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

Leather sector leaders seek CETP problem fixing forthwith

Leather-sector leaders Sunday urged the government to make the central effluent-treatment plant (CETP) functional to facilitate their business that holds huge export potential.Leaders of Bangladesh Finished Leather, Leathergoods and Footwear Exporters' Association (BFLLFEA) made the request at a meeting with finance adviser of the interim government Dr Salehuddin Ahmed at...

Six financially distressed banks squeeze corporate tax

Six financially distressed banks pose a significant challenge for the revenue authority in achieving its corporate tax-collection target for the current fiscal year as their submissions so far plummeted into a pit.Tax officials have reported a precipitous 73.48-per cent fall in the taxes paid by these banks compared to the...

Nonbanks also freed from SMART fetters in interest fixing

Now non-bank financial institutions (NBFIs) are also freed from the fetters in interest fixing, five months after disbanding the SMART-centric interest-fixing mechanism on the money market, giving all the lenders a freeplay. The Department of Financial Institutions and Markets (DFIM) of the central bank issued a circular dismantling the SMART-driven...

UK to help ACC bring back illicitly transferred funds

The British delegation assured the Anti-Corruption Commission (ACC) of their full support in repatriating any illicitly transferred funds from the UK back to Bangladesh.The assurance was given during a meeting between the ACC and a four-member delegation from the British High Commission. The delegation included First Secretary Political, Ms. Doyin...

Downtrend in startup funding for poor links

Funding in local startup companies has shrunk in recent times for factors like poor international affiliation of many founders, failure to follow global-standard operations and limited country branding, according to insiders.The unavailability of a dedicated policy as well as local and global economic slowdown can also be held also liable...

Marches across US mark Gaza war anniversary

WASHINGTON, Oct 6 (AFP): Thousands marched in US cities from Washington to Los Angeles on Saturday, demanding an immediate ceasefire as the war in Gaza nears the one-year mark, with a man attempting to self-immolate in protest.The marches were part of a worldwide day of action against the devastating war,...