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

Bangladesh economic growth may slow to 6.9pc this fiscal

Bangladesh economy may grow at a slower pace of 6.9 per cent this fiscal year after a record growth of 7.28 per cent in the last fiscal, a global financial giant forecasts. The latest reckoning on the state of economy of the country came from Standard Chartered -- after prospective...

Most multinationals dodge TP law, deprive govt of due taxes

Around 85 per cent of the foreign companies operating in Bangladesh and executing international transactions hardly share their incomes with the host nation, thus allegedly contributing vastly to capital flight.According to an investigation, most of those companies operating in their branch, liaison and representation offices in Bangladesh are not submitting...

WB insists on BD receiving its aid

The World Bank wants Bangladesh to receive an assistance it is offering for rehabilitation of Rohingyas, amid lukewarm response from the authorities concerned due to the mixed nature of the aid.WB President Jim Yong Kim wrote to Prime Minister Sheikh Hasina early this month, requesting her to accept the assistance...

ACC summons nine AB Bank high-ups

The Anti-Corruption Commission (ACC) has issued fresh notice to nine current and former officials of AB Bank Limited to appear before its probe team at ACC headquarters for interrogation over their alleged involvement in money laundering (ML) to Singapore.Former AB Bank chairman M Wahidul Haque and former managing director M...

US cuts funding to UN by $285m

The US has announced a quarter billion dollar cut to the annual budget of the United Nations (UN), reports CNN on Wednesday.The largest contributor to the UN negotiated a $285 million reduction for the 2018-19 budget compared to 2016-17."We will no longer let the generosity of the American people be...

Two BAF aircraft collide midair, crash in Cox's Bazar

Two training aircraft of Bangladesh Air Force (BAF) crashed in Maheshkhali upazila of Cox's Bazar on Wednesday evening following a midair collision, reports UNB. Assistant Director of Inter Service Public Relations Rezaul Karim said two Yak-130 type BAF training aircraft collided in midair around 6:30 pm. "The two aircraft slammed...

News Watch (287-12-2017)

Don't use virtual coins: BBBangladesh Bank (BB) has requested all to abstain from online-based virtual currency or crypto-currency, like bitcoin, ethereum, ripple and litecoin as there is no legal framework for the currencies in any country across the world. "Virtual currency is not legal in any country. So no one...

Prayer Timings-28-12-2017

Buyers make their choice

Buyers make their choice of used, 'stolen and hijacked' cell-phones and other gadgets at a makeshift shop on a footpath at Gulistan in the capital on Wednesday. — FE Photo by Shafiqul Alam

Teachers of non-MPO institutions organise a sit-in

Teachers of non-MPO (monthly payment order) institutions organise a sit-in in front of National Press Club in the capital on Wednesday, demanding MPO facility for all approved educational institutions. — FE Photo