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

Protesters postpone movement for quota reform until May 7

The students and jobseekers, demonstrating for reforms to quota system in the government jobs, rejected on Monday night assurances by the authorities concerned of giving a decision after examining the quota system, reports bdnews24.com.They said they will press ahead with their demonstrations until the decision is given or a new...

India holds out assurance of solving Rohingya crisis

Indian foreign secretary Vijay Keshav Gokhale said Monday his country had requested Myanmar to implement the Dhaka-Naypyidaw agreement on the repatriation of the 'displaced people'.He also said that India would supply another 500 megawatts of power to Bangladesh's national grid by June this year.Mr Gokhale, who arrived in the city...

Economy to grow at 6.5pc in this fiscal, says WB

The World Bank has expressed its doubt over the Bangladesh's 7.65 per cent economic growth projection for the current fiscal year (FY) raising questions about data accuracy."The robust growth projection for the current fiscal is doubtful as some government statistics doesn't match with it (projection)," said the bank's lead economist...

Budget to 'rationalise' rate, cut layers

The budget for the upcoming fiscal year, 2018-19, would explore ways for 'rationalising' the existing corporate tax rate in the country, Finance Minister A M A Muhith said in the capital on Monday. "The current corporate tax rate in Bangladesh is quite high, and there are many layers depending on...

DSE not required to pay for licensing

The technical offer of Chinese consortium includes 10-year licensing for use of SZSE (Shenzhen Stock Exchange) trading system application software by Dhaka Stock Exchange (DSE).The cost of such trading system improvement service will stand at $9.0 million, out of a total offer worth $37 million.But the DSE will not be...

NBR seeks explanation from Agrani

The National Board of Revenue (NBR) has issued a show cause notice on Agrani Bank following the state-owned bank's failure to pay value added tax (VAT) and excise duty worth Tk 400 million to it (NBR).The large taxpayers unit (LTU) under the VAT wing of the NBR sent a letter...

News Watch (10-04-2018)

PM receives Indian Eastern Command memento Prime Minister Sheikh Hasina received on Monday a replica presented by Indian Eastern Command on surrender of Pakistan Army in Dhaka on December 16, 1971. Housing and Public Works Minister Engineer Mosharraf Hossain handed over the replica to the prime minister. Commander of the...