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

Plethora of products, services under tax surveillance

A new array of hundreds of products and services - 50 in each category- have been shortlisted for special surveillance on value- added tax (VAT) collection by a high-powered taskforce in a government bid to ramp up revenue. The 10-member team has been formed by the National Board of Revenue...

PM can't advise President to summon anything that doesn't exist constitutionally: Treasury

Parliament Sunday witnessed an impromptu debate over delays in convening the constitutional reform council envisaged under the July National Charter implementation order, as the time runs out.Leader of the Opposition Shafiqur Rahman, who also leads Bangladesh Jamaat-e-Islami, raised the issue during an unscheduled discussion in parliament, noting with concern that...

Banks make do with available funds sans crunch

Notwithstanding pressure of liquidity amid splurges ahead of Eid festival, Bangladesh's interbank call-money market showed signs of stability with banks successfully make doing with available cash thanks in part to central bank's backing.Although the volume of borrowings through interbank call-money market keeps increasing slowly, the weighted average rate (WAR) of...

Global fertiliser price four-year high, may affect Bangladesh farming

Global fertiliser prices hit a four-year high, putting pressure on Bangladesh through fertiliser-supply problem and import-cost escalation, as the US-Israel war on Iran blocked the world trade-lifeline Strait of Hormuz. Although the country has fertiliser stock of 1.8-million tonnes for until May, analysts forewarn rising energy prices, higher freight charges...

Govt lifts fuel rationing as fresh oil cargoes arrive

The government on Sunday lifted all fuel-rationing measures for petrol, octane, and diesel following the arrival of several imported oil consignments at Chattogram port, easing supply concerns ahead of Eid-ul-Fitr.State Minister for Power, Energy and Mineral Resources Anindya Islam Amit announced the decision at a press conference at the Secretariat...

Mirza Abbas admitted to S'pore General Hospital

Mirza Abbas, political adviser to Prime Minister Tarique Rahman and a member of the BNP Standing Committee, was admitted to Singapore General Hospital on Sunday afternoon.He was flown to Singapore by an air ambulance on Sunday for better medical treatment.Mizanur Rahman Sohel, personal assistant to Mirza Abbas, told the media...

Gulf countries report new attacks after Iran warns major UAE ports to evacuate

Gulf countries reported new attacks Sunday morning, a day after Iran called for the evacuation of three major ports in the United Arab Emirates, threatening for the first time a neighboring country's non-U.S. assets, report agencies.Tehran accused the United States of using "ports, docks and hideouts" in the UAE to...