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

NBR trashes BIDA plea on VAT cut

The revenue board has dismissed a number of proposals from the Bangladesh Investment Development Authority (BIDA) that the latter feels would help ease doing business in the country. In one proposal, the BIDA has suggested relaxing tax burden, in the form of VAT (value added tax), on financially-vulnerable companies.It is...

38 more die, 2,060 positive

Thirty eight more people died from Covid-19 disease in the 24-hour period until Sunday morning in the country, showing an upward trajectory of deaths and new cases.With the latest death tolls, including 28 on Saturday and 17 on Friday, total deaths from the viral disease reached 6,388 since this March.The...

Dhaka urges Delhi to lift new customs rules

Bangladesh has requested India to withdraw its new customs rules which, officials fear, may make it difficult for the former to get tariff preferences.Dhaka made the request to New Delhi after thorough examination of the new customs rules and consultation with the stakeholders last week."We have asked for withdrawal of...

Telecom cos seek tax cut to make internet access affordable

Chief executive officers (CEOs) of the country's telecom operator companies have urged the government to cut corporate income tax so that the industry can provide internet access to common people at an affordable rate.They argued that there is a clear digital divide which is a barrier to transform the country...

'Rohingya shifting to ease BD’s burden'

As the government is preparing to relocate Rohingya refugees from Cox's Bazar to Bhasanchar Island on December 5, experts said their quick relocation is crucial to alleviate socio-economic burden on the country.Over the months, crimes like human and drug trafficking, killing and arson etc have become common phenomenon in the...

Bapex adds 20mmcfd gas to grid next week

State-run Bapex has successfully done workover of onshore Srikail-4 gas well and initiated on test basis the gas flow at around 20 mmcfd, which is about three-folds of its previous production.Bangladesh Petroleum Exploration and Production Company Ltd, or Bapex, is planning to supply the new gas to the national grid...