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

Reform rules, cut corporate tax to 25pc to net in investment

FE Report A national policy think-tank suggests Bangladesh knock down maximum corporate tax to 25 per cent over a three-year period as part of reform to spur investment and economic growth.At the same time, the Policy Research Institute (PRI) called for simplifying and streamlining the tax laws and tax administration...

A man shares his food with crows at Suhrawardy Udyan

A man shares his food with crows at Suhrawardy Udyan in the city on Saturday. — FE photo by Shafiqul Alam

Umpteen clients of NBFIs unsafe

Jasim Uddin Haroon Bangladesh's 34 non-bank financial institutions all operate outside deposit-insurance system, thus denying myriad of savers protections in case of the NBFIs going bankrupt or losing the capacity to pay.Sources said the central bank of Bangladesh had made a move to mend the lacuna few years back, but...

Move to launch two more metro rail projects by June

Dhaka Mass Transit Company Ltd (DMTCL) has planned to start the process of implementing two more metro rail projects in the city's two corridors by June this year.Sources said the state-owned company has also taken steps to start the recruitment process for increasing the number of professionals for readying the...

Congress back at work to keep US govt shutdown short-lived

Congress prepared to return to work Saturday as negotiators pressed for a budget deal to keep a government shutdown that began at midnight short-lived, reports The Washington Post. Agencies shut down for the first time in more than four years late Friday after senators rejected a temporary spending patch and...

Mild tremor jolts India's Assam

A light earthquake has struck India's Assam, 30km from Bangladesh's Kurigram border. The 4.6- magnitude earthquake struck around 7:15am on Saturday morning, said Kolkata-based daily Anandabazar. Five seconds of vibrations were felt at Assam, Jalpaiguri, Alipurduar and Kuchbihar. There have been no reported casualties. The US earthquake monitoring organisation USGS...

Mystery as Lakehead school owner 'led away'

Unidentified people have led away Lakehead Grammar School owner Khaled Hassan Matin from his office in Dhaka. An official of the school said seven to eight persons in plainclothes came to Matin's Gulshan offices on Saturday and led him away, Gulshan Police Inspector Salauddin Miah said. "Police immediately began investigating...