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

How open is B'desh economy?

The Bangladesh economy's degree of openness has seen a mixed trend in the last 10 years as economic expansion outstripped foreign trade rise.Bangladesh's trade-GDP ratio reached 46.30 per cent during fiscal year 2012-13 rising from 37.8 per cent in FY '10. But such a ratio has fluctuated during the next...

ICB Unit Fund likely to be opened for all

The Investment Corporation of Bangladesh (ICB) has moved to resume full operation of the country's largest-ever unit fund - ICB Unit Fund - by opening the scope of purchasing its units for all investors.The state-run corporation has taken the initiative as part of its market supportive measures, and for ensuring...

Half of population live in 'kutcha' houses

More than half the country's total population live in 'kutcha' houses, a Bangladesh Bureau of Statistics (BBS) survey has found.The first ever study titled "Survey on Occupied Residential Houses and Real Estate Services 2018,' was released on Monday at a launching ceremony held at the BBS auditorium, chaired by its...

Bank accounts of Shamim, Khaled, relatives frozen

Amid the ongoing casino crackdown, Bangladesh Bank (BB) and the national revenue board have asked banks and financial institutions (FIs) to freeze bank accounts of Golam Kibria Shamim and Khaled Mahmud Bhuiyan and their close relatives, officials confirmed.Golam Kibria Shamim and Khaled Mahmud Bhuiyan were arrested few days back in...

Explosives found in N'ganj 'militant den', two held

NARAYANGANJ, Sept 23 (UNB): Monirul Islam, the chief of Counter Terrorism and Transnational Crime (CTTC) unit of Dhaka Metropolitan Police (DMP), has said explosives recovered from the 'militant den' in the Tokkar Maath area of Fatullah resembled those used during recent attacks in the city.Besides, university teacher Fariduddin Rumi and...

Facebook to open local office, pay taxes

Facebook, a popular social media site, agreed to open an office and appoint local representatives in Dhaka to pay taxes on its earnings from advertisements in the country, telecom ministry said on Monday. The global tech giant has also agreed to share 'information' on demand from the law enforcement agencies,...