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

Banks' Tk 1.70t gets stuck in default cases

A hefty amount of over Tk 1.70 trillion of different banks remained stuck in 0.127 million money suits while a good number of them are facing liquidity crunch, sources said. Officials said the banks are fighting a losing legal battle in the cases long pending with different courts, including Artha...

CPA starts realising 15pc VAT on all port-service tariffs

The Chittagong Port Authority (CPA) has started realising 15 per cent VAT on tariffs of all 60 types of services it provides to port-users, with consent from the shipping ministry, officials said.In the past, the VAT (value-added tax) had been levied on tariffs for 25 types of port-related services.The new...

BD institutions weak to weather unanticipated economic shocks

An international survey finds Bangladesh's institutional quality and business environment deficient in weathering potential economic shocks while assessing 25 frontier markets' potential vulnerabilities for the year 2018. While identifying the areas of weakness in Bangladesh, one of the frontier nations, the Washington-based Institute of International Finance (IIF) found Bangladesh neither...

BD hands over list of 8,032 Rohingyas for repatriation

Myanmar revealed on Friday a three-stage plan for return and rehabilitation of its minority Rohingyas who fled their home amid what UN called "ethnic cleansing" as Naypyidaw sent a high level delegation for talks with Bangladesh officials in Dhaka, report agencies."Myanmar said they planned a three-stage process - taking them...

TIB airs concern over 'illegal' intervention

Transparency International Bangladesh (TIB) has expressed concern over 'illegal' intervention in the selection process of a strategic partner of the Dhaka Stock Exchange (DSE).In a statement on Friday, TIB voiced concern following media reports on 'illegal' influence by an Indian bidder and subsequent move by the regulatory body to select...

Country's digital infrastructure boasts tier-4 data centre

Bangladesh's digital capability is taking a boost powered by a latest data centre, with a US institute endorsing its design and a Chinese bank bankrolling the scheme. The new National Data Centre, said to be one of the first 'Uptime certified' Tier-4 Data Centre in the world, is set to...

Govt creating 'smokescreen' over verdict copy: BNP

BNP Secretary General Mirza Fakhrul Islam Alamgiron alleged on Friday that the government was creating a 'smokescreen' over providing the certified copy of the lower court verdict against their chairperson Khaleda Zia in the Zia Orphanage Trust graft case, reports UNB.He came up with the remark while talking to reporters...

Public buses pick and drop passengers outside stoppages

Public buses pick and drop passengers outside stoppages, even in the middle of the busy roads across the capital, ignoring risks. The photo was taken from the New Airport Road on Friday. — FE Photo by Shafiqul Alam

News Watch (17-02-2018)

PM returns home today Prime Minister Sheikh Hasina, who reached Abu Dhabi on Thursday morning from Rome concluding her four-day official visit to Italy and Vatican City, returns home this evening (Saturday) after a stopover in the United Arab Emirates (UAE) capital. "An Etihad Airways flight carrying the premier and...