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

Empower BB to sack high-ups of SoBs

The existing Banking Companies Act (BCA) should be reformed to empower the Bangladesh Bank (BB) with the authority of dismissing the chairmen and directors of the state-owned banks (SoBs), said BB former deputy governor Khondkar Ibrahim Khaled.Such legal reforms can help the SoBs to lower their non-performing loan (NPL) ratio...

PM for taking steps to make jute sector profitable

Prime Minister Sheikh Hasina laid on Wednesday emphasis on branding the jute products as environment-friendly ones throughout the world to grab markets, reports UNB."We'll have to spread jute products throughout the world branding those as environment-friendly ones. If we can do that, we'll get a larger market (for jute products)...

Myanmar, UN oppose BD plan to create ‘safe zone’ in Rakhine

Bangladesh's plan to create a "safe zone" inside the North Rakhine state for the Rohingya appears to be uncertain as both Myanmar and UN experts oppose the idea."Myanmar government always rules out categorically the proposals to establish safe zone inside Myanmar's territory," the Myanmar Embassy in Dhaka said recently.Myanmar's position...

BNP human chain threatens movement for Khaleda’s release

Demanding Bangladesh Nationalist Party (BNP) chairperson Khaleda Zia's unconditional release from prison, the party's secretary general, Mirza Fakhrul Islam Alamgir, warned that they would go for a tougher movement if Khaleda is not released.Fakhrul also called upon the government to ensure required medical treatment for Khaleda immediately as she is...

NBR looks to net in 0.7m new taxpayers this FY

The National Board of Revenue (NBR) has set a target to find out a total of 0.7 million new taxpayers in the current fiscal year (FY), 2018-19, from the owners of house properties, businesses and salaried persons.Officials said the NBR's Income Tax Wing will conduct a door-to-door survey on the...

Dhaka upbeat on Saudi investment deals

Bangladesh expects to get billions of dollars of investments from Saudi Arabia in energy, aviation and healthcare sectors as both sides open talks today (Thursday).The 34-member delegation led by two Saudi ministers will spend the day in the capital when investment deals and memorandums of understanding (MoUs) are expected to...

News Watch- (07-03-2019)

1,000 tourists stranded at St Martin’s islandCOX'S BAZAR, Mar 06: Over 1,000 tourists have got stranded at the St Martin's coral island in the Bay of Bengal due to inclement weather. Local administration asked the tourists not to leave the island until the weather improved. The authorities suspended vessel movement...