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

No quota for govt jobs anymore: PM

Sheikh Hasina speaking in the parliament on Wednesday ......................................... Prime Minister Sheikh Hasina announced on Wednesday that there would be no quota system in government jobs anymore, report agencies.After hearing it protesters announced to halt their movement until this (Thursday) morning. They will also disclose their next step over the...

BD economy to grow at 7.0pc in FY 18: ADB

The Asian Development Bank (ADB) has projected a 7.0 per cent economic growth for Bangladesh in the current fiscal year (FY), 2017-18.The national statistical body -- the Bangladesh Bureau of Statistics (BBS) -- has recently unveiled its provisional data, according to which Gross Domestic Product (GDP) is expected to expand...

NBR mulls raising revenue flow by cutting corporate tax

The National Board of Revenue (NBR) is considering carrying out an 'experiment' to increase revenue earning by lowering corporate income tax, said its Chairman Md Mosharraf Hossain Bhuiyan.He also promised to include non-traditional and new products in the list of bonded warehouse facility for enjoying duty-free benefit to diversify the...

Govt spends one-fourth of current budget in H1

Bangladesh recorded a budget surplus of Tk 2.37 billion in the six months to December of the current fiscal year, mainly due to slow spending of budgetary resources. Finance minister AMA Muhith disclosed Wednesday this while presenting a report on the budget implementation and macro-economy in Parliament.The surplus is significantly...

Planning minister protests WB comments on growth

Planning Minister AHM Mustafa Kamal has protested the World Bank's comments on Bangladesh's economic growth, asking the global lender to amend its latest update by next month.He urged the bank to sit with the Bangladesh Bureau of Statistics (BBS) for gathering knowledge about the questions it raised on different government...

Algerian military plane crash kills 257

ALGIERS, Apr 11 (Reuters): More than 250 people were killed when a military plane crashed in a field outside Algeria's capital on Wednesday, state media said, in the country's worst air disaster.Television footage showed crowds and emergency vehicles massing around the smoking and flaming wreckage near Boufarik airport southwest of...

News Watch (12-04-2018)

Bangabandhu-1 satellite launch now on May 4After a couple of rescheduling, Bangladesh's first commercial satellite Bangabandhu-1 will be flying to space on May 4. Bangabandhu-1 project director Md Mesbahuzzaman confirmed the new schedule to news agency on phone on Wednesday. "US company SpaceX who will put Bangabandhu-1 into orbit has...