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

Govt to phase out tariff value system from FY ‘19

The government is set to start phasing out the tariff value system from the upcoming fiscal year (FY), 2018-19, as it is found that consumers are not getting benefit of it.The National Board of Revenue (NBR) is likely to withdraw tariff value for some consumer products in the budget for...

Ramadan begins

The holy Ramadan, the lunar month of self-purification through fasting and abstinence, begins in the country today (Friday), reports UNB.Lailatul Qadr, the night of divine blessings, will be observed on the night of June 12.Muslims fast from dawn to dusk during the lunar month, a time of restraint and austerity.During...

Banking sector biggest downside risk to economy, says MCCI

Dhaka-based preeminent trade body MCCI has termed the country's banking sector the biggest downside risk to the economy."The corruption-ridden banking sector is perhaps the biggest downside risk now," said the Metropolitan Chamber of Commerce and Industry, Dhaka (MCCI) in its quarterly economic review released on Thursday.The review for the period...

No 'breakthrough' in JWG talks on Rohingya repatriation

The joint working group (JWG) meeting on the repatriation of Rohingya refugees ended in the city Thursday without any breakthrough.But the Bangladesh-Myanmar joint working group has agreed to 'work more' to find out a mechanism for jump-starting the repatriation.Foreign secretary M Shahidul Haque and his Myanmar counterpart permanent secretary at...

DSEX slumps below 5,500-mark on selling spree

Stocks suffered loss for 12 running sessions with the prime index of Dhaka bourse plunging to the lowest level in one year on Thursday, as selling frenzy of worried investors was going on unabated. Market operators said the investors are in selling spree, fearing further fall of stock prices amid...

Ctg Port gets first ever rail-mounted gantry crane

CHATTOGRAM, May 17: Chittagong Port is set to enhance its cargo handling speed by 25 per cent within this calendar year as it installed port's first ever rail-mounted gantry crane and nine other sophisticated equipment today.35 other cranes and other equipment will arrive from abroad by next August.Shipping Minister M...

News Watch (18-5-2018)

Arrest warrants against Khaleda in two libel suitsA day after Khaleda Zia secured bail from the top court in a graft case, two Dhaka metropolitan magistrates have ordered execution of arrest warrants for her in two libel suits. The BNP chief was not released after the Supreme Court on Wednesday...