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

July-Jan trade deficit soars 92pc to $10.12b

The country's overall trade deficit crossed US$10-billion mark in the first seven months of the ongoing fiscal year (FY), 2017-18, mainly due to higher import payments against lower export receipts, officials said.The deficit rose by nearly 92 per cent or $4.84 billion to $10.12 billion in July-January period of FY...

Famed physicist Stephen Hawking expires at 76

World renowned physicist Stephen Hawking has died at the age of 76, report agencies.He died peacefully at his home in the British university city of Cambridge in the early hours of Wednesday.The British scientist was famed for his work with black holes and relativity, and wrote several popular science books...

Questions remain over who was in control of plane during landing

There remains a big question about who was actually in control of the ill-fated US-Bangla plane during its landing as it crash landed in Kathmandu on Monday killing at least 51 people including 26 from Bangladesh.Apart from the issue of miscommunications between the cockpit and the airport traffic control (ATC),...

NBR lifts VAT on ship import to ease sea-borne trade

The government has offered exemption from VAT in case of import of large vessels above 5,000 deadweight tonnes to facilitate sea-borne trade.The National Board of Revenue (NBR) issued Wednesday an order, exempting importers from paying 15 per cent Value Added Tax (VAT) on the import of ocean-going ships.First secretary of...

More schools under MPO in next budget

The government would look to allocate more money in the upcoming budget for bringing more schools under the Monthly Pay Order (MPO) system, Finance Minister AMA Muhith said Wednesday. "The parliamentarians are strongly lobbying for bringing more schools under the MPO," he said after a pre-budget Meeting with the Chairmen...

News Watch (15-03-2018)

Telecom div approves VAS policyThe Post and Telecommunications division approved Wednesday the Value Added Service (VAS) policy. Post, Telecommunications and Information Technology Minister Mostofa Jabbar signed a copy of the policy at his office in the Secretariat. After giving his consent, the minister said that there had been no guidelines...