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

Only strong banks should get state entities' deposit

Only the strong and well-managed banks should be allowed to receive 50 per cent deposit of the state entities, a leading economist of the country opined on Monday."Not all the banks should be allowed to get 50 per cent of the government funds as deposit," Dr. Ahsan H Mansur said...

FICCI proposes gradual cut in corporate tax

Foreign investors Monday proposed the National Board of Revenue (NBR) to devise a plan to cut corporate tax rates gradually and expand the tax net over the next five years.The members of the Foreign Investors Chamber of Commerce and Industry (FICCI) proposed to align the rate of corporate tax with...

DWASA says it is ready to address waterlogging problem

One single agency should be given the responsibility for maintaining the city's drainage system to ensure its better management, the Dhaka WASA chief said Monday."The drainage system of the city is maintained by several agencies at present, but it should go under one authority," Managing Director (MD) of Dhaka Water...

BGMEA gets one more year to demolish bldg in Hatirjheel

The Supreme Court granted on Monday Bangladesh Garment Manufacturers and Exporters Association (BGMEA) one more year for demolishing its complex located in the Hatirjheel-Begunbari Lake, reports UNB.A four-member Appellate Division bench, led by Chief Justice Syed Mahmud Hossain, passed the order after the apex trade body of the country's garment...

TIB airs concern over proposal to formulate Bank Reporting Act

Terming the proposal of Bangladesh Association of Banks (BAB) for formulating the Bank Reporting Act as illegal, Transparency International Bangladesh (TIB) expressed deep concern over it, reports UNB.In a statement, TIB executive director Dr Iftekharuzzaman said on Monday BAB proposed the act to prevent media from disclosing any kind of...

ACC probes into bank transactions of eight top BNP leaders

The Anti-Corruption Commission (ACC) has launched an investigation into an allegation of 'suspicious' bank transactions of Tk 1.25 billion by eight top leaders of the BNP in 30 days, reports bdnews24.com.The leaders are National Standing Committee members of the party Khandaker Mosharraf Hossain, Mirza Abbas, Amir Khasru Mahmud Chowdhury and...

Rise in imports pushes forex down in March

Foreign exchange reserves of the country dropped to $32.40 billion at the end of March from $33.37 billion the previous month. But the reserves were up nearly 1.0 per cent from a year earlier, the central bank said on Monday. The monthly decline was fuelled by a rise in imports,...