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

Recast tax provisions to woo investors, suggests BIDA

The Bangladesh Investment Development Authority (BIDA) opined that the existing tax provisions on depreciation of intangible assets are not investor-friendly in line with the economic advancement, officials said.It also sought rationalisation of the tax provisions on amortisation to attract more investors.Focusing on the issues, the authority has proposed the National...

End violence against Rohingya, urges Jolie

COX'S BAZAR, Feb 05: Special envoy for the United Nations High Commissioner for Refugees (UNHCR) Angelina Jolie visited the Rohingya refugee camps at Kutupalong on Tuesday and called on Myanmar to show its genuine commitment to end violence against Rohingya. People responsible for human rights violations must be held accountable...

A handful of companies dominate pharma mkt

More than 68 per cent of the local pharmaceutical market is now being dominated by only 10 companies, although a total of 204 are registered with the authority concerned, industry people said. The size of local pharmaceutical market stood at Tk 205.12 billion in 2018. The industry recorded a 16.51...

Hunt is on for way to ease NPL pressure

The central bank is trying to find a way out to ease pressure of defaulted loans that have already reached an alarming level in the country's banking system.It has already formed three committees to prepare a set of recommendations for amending three relevant pieces of law and regulations to help...

Mongla to host economic zone for India

Dhaka is set to sign a memorandum of understanding (MoU) with New Delhi on February 8 to set up an Indian Economic Zone in Mongla, Bagerhat.The NIDAR Industrial Park Pune (Pvt) Ltd., a sister concern of Hiranandani Group, will develop the economic zone (EZ) on 110 acres of land. The...

News Watch- (6-2-2019)

Biswa Ijtema extended by a day Biswa Ijtema has been extended by a day, the government has announced after a meeting with Tabligh Jamaat leaders. The congregation of Muslims would take place from February 15 to 18, according to the new schedule, State Minister for Religious Affairs Sheikh Md Abdullah...