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

Serious anomalies taint project car use

Car purchase under development projects has emerged as one of the areas where irregularities are rampant, with the vehicles being used indiscriminately and improperly, officials said.The implementing agencies neither return their cars to the government pool once projects are over, nor use those properly maintaining rules and regulations, they said.Instead,...

Dhaka, Delhi sign seven deals

NEW DELHI, Oct 05 (UNB): Bangladesh and India signed on Saturday seven bilateral documents, aiming to take the relations between the two countries to the next trajectory.The documents were signed, exchanged, adopted and handed over after a bilateral meeting between Prime Minister Sheikh Hasina and her Indian counterpart Narendra Modi...

GP, Robi to skip BTRC response

Network operators Grameenphone and Robi have decided not to respond to the showcause notice of the telecom regulator over the non-payment of Tk 134 billion dues found in audit.The deadline for the replying to the notice of the Bangladesh Telecommunication Regulatory Commission ends today (Sunday). The two largest mobile phone...

50 hurt as Biharis clash with police at Geneva Camp

At least 50 people, including 20 policemen, were injured when residents of Mohammadpur Geneva Camp clashed with the law enforcers on Saturday afternoon, reports UNB.A police vehicle was torched and a patrol vehicle of Mohammadpur Police Station was vandalised during the clash. Dozens of small shops were also damaged.Police and...

NBR issues guidelines on VAT refund

Privileged organisations, embassies and other international organisations will have to receive VAT refund from field-level VAT offices instead of duty exemption and drawback office as per new VAT law.To this end, the National Board of Revenue (NBR) on Thursday issued guidelines to simplify the VAT refund process of privileged organisations.However,...

Deficit of governance makes home ownership difficult in Dhaka

Experts at a programme on Saturday said that absence of state intervention and deficit of good governance in the housing market have contributed to making housing unaffordable in Dhaka although neoliberalism was adopted with a view to increasing home ownership.During the mid-1990s, the share of owner-occupied houses was 31.9 per...

Briefing 06-10-2019

RMG export to US grows 11.8pc The country's readymade garment (RMG) export to the US during the first eight months of 2019 registered 11.81 per cent growth to $4.08 billion compared to that of 2018, riding on shifting orders from China. Page 16Omera to raise capital thru' IPOOmera Petroleum Ltd....