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

Savers resent ‘whimsical’ deduction of source-tax

Savers have resented the deduction of tax at higher rate on the yield of their government savings tools (Sanchayapatras) that had fallen due on or before June 30 last.Whims rather than reasons and rules are at play as far as imposing tax is concerned, they have alleged.They expressed disappointment over,...

Minni freed on bail, finally

BARGUNA, Sept 03 (UNB): Ayesha Siddika Minni was released from the district jail on bail on Tuesday in a case over the murder of her husband Rifat Sharif.Mozammel Hossain, father of Minni, received her at the jail gate when she walked out of the jail around 4:35 pm, said Anwar...

PM’s instruction to weigh tolls on key highways

Prime Minister Sheikh Hasina asked the authorities concerned on Tuesday to explore the possibility of imposing toll on key national highways and utilising the funds for maintenance of the road network.She made the directive while presiding over a meeting of the Executive Committee of the National Economic Council (ECNEC) in...

NPL buildup, high cost of fund remain major potential risks

The country's banking sector is now moderately competitive and stable. But, there are some potential risks for the sector, including further increase in the volume of non-performing loans (NPLs), insolvency, growing urban and rural discrepancy, and high cost of fund, a study opined. The Bangladesh Institute of Bank Management (BIBM)...

Open-end MFs interest fund managers more

Most of the fund managers now prefer floatation of open-end mutual funds (MFs) to closed-end ones, as they consider options of the open-end ones more viable and investor-friendly than the latter ones.As a result, the number of open-end MFs has gradually increased over the last five years, while the number...

Aug inflation declines marginally

The point-to-point inflation rate has declined by 0.13 percentage point to 5.49 per cent in August, compared to the previous month, official data showed.The fall in inflation rate is due to a drop in the prices of some essential items.The figure for July was 5.62 per cent, according to the...

Traffic grinds to a standstill

Traffic grinds to a standstill on the Mayor Hanif Flyover, as the city witnessed tailbacks in different areas on Tuesday. The photo was taken in Hatkhola area — FE photo by Shafiqul Alam

News Watch (4-09-2019)

Govt curbs 3G, 4G mobile services at Rohingya campsThe government has restricted telecommunication services in and around Rohingya shelters in keeping with its efforts to cut the refugees' access to mobile phones. The Bangladesh Telecommunication Regulatory Commission (BTRC) ordered mobile network operators to shut down 3G and 4G services in...