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

Petrobangla to pass on high cost of LNG to consumers

State-run Petrobangla would propose to raise natural gas tariff next week, aimed at passing a portion of the imported LNG cost on to the consumers."We're working on it with a target of submitting the proposal to the energy regulator by the first week of March," Petrobangla chairman Abul Mansur Md...

Graft major challenge for cos to do business in Bangladesh

Terming Bangladesh a potential market for American companies, US Ambassador to Bangladesh Marcia Bernicat said Tuesday corruption still remained a major challenge for companies to do business here.She stressed the need for effective measures to improve the business climate and said the improvement will not only help attract increased volume...

FBCCI rejects latest VAT rule amendment

The apex chamber rejected government-proposed amendments to the existing VAT rules to resolve a standoff as it terms the draft a copycat of the ditched VAT and SD Act 2012.The Federation of Bangladesh Chambers of Commerce and Industry (FBCCI), in a recent letter to the National Board of Revenue (NBR),...

BSEC seeks clarification from DSE on some issues

The securities regulator sought clarification from the Dhaka Stock Exchange (DSE) Tuesday on some clauses of the Chinese consortium's proposal, submitted to the premier bourse to be its strategic partner.The DSE will have to give reply to the Bangladesh Securities and Exchange Commission's (BSEC) letter by March 4.On Thursday last,...

Visitors throng the 'Ekushey Boimela'

Visitors throng the 'Ekushey Boimela' at Suhrawardy Udyan in the capital on Tuesday before the curtain is drawn on the month-long book fair today. — Focus Bangla

Further depreciation of BDT likely if trade deficit widens

The ministry of finance (MoF) foresees the necessity of depreciating taka further if Bangladesh's external financial imbalance intensifies in the second half of this fiscal year, officials said. Taka depreciated by 5.0 per cent against greenback in 2017.The worries crop up as the ministry of finance (MoF) marks several macroeconomic...

Closed-door meet discusses burning economic issues

A high-profile meeting behind closed doors at the ministry of finance (MoF) Tuesday discussed some burning issues, incidentally amid some major developments on financial front. Finance Minister AMA Muhith presided over the meeting, the proceedings of which remained cloaked as there was no official briefing.None of the attendees, contacted by...

News Watch (28-02-2018)

PM to open 47 dev projects during Khulna visitKHULNA, Feb 27: Prime Minister Sheikh Hasina will inaugurate 47 development projects and lay the foundation stones of 52 projects in the city and district during her visit here on Saturday. The premier will attend the convention of Engineering Institute of Bangladesh...

Prayer Timings-(28-02-2018)

Post Office Road at Middle Badda

The Post Office Road at Middle Badda in the capital has turned into a death trap as the upper slabs have caved in at many points across the busy road as is seen in the picture on Tuesday. — FE Photo by KAZ Sumon