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

Government in search of Tk 200b to fund bank-resolution recipe

With no budgetary allocations in state coffers for funding bank-resolution recipe, the interim government now looks to secure money required for floating a state-owned shariah bank amalgamating five ailing private banks, officials say.To keep afloat the banks -- hollowed largely by forged lending in the past -- the government at...

SIBL founding directors demur at govt decision

Founding directors of Social Islami Bank PLC (SIBL) have turned down government-planned merger of five struggling shariah-based lenders, including theirs, as the die is all but cast.Terming the mergers move made by the central bank as part of its financial-sector reform recipe as 'unjust' and unacceptable, they said Monday that...

DUCSU election today

All are set for transition-time crucial election to Dhaka University Central Students' Union (DUCSU) and hall unions today amid hope for a smooth sailing. The voting for student union at the apex seat of learning in Bangladesh is seen as a litmus test ahead of national elections set for transition...

New growth drivers, business reforms vital for economy

Economist Dr Hossain Zillur Rahman on Monday stressed the need to identify new drivers of growth, tackle business harassment, and strengthen the apex trade body to keep Bangladesh's economy on track amidst global changes and domestic challenges. Speaking as the chief guest at a seminar in Dhaka, he said the...

Many high-end cars hidden out of tax return

Nearly half of Bangladesh's luxury-car owners hide out their vehicle ownerships from tax returns, allegedly evading state revenue in one of many tricks of tax-dodging. Among the non-disclosures, nearly 40 per cent of the luxury cars owned by large taxpayers have not been disclosed in their tax files. Some 123...

Gen-Z protest over social media ban, corruption in Nepal, at least 19 killed

KATHMANDU, Sept 8 (Reuters): Unrest killed at least 19 people in Nepal on Monday, authorities said, as police in the capital fired tear gas and rubber bullets at protesters trying to storm parliament in anger at a social media shutdown and corruption.Some of the mainly youth protesters forced their way...