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

Biden wins White House

WASHINGTON, Nov 7 (AFP): Democrat Joe Biden has won the White House, US media said Saturday, defeating Donald Trump and ending a presidency that convulsed American politics, shocked the world and left the United States more divided than at any time in decades.CNN, NBC News and CBS News called the...

Netflix chafes at VAT regime

Value Added tax (VAT) regime in Bangladesh has no route for the foreign companies without physical presence, causing difficulties for such firms to comply with the law, a global streaming giant has said.The US-based streaming site Netflix sees some practical challenges in the current VAT law, which is preventing service...

Finding it difficult to breathe in the seriously-polluted air, passengers and a rickshawpuller cover their faces as

Finding it difficult to breathe in the seriously-polluted air, passengers and a rickshawpuller cover their faces as a curtain of dust cuts visibility in Kadamtali area of Dhaka’s Keraniganj on Saturday — FE photo by KAZ Sumon

13 more die as 1289 positive

Bangladesh reported 13 more fatalities and 1289 new cases in the 24-hour period ending at 8:00 am on Saturday.With these the total number of deaths and new cases reached 6,049 and 4,18,764 respectively since March, the Directorate General of Health Services (DGHS) said in a statement.According to it, 11,419 tests...

Govt seeks AIIB support for Covid vaccine

Bangladesh has recently sought financial support from the Asian Infrastructure Investment Bank (AIIB) for procuring coronavirus vaccine soon after it is developed, officials said on Saturday.The government has estimated as much as US$1.5 billion funds will be required for purchasing the COVID-19 vaccine to immunise nearly 170 million population.Meanwhile, the...

SMEs in need of 2nd stimulus

Businessmen and academicians on Saturday said the local small and medium enterprises (SMEs), battered by the Covid pandemic, deserved increased official support. They felt that the government should introduce a second stimulus package for the most-affected sectors, including the SMEs.Financial assistance to SMEs is a matter of sustainability which is...

Briefing 08-11-2020

Rise in profits of’ listed banksMost of the listed banks witnessed rise in EPS (earnings per share) for July-September, 2020 compared to same period of the previous year. Officials said the banks' EPS rose following the central bank's policy support provided for not classifying any loans till December to cope...