani on Thursday (June 11). The notification of the Ministry...

Govt to meet 20pc of electricity demand with renewable energy by 2030

The government focuses on green mobility in its proposed tax measures for next fiscal year including a bunch of tax incentives to popularize and facilitate solar power.While placing the national budget on Thursday, Finance Minister Amir Khosru Mahmud Chowdhury set a target of generating 20 per cent of total electricity...

Five-year tax policy, faster approvals key to boosting investment, says Azam J Chowdhury

Leading industrialist Azam J Chowdhury has underscored the need for long-term policy certainty and streamlined investment approval processes, saying these are more important for attracting investment than marginal tariff adjustments proposed in the budget.Reacting to the proposed FY2026-27 budget, the Managing Director of MJL Bangladesh Limited said businesses require a...

RUPALI CASH SIGNS DISTRIBUTORSHIP AGREEMENT WITH AKIJ ONLINE

Rupali Cash, the mobile financial service (MFS) of Rupali Bank PLC, and Akij Online signed a distributorship agreement, aimed at expanding the digital financial services and enhancing customer service standards across the country. Kazi Md Wahidul Islam, Managing Director of Rupali Bank, and Sheikh Amin Uddin, Managing Director of Akij...

Bangladeshi mountaineer Nurunnahar greeted

Bangladeshi mountaineer Nurunnahar was greeted at a ceremony at the National Press Club in the city on Friday on the occasion of her conquer of the Everest, the highest peak of the world.— Focus Bangla

Venezuela issues natural gas permit to Britain's Shell

CARACAS, June 12 (AFP): Venezuela on Thursday granted British oil giant Shell a license to explore and export natural gas, as it joins the ranks of multinational companies rushing to tap the country's vast oil and gas reserves.Interim President Delcy Rodriguez opened the sector to foreign investment in January, pushing...