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

July-Jan revenue shortfall Tk 148b

Government's tax-revenue collection suffered about a Tk 148-billion shortfall until January of this fiscal year against its target mainly for slow-paced reform to expand the tax net, sources said.Officials said such large amount of shortfall in the first seven months of the FY 2017-18 would make it difficult for the...

Nation to observe historic March 7 today

The historic March 7 will be observed today (Wednesday).The day will recall the greatest Bangalee leader of all time Bangabandhu Sheikh Mujibur Rahman and his epoch-making speech that drew the crucial strategy to make Bangladesh a sovereign state, reports BSS.This year the nation is remembering the 'red-letter day' in the...

Vietnamese president for quadrupling trade to $2.0b

Vietnamese President Tran Dai Quang at a business meet expressed his intent to quadruple the volume of Bangladesh-Vietnam annual trade to US$ 2.0 billion in two years. He, to that end, stressed enhancing interaction between the two Asian countries so that the trade potential could properly be tapped."I think the...

Muhith doubts Rohingya repatriation, plans budget allocation for them

Finance Minister AMA Muhith says Rohingya refugees are turning a liability for Bangladesh as he doubts their repatriation to Myanmar. And that is why the finance minister now plans for making budget allocation for them in the country's next national budget."Firstly, they (Myanmar) will take back only a few. Besides,...

Govt goes slow as infrastructure not ready yet

The government has adopted a go-slow strategy to sign sales and purchase agreements (SPAs) with LNG suppliers as necessary infrastructure to 'evacuate' the fuel is not ready yet, officials said.They said the market for consuming the liquefied natural gas (LNG) was also inadequately ready, prompting the government high-ups to dawdle...

NEC approves Tk 1.58tn revised ADP

The National Economic Council (NEC) approved on Tuesday a Tk 1.58 trillion Revised Annual Development Programme (RADP) for the current fiscal year (FY18) downsizing the original ADP of Tk 1.64 trillion, reports UNB."The NEC today approved the revised original ADP making a Tk 49.50 billion cut from the part of...

Lanka declares emergency to quell riots

COLOMBO, March 6 (AFP): Sri Lanka on Tuesday declared a nationwide state of emergency after riots targeting Muslims left at least two people dead and homes ablaze in a hill station popular with tourists.Sri Lanka's parliament Tuesday issued an apology to its Muslim minority, which constitutes 10 per cent of...

News Watch (07-03-2018)

Truck runs over traffic constable A traffic constable was crushed to death under the wheels of a speeding truck at Gabtoli in the city's Mirpur area on Tuesday morning. The truck knocked down Constable Abdul Majid, 35, at Technical intersection at around 7:00am when he was on duty. He was...