The government has made submission of income tax return proof mandatory for investing more than five lakh in savings certificate and to open account in post office savings bank. The information came from a circular sent from Debt Management Division of the Bangladesh Bank to Chief Executives of all banks on July 25. The central bank has given directive to ...

Economists have expressed concern just after Bangladesh’s foreign exchange reserves slipped below $40 billion, even though that should be capable of meeting six months import payments, based on imports for the immediate past fiscal. Such concern was not seen 12 years ago, when Bangladesh’s forex reserves were only $10.60 billion in the FY2010 (2009-10 fiscal). That is roughly the same ...

Twitter spent $33m (£27m) on Elon Musk’s proposed deal to buy the firm between April and June 2022. It also said its number of monthly daily users had risen to 237m – but it reported a net loss of $270m, which was worse than expected. Mr Musk has since changed his mind about the purchase, and a court date is ...

Annual Development Programme (ADP) implementation rebounded to nearly pre-covid level in the just-concluded 2021-22 fiscal year after a two-year slowdown by the pandemic. ADP executing ministries and divisions could spend Tk 2,037.65 billion to post an overall 92.79 percent implementation performance last fiscal, according to a draft report of IMED. ADP performance tumbled to 80.39 percent in FY20 when Bangladesh ...

Wheat prices tumbled Friday, retreating to levels last seen prior to the Russian invasion of Ukraine following a landmark agreement to unblock Ukraine’s Black Sea grain exports. In Chicago, the price of wheat for delivery in September dropped 5.9 percent to $7.59 per bushel, which is equivalent to about 27 kilograms and the lowest close since Russia invaded its neighbor ...

Prince Harry can take the British government to court over his security arrangements in the U.K., a judge in London ruled Friday. Harry and his wife Meghan lost publicly funded U.K. police protection when they stepped down as senior working royals and moved to North America in 2020. The prince wants to pay personally for police security when he comes ...

Japan’s core consumer prices for items excluding fresh products rose 2.2 percent in June from a year earlier, driven by energy costs, government data showed Friday. Excluding energy, the increase was just one percent compared to a year earlier, according to data released by the interior affairs ministry. The June inflation figures were in line with expectations and mark the ...

Price of bottled soyabean oil has decreased by Tk 14 per litre to Tk 185 with effect from Thursday. Bangladesh Vegetable Oil Refiners and Vanaspati Manufacturers Association (BVOVMA) has taken this decision. The association sent a letter to Senior Secretary Ministry of Commerce in this regard. Due to decrease in edible oil in the international market, a decision has been ...

Britain’s former finance minister Rishi Sunak again topped the latest vote by Conservative MPs to choose a new prime minister, as another candidate was eliminated to leave three contenders in the race. Sunak garnered 118 votes, followed by former defence minister Penny Mordaunt on 92 and Foreign Secretary Liz Truss on 86, with longshot candidate Kemi Badenoch trailing on 59 ...

The government has set the export target for the current fiscal year at $67 billion, up 11 percent than that a year ago. Commerce Minister Tipu Munshi made the announcement at a press briefing at his ministry in the capital on Wednesday. Of this, $58 billion is expected to come from merchandise export and the remaining $9 billion from services. ...