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

Economy 'narrow', dominated by RMG, remittances: ADB

The Asian Development Bank (ADB) has said Bangladesh's growth-induced poverty reduction would not be sustained unless it ramps up investment and diversify the economy.But the financial sector's inefficiencies and other constraints hamper the investments needed to maintain the growth momentum, the bank's Independent Evaluation Division (IED) said." … sustaining higher...

With some rickshaw repair tools close by, a woman sits idle on a footpath at Basabo in the city

With some rickshaw repair tools close by, a woman sits idle on a footpath at Basabo in the city on Saturday, waiting for customers, which reflects how the coronavirus pandemic has devastated the livelihoods of low-income people — FE photo by Shafiqul Alam

VAT online project hiccups

Most of the large companies that contribute higher revenues are still submitting VAT returns manually -- more than a year after the new law came into force.Less than 50 per cent big companies have submitted their VAT returns online, according to data of the Large Taxpayers Unit (LTU) under the...

Old transport fares from Sept 1, says Quader

Public transports will readjust ticket prices to pre-pandemic rates from Sep 1, Road Transport Minister Obaidul Quader has said, reports bdnews24.com.Quader announced the decision during a videoconference with the officials of Dhaka zone from his government residence on Saturday.However, there will be conditions applicable for the readjustment. The ministry would...

Covid deaths exceed 4,000

Thirty-two more patients died of coronavirus infections in the last 24 hours ending on Saturday, official figures say.With the latest fatalities, a total of 4,206 have so far lost their lives to the deadly virus that has already spread all over the country, according to the state-controlled Directorate General of...

Restructuring of ICB underway

The securities regulator will submit a report by December as part of the government move to restructure the state-run Investment Corporation of Bangladesh (ICB) and its subsidiaries.To this effect, the Bangladesh Securities and Exchange Commission (BSEC) has already invited tenders to pick a qualified consulting firm with intent to assess...

Briefing 30-08-2020

UCB’s MFS company launch by Dec Bangladesh's mobile financial service (MFS) sector is likely to get a big boost with the new foothold of an old market player to serve potential customers independently in paperless banking, company sources said. The United Commercial Bank Limited's (UCB) MFS wallets - U-Cash and...

Holy Ashura today 30-08-2020

The holy Ashura, commemorating the martyrdom of Hazrat Imam Hossain Ibn Ali (RA), a grandson of Prophet Hazrat Muhammad (Peace Be Upon Him), will be observed across the country today with due respect and religious solemnity, reports BSS.Today is the 10th day of the month of Muharram in the Hijri...