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

Source-tax on bank deposits up 16.18pc in FY 2019

The collection of tax at source from bank depositors posted a gain in fiscal year (FY) 2018-19, showing 16.18-per cent growth over that of the corresponding period in FY '18.This rise in the source-tax collection is attributable to an increase in the number of bank depositors and the rate of...

Maintain peace for economic development, PM tells police

Prime Minister Sheikh Hasina expressed the hope that the police would continue their sincere efforts to maintain peace and discipline in the country which is essential for economic development, report agencies."For economic development, maintaining peace and discipline is very much essential, and this responsibility very naturally goes to the police...

Five die of dengue, 541 more fall ill

Five people, including two women, died of dengue on Wednesday in Jashore, Khulna, Barishal and Dhaka.However, the number of new patients showed a declining trend as 541 people were hospitalised across the country on the day.In Jashore, two women lost the battle with the mosquito-borne disease on Wednesday morning.The deceased...

Dhaka stocks sink to 32-month low

Stocks suffered a big jolt on Wednesday as the core index, DSEX, of the Dhaka Stock Exchange (DSE) slumped to a 32-month low.The free-fall in share prices sent jittery investors to dump their holdings with an eye to preventing further losses.DSEX eroded 75.78 points or 1.51 per cent to settle...

Local insurers to cover public sector imports

Finance Minister A H M Mustafa Kamal said from now on, insurance policy premium will not go outside the country, as local insurers will deal with all public sector policies."Presently, the local insurance companies have the capacity to cover all risks. So, there is no justification to send premium overseas...

News Watch (12-09-2019)

5.0pc tax on savings certificate worth Tk 0.5 millionThe government has taken a decision to cut 5.0 per cent tax on the interest earnings from investment of up to Tk 0.5 million in savings certificates. As per the gazette of the Internal Resource Division under the Finance Ministry, Bangladesh Bank...