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

BERC panel to review proposal

A seven-member technical committee will review proposed gas-tariff hike to the height of LNG-import cost for new industries and expansions of the existing ones.Bangladesh Energy Regulatory Commission (BERC) has constituted the panel for vetting the Petrobangla proposal that implies that these industrial subscribers would have to pay nearly double the...

Khaleda admitted to London Clinic

BNP Chairperson Khaleda Zia was admitted to The London Clinic in the United Kingdom on Wednesday for advanced treatment.She was admitted around 5pm (Bangladesh time) after completing the necessary procedures, said a member of her personal medical team, Dr Al Mamun, reports UNB.Dr Mamun, who accompanied Khaleda along with five...

Khanpur ICD project denied govt consent

A time-overrun inland container depot (ICD) project, located at Khanpur in Narayanganj, was Wednesday denied consent by the interim government for its alleged timely execution failure and faulty project proposal.Sources said Shipping Ministry sought the go-ahead for the revised ongoing BIWTA project on internal container and bulk terminal at Khanpur...

Govt borrows Tk 690b from banks in H1 for deficit financing

Government borrowings from scheduled banks swelled over Tk 690 billion in the first half (H1) of this fiscal for deficit financing but its net debt dropped to over Tk 146 billion after repayment.The ministry of finance borrowed Tk 690.54 billion from all the scheduled banks through issuing treasury bills and...

Corporate tax rate to double from next fiscal year

Local manufacturers of motorcycles, refrigerators and air conditioners will have to face double taxation on their income from the next fiscal year as per a Statutory Regulatory Order (SRO) issued by the income tax wing under the National Board of Revenue (NBR).It will be 20 per cent instead of the...

India extends Hasina's visa amid BD's extradition demand

India has extended the visa of Sheikh Hasina, the deposed Prime Minister of Bangladesh, amid mounting calls from Dhaka for her extradition, reports UNB.Hasina, 77, has been residing in India since fleeing her country in August last year, following widespread protests that culminated in her resignation.The Hindustan Times, a major...