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

Growth of currency outside banks triggers concern

The volume of currency outside the banking system has grown significantly in recent months ahead of the national elections, raising suspicion about the use of such money.The currency outside the banking system rose by 14.06 per cent or Tk 156.41 billion to Tk 1268.83 billion until November last calendar year...

Nobel laureates demand trial of Myanmar govt at ICC for genocide

Three female Nobel Peace laureates have called for immediate action against Myanmar and its army for a "clear genocide" on the Rohingya community, reports bdnews24.com.They talked to reporters after visiting the Rohingya refugee camps in Cox's Bazar. They also met Cox's Bazar Refugee Relief and Repatriation Commission Commissioner Mohammad Abul...

Muhith sceptical of Chinese consortium's 'capability'

Muhith doubts the bid-winning Chinese consortium's capacity to help the capital-market development hot on the heels of a tussle between the country's prime bourse and the regulator over choosing a strategic partner."I am sceptical about Chinese capability," the finance minister, AMA Muhith, wrote in his comment on a letter forwarded...

DSE staunchly defends its selection

Dhaka Stock Exchange (DSE) management sticks to their decision to select a Chinese consortium as the bourse's strategic partner, saying they didn't "compromise on competence"."Selection of strategic partner is not only an issue for the DSE but also for greater interest of the nation. So, we did not spare any...

‘Four SoBs facing Tk 76b capital deficit’

Four state-owned banks (SoBs) -- Sonali Bank, Rupali Bank, Janata Bank and Basic Bank- are facing a capital deficit of Tk 76.26 billion (7626.23 crore), Finance Minister AMA Muhith told Parliament on Monday, reports UNB.Among the 57 banks in the country, the four state-owned banks and three private banks face...

NBR orders all Robi bank accounts frozen for tax-dodging

Government's revenue authority enforced Monday a freeze on all bank accounts of telecom-operator Robi Axiata Limited for alleged tax-dodging. The National Board of Revenue (NBR) claims Tk 187 million in unpaid value-added tax (VAT) and supplementary duty (SD), officials said.Large Taxpayers Unit (LTU) under the VAT wing of the NBR...

Graft main barrier to good governance

Anti-Corruption Commission (ACC) chairman Iqbal Mahmood at a programme on Monday identified corruption as the root cause for lack of good governance in the country. "Undoubtedly, there is lack of good governance in the country and corruption is the main impediment to (ensure) good governance," he said.He also said collective...

News Watch (27-02-2018)

Parliament passes BRDB Bill Parliament on Monday passed the Bangladesh Rural Development Board Bill 2017 aimed at making the existing law more time-befitting one. Under the proposed law, a board will be constituted with the LGRD Minister as its Chairman and Secretary of the Ministry as its Vice-Chairman. The DGs...