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

NBR now hints at VAT Package

The proposed new VAT law may have a 'Package VAT'-like system as the National Board of Revenue (NBR) has shifted from its position to scrap the provision.NBR chairman Md Mosharraf Hossain Bhuiyan said it was earlier decided not to keep the package VAT system, but there would be something like...

Liquidity crisis blamed for panic sale of stocks

The capital market has witnessed a declining trend for flight of funds to better options and panic sales by jittery investors amid a lack of confidence.DSE Brokers Association (DBA) and Bangladesh Merchant Bankers Association (BMBA) representatives said this at an urgent press briefing on Tuesday.The briefing was held following the...

Non-food inflation hits consumers hard

Non-food inflation hit the consumers hard in March this year compared to the same period in the previous year, according to the latest data released on Tuesday.On a point-to-point basis, the rate of non-food inflation rose to 5.29 per cent this March, up from 3.52 per cent a year back.Overall...

IMF projects 7.3pc growth for BD

The International Monetary Fund (IMF) projected that the economy of Bangladesh would grow by 7.30 per cent in 2019.The April 2019 version of the World Economic Outlook (WEO), released on Tuesday morning in Washington, DC, unveiled the projection. The title of the outlook is 'Growth Slowdown, Precarious Recovery.'The IMF also...

US to help Bangladesh resolve Rohingya crisis, says Pompeo

US Secretary of State Mike Pompeo said on Monday the USA will stand by Bangladesh to resolve the Rohingya crisis permanently.He gave the assurance during his meeting with Bangladesh Foreign Minister Dr AK Abdul Momen at the US State Department."On the Rohingya issue, the US Secretary of State reassured that...

BPC goes into automation by June

The state-run Bangladesh Petroleum Corporation (BPC) is finally going into automation by June to bring about transparency and accountability in its fiscal transactions."We've already awarded the task of developing software to a local company for full automation of the BPC's payment system," the BPC Chairman Md Shamsur Rahman told the...

Biman Dreamliner slide deployed again

An evacuation slide of a Boeing 787 Dreamliner aircraft was deployed on Sunday evening for a Dhaka-bound flight from Bangkok, the second such incident in seven months.The first incident involved the first Dreamliner 787 Akashbeena, which arrived in Dhaka in August last year. The first incident took place on September...

News Watch- (10-04-2019)

Passenger held with 96 gold bars at Ctg airportCHATTOGRAM, Apr 09 (UNB): The customs intelligence arrested a passenger with 96 gold bars from Shah Amanat International Airport on Tuesday morning. "The gold bars were detected in the luggage of one Deedarul Alam during scanning around 11:30am," said Kazi Khairul Kabir,...