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

State lenders to give Tk 7.15b lifeline

Four state-owned commercial banks (SoCB) and a financial institution will inject Tk 7.15 billion as equity into the troubled Farmers Bank Limited in an attempt to salvage it.Managing directors and chief executive officers of the Sonali, Janata, Agrani and Rupali banks and Investment Corporation of Bangladesh (ICB) discussed the issue...

Govt to bring uniformity in VAT rates in some sectors

The government would bring uniformity in Value Added Tax (VAT) rates in some sectors in the upcoming budget for the fiscal year 2018-19, said the revenue board chief on Thursday."We would not go beyond the VAT law-1991, but bring uniformity in VAT rates in some sectors," said Md Mosharraf Hossain...

Govt okays $2.67b Chinese hard loan

The construction work of Padma Bridge railway link is going to start this year, as the government approved US$ 2.67 billion Chinese hard loan for the project on Thursday, officials said.Economic Relations Division (ERD) officials said the non-concessional loan committee, headed by Finance Minister A M A Muhith, approved the...

City dwellers unlikely to get rid of waterlogging during next monsoon

City dwellers are unlikely to get rid of waterlogging problem during the upcoming monsoon mainly due to non-completion of various development works and lack of coordination among agencies in dealing with the issue, urban experts have warned.According to them, inadequate drainage system, poor maintenance of the canals and filling up...

Myanmar agrees to pick UNHCR for Rohingya repatriation

In a breakthrough, Myanmar has finally agreed to engage the United Nations High Commissioner for Refugees to help repatriate the Rohingyas.State minister for foreign affairs Shahriar Alam disclosed this Thursday. Quoting the UNHCR officials, he said that Myanmar has recently contacted the UNHCR seeking a meeting with them to discuss...

A child beggar

A child beggar on the Dhaka University campus on Thursday sitting with his sister on his lap — both asleep — lest she goes missing — FE photo by Shafiqul Alam

News Watch (30-03-2018)

Washington mayor declares March 26 as Bangladesh DayThe Mayor of Washington DC has declared Bangladesh's Independence and National Day as the 'Bangladesh Day', according to a press release of Bangladesh Embassy in Washington DC received in Dhaka on Thursday. A representative of Mayor Muriel Bowser formally conveyed the decision to...