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1 week ago | 
news.bloombergtax.com | Arun Devnath
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1 week ago | 
news.bloomberglaw.com | Arun Devnath
Bangladesh’s interim government has postponed a tax reform ordinance and pledged to strengthen the National Board of Revenue, following days of protests by tax officials, according to a statement from the finance ministry.
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1 week ago | 
bloomberg.com | Arun Devnath
Muhammad Yunus(Bloomberg) -- Bangladesh’s interim government has no intention of stepping down before completing its responsibilities, a top cabinet member said, rejecting speculation over a possible resignation of its leader Muhammad Yunus. “We will not leave our tasks unfinished,” Wahiduddin Mahmud, the government’s planning adviser, told reporters Saturday after a meeting of officials who are overseeing the country’s democratic transition.
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3 weeks ago | 
bloomberg.com | Arun Devnath
(Bloomberg) -- Bangladesh has repealed an order that limited movements in its currency as it boosts efforts to adopt a market-determined exchange rate. The central bank revoked a directive issued in January that capped the spread between dollar buying and selling rates, according to a statement on its website on Wednesday. It also reaffirmed a December 2024 circular that permits freely negotiated FX rates.
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3 weeks ago | 
bloomberg.com | Arun Devnath
Bangladeshis celebrate after the interim government officially banned all activities of the Awami League under the Anti-Terrorism Act, in Dhaka on May 10. (Bloomberg) -- Bangladesh will ban the former ruling Awami League party under anti-terrorism law, the nation’s chief adviser’s office said in a statement, citing national security and the need to protect witnesses in criminal trials.
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1 month ago | 
bloomberg.com | Arun Devnath
Bangladesh’s economy has suffered a series of shocks in recent years. (Bloomberg) -- The International Monetary Fund said it will continue discussions with Bangladesh for a staff level agreement in the near-term, indicating that authorities will need to do more to secure further loans.
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2 months ago | 
bloomberg.com | Arun Devnath
Bangladesh’s interim government has formally asked the US to postpone a 37% tariff on the South Asian country for three months as it pledges to increase imports of American goods, including liquefied natural gas and key agricultural commodities. The pause would allow Dhaka to “smoothly implement its initiative to substantially increase US exports to Bangladesh,” the country’s Chief Adviser Muhammad Yunus’ office said in a statement on Monday, describing a letter sent to President Donald Trump.
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2 months ago | 
bloomberg.com | Arun Devnath |Sudhi Ranjan Sen
Bangladesh leader Muhammad Yunus reiterated his country’s demand that India extradite deposed leader Sheikh Hasina during a meeting with Indian Prime Minister Narendra Modi on Friday. The demand was made when Modi and Yunus met on the sidelines of a regional summit in Bangkok, according to government officials. It was the first face-to-face meeting between the two leaders since Yunus took office in August after street protests toppled Hasina’s government last year.
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2 months ago | 
bloomberg.com | Arun Devnath
Bangladesh is looking to hold talks with the Trump administration in a bid to lessen the blow from a US decision to impose a 37% tariffs on goods that could devastate the country’s $40 billion garment export industry. Bangladesh is seeking ways to reduce its trade surplus with the US to help decrease the duty the nation will now have to pay for its exports to America, officials said.
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2 months ago | 
bloomberg.com | Sanjai P R |Arun Devnath
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