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

Progress belies expectations

Due to the bureaucratic tangles, over two dozen China-funded projects are not progressing at a satisfactory pace.So far, the disbursement has been made against only two projects.The projects include the construction of a tunnel under the Karanafuli River worth US$705.80 million and the development of ICT network (Phase -2) worth...

PM vows to continue anti-drug crackdown

Prime Minister Sheikh Hasina on Wednesday said steps will be taken if any innocent person falls victim to the ongoing drive against narcotics, report agencies."We'll surely take steps if any innocent person falls victim to the drive," she told a press conference at her official residence Ganobhaban Wednesday afternoon.The press...

Package VAT collection below potential

The collection of package Value Added Tax (VAT) from small businesses has recorded a decline during the past three fiscal years, the officials said.They said most of the small businesses under the package VAT are not paying their dues to the public exchequer.The government had doubled the package VAT rate...

Fire at power sub-station in city

A fire broke out at a power sub-station in the city's Paribagh area on Wednesday night. Sources at the Fire Service and Civil Defence control room said the fire originated at a grid transformer of the sub-station around 8:20 pm.On information, seven fire fighting units rushed to the spot. The...

14 more die in ‘gunfights’

At least 14 more people have died overnight in security forces' anti-drug campaign, report agenciesOf them, three were killed in Dhaka city while one each in Cox's Bazar, Chattogram, Cumilla, Narail, Sirajganj and Chuadanga districts on Tuesday night and early Wednesday.Besides, reported gun battles among rival groups left two 'drug...

US wants rights to be respected

The United States laid emphasis on catching "kingpins" and finding the sources of illegal drugs and bringing responsible persons to justice respecting human rights, reports UNB.The country also expressed concern over the growing number of people dying in crackdown on drug dealers. "I ask always human rights are respected and...

News Watch (31-5-2018)

Minimum Fitra Tk 70 Fitra has been fixed at a minimum of Tk 70 per person this year. Islamic Foundation fixed the amount at a meeting on Wednesday. The maximum rate of Fitra has been set at Tk 2,310 per person this year taking into account the market prices of...