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

BGMEA seeks fresh stimulus as second wave of Covid bites

Apparel exporters on Monday demanded five years to repay the loans disbursed by the government under the stimulus package to help the sector offset the fallout of the pandemic.The Bangladesh Garment Manufacturers and Exporters Association (BGMEA) also pushed for a new stimulus package to pay workers' wages as the second...

Non-essential costs make up half

The Roads and Highways Department (RHD) has proposed Tk 848.62 million funds for consultancy services to construct a 320-metre steel arch bridge over the Brahmaputra River in Mymensingh, officials said on Monday.Besides, the state road developer has also proposed purchasing 13 vehicles, including six of luxury category, and pickups for...

NBR scraps tax rebate on Petrobangla's LNG import

The National Board of Revenue (NBR) has scrapped tax rebate facility on import of liquefied natural gas (LNG) by the Petrobangla.The NBR's VAT Policy Wing issued a directive on Monday, explaining the reasons behind withdrawing the facility.The board said the VAT law does not permit the Petrobangla to enjoy VAT...

2,198 new cases, 36 fatalities in pandemic

The Covid-19 infection rate hit a fresh high of 15.30 per cent in Bangladesh with 2,198 more people infected during the past 24-hour reporting time on Monday.The death tally increased further to 36 on the day from Sunday's 31, according to a press release of the Directorate General of Health...

Another pvt bank gets go-ahead

Bangladesh Bank (BB) on Monday gave its seal of approval to Citizen Bank Limited, asking the lender to boost paid-up capital to Tk 5.0 billion within two years.The board of directors of the central bank took the decision at a meeting held at its headquarters, with BB governor Fazle Kabir...

Maksons to set up three tex units at Misarai at $112m

Maksons Group, a local textile giant, plans to spend an estimated $112 million in setting up three new textile units at the Bangabandhu Sheikh Mujib Shilpa Nagar at Mirsarai under Chattogram.The export-oriented industries-Metro Spinning Ltd, Maksons Spinning Mills Ltd and Maksons Spinning Mills Ltd Unit 02-will be set up in...

Ivermectin effective against Covid-19?

Researchers in a clinical trial have found that a five-day course of Ivermectin, an anti-parasitic drug, can shorten hospitalisation time of Covid-19 cases with mild symptoms.The drug significantly cuts virus load on cases who did not take any other drugs in the early stage of symptoms for the disease, clinically...

Vehicles crossing the Mogbazar-Mouchak Flyover

Vehicles crossing the Mogbazar-Mouchak Flyover amid dense fog that blanketed the capital on Monday morning — Photo: KAZ Sumon