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

Next ADP size to reach Tk 1.73t

The government is set to approve Tk 1.73 trillion Annual Development Programme (ADP) for the next fiscal Thursday, with the transport sector receiving the highest funds, officials said Monday.They said the ADP outlay for the next financial year 2018-19 is 9.77 per cent or Tk 154.06 billion higher than that...

BB asks SoCBs to submit action plans

The central bank has asked the five state-owned commercial banks (SoCBs) to submit their action plans as early as possible to improve financial health through reducing the volume of classified loans. The instruction was given at a meeting held at the Bangladesh Bank (BB) headquarters in the capital on Monday...

Two SROs of NBR puzzle investors

Two statutory regulatory orders (SROs) of the National Board of Revenue (NBR) regarding tax exemption have created confusion among the investors of the private plants in economic zones (EZs), officials said.Through one SRO, NBR offered 10 years' tax exemption at reduced rate on income of EZ investors while another offered...

Despite repeated fatal accidents, trading activities going at the makeshift shops on both sides of the rail-tracks

Despite repeated fatal accidents, trading activities going at the makeshift shops on both sides of the rail-tracks adjacent to Karwan Bazar wholesale fish market in the capital on Monday morning — FE Photo by Shafiqul Alam

ESCAP projects 7.4pc growth in this fiscal

The Economic and Social Commission for Asia and the Pacific (UNESCAP) of the United Nations projected that Bangladesh economy would grow by 7.40 per cent in the current fiscal year. The UN organisation made the projection in its annual flagship publication 'Economic and Social Survey of Asia and the Pacific...

‘Bangabandhu-1’ satellite launching now on May 10

After a string of delays and rescheduling, the country's first space satellite Bangabandhu-1 is now expected to be launched on May 10.US aerospace company SpaceX has informed the state-run Bangladesh Telecom Regulatory Commission (BTRC) about the latest launching date following a successful testing on Friday last, BTRC officials told the...

Fear of land grabbing mounts as private zones proliferate

The Bangladesh Economic Zones Authority (BEZA) is unlikely to give permission to establish small private economic zones anymore as it considers bringing utilities to a large number of tiny sites is both expensive and unviable.Insiders say that many small private zones approved so far have been facing a host of...

News Watch (8-5-2018)

Govt fixes Ramadan office timings from 9:00am to 3:30pmThe government has fixed the office timings during the upcoming holy month of Ramadan from 9 am to 3:30 pm on every working day. The cabinet decided on Monday the office timings at a meeting, held with the Prime Minister Sheikh Hasina...