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

Local handsets grab 60pc market share

Some 10 telecom vendors have set up plants in Bangladesh considering the size of market coupled with an ever-increasing purchasing power of the population.The emergence of tech firms in just three years since 2017 now meets nearly 60-per cent domestic demand, approximately 30-million handsets annually, people familiar with the development...

PM expects armed forces' enhanced contribution

Prime Minister Sheikh Hasina expected on Saturday the armed forces to earn enhanced professional expertise to contribute more to the nation building campaign being imbued with patriotic spirit as it emerged through the process of 1971 Liberation War, reports BSS."The armed forces that emerged on a smaller scale in the...

ILO defers action until March next

International Labour Organization (ILO) has deferred until next March its decision about taking further action against Bangladesh's non-observance of three core conventions, sources said.It also urged the government of Bangladesh to go for a time-bound roadmap of actions with tangible outcomes in full consultation with the workers, employers and social...

Covid makes resurgence

A total of 28 people died of Covid-19 in the last 24 hours, giving credence to the onset of the second wave of the respiratory illness in Bangladesh, which could turn deadlier in winter. With the new figures, the death toll from the lethal virus reached 6,350 at the end...

Tax evasion by MNCs, individuals high in BD

The tax abuse by multinational corporations (MNCs) and private individuals in Bangladesh is equivalent to at least three-fifths of the country's health budget, according to an estimate by Tax Justice Network (TJN).The annual estimated loss in tax in the county due to evasion is US$ 703.40 million (or around Tk...

Gold trader held over 'illicit' assets

The Rapid Action Battalion or RAB has arrested gold trader Monir Hossain, locally known as Golden Monir, for possession of illegal assets, a firearm and liquor, reports bdnews.24.The elite police unit apprehended him from his Merul Badda home on Friday during an overnight raid led by RAB-3 Executive Magistrate Palash...

Briefing 22-11-2020

Mixed trend in IT companies' EPSListed IT companies have performed mixed in recommending dividend and reporting EPS (earnings per share) for the financial year (FY) compared to previous FY. Page 9Trump's election prospect bleak Donald Trump has had a fresh setback in his bid to overturn his loss in the...