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

Public entities' DSLs keep on swelling, cross Tk 1.0t mark

Debt service liabilities (DSLs) of state-owned entities, autonomous and semi-autonomous bodies soared to Tk 1.02 trillion at the end of the last fiscal year (FY) 2016-17, according to official statistics.The amount of DSL comprises both principal and interest. The aggregate amount of principal and interest overdue stood at over Tk...

'Country needs roadmap to cut corporate tax to bag more FDI'

Bangladesh needs to develop a roadmap for rationalising its corporate tax rates, if the country wants to attract more foreign direct investment (FDI), a top official of the global financial giant Standard Chartered Bank (SCB) has said."Corporate tax rates in Bangladesh, at this point, are a bit higher," said Chief...

Plea for 10-year tax holiday for relocated tannery factories

Bangladesh Tanners Association (BTA) urged on Sunday the revenue authority to declare tax holiday for next seven to ten years for tannery factories that have been relocated to the Savar Tannery Estate.They also proposed the National Board of Revenue (NBR) to slash value added tax (VAT) rate from 15 per...

JS body backs quota reform

The parliamentary standing committee on public administration gave its opinion on Sunday in favour of bringing about "logical reform" in the existing quota system in government jobs in the light of the constitution.The Jatiya Sangsad (JS) committee's observation came, days after Prime Minister Sheikh Hasina announced in the parliament that...

A passerby jumping to cross a road dug

A passerby jumping to cross a road dug to lay cable lines at Karwan Bazar in the city on Sunday —FE photo by Shafiqul Alam

Blast at election centre in Kabul kills at least 57

KABUL, Apr 22 (Reuters): A suicide bomber blew himself up outside a voter registration center in the Afghan capital Kabul on Sunday, killing at least 57 people and injuring more than 100, in the most serious attack yet on preparations for elections scheduled for October.Islamic State claimed responsibility for the...

News Watch (23-04-2018)

Today's HSC geography exam now on May 14The government has postponed the second paper of the HSC geography exam after a test centre mistakenly opened a packet of question sets, a day before the exam. The exam, which was set to be held today (Monday) will now be held on...