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

Reduction in number of VAT rates likely

The government is likely to reduce the existing nine different rates of Value Added Tax (VAT) to six in the budget for fiscal year (FY) 2018-19. It may also revise the existing rate of Advance Trade VAT (ATV) upward by one percentage point to 5.0 per cent. All imports are...

Most ‘fast-track’ power projects miss schedule

The government's decision to allow installation of 10 oil-fired power plants under 'fast-track' programme has failed to achieve the desired objectives.The Power Division under the Ministry of Power, Energy and Mineral Resources (MPEMR) in August last year approved setting up of five diesel-fired power plants and five furnace-oil fired power...

Universal pension system for pvt sector under study

A universal pension system for the private sector is now under study at the ministry of finance (MoF), according to official sources.If introduced, a private individual will be entitled to certain amount of money as pension every month under the system that will be contributory in nature.However, the pension amount...

Country’s NFA rises 3.51pc in March

The latest statistics of the Bangladesh Bank (BB) shows that the country's Net Foreign Assets (NFA) registered a 3.51 per cent growth in March. The NFA used to expand at double-digit rates even two years back. According to economists, the fall in the NFA growth is mainly due to the...

117 ‘drug traders’ die in ‘gunfights’ so far

A total of 117 suspected drug traders were killed in 'gunfights' across the country since May 12.Twelve more were killed early Tuesday amid anti-narcotic drives of law enforcers across the country, according to UNB reports.Identities of the drug dealers killed in the gunfights are as follows:Cumilla -- Liton alias Kana...

Gunman kills a civilian, two police officers in Belgium

A man has shot dead two female police officers and a civilian in the eastern Belgian city of Liège, reports BBC.The gunman also took a female cleaner hostage at a school before being killed by police. Two other police officers were also injured.The man's motive is not yet clear but...

News Watch (30-5-2018)

PM holds press confce on India visit todayPrime Minister Sheikh Hasina will address a press conference today (Wednesday) to brief journalists about the outcomes of her just-concluded visit to Kolkata, India. The press conference will be held at her official residence Ganobhaban at 4:00pm, PM's Press Secretary Ihsanul Karim said....