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

Many cos facing acute capital crunch

A candid admission comes from the finance minister that many well-established companies are facing acute capital shortages, in a crunch he attributes to lack of "fair competition" and governance gaps."Many big companies and banks are in serious capital shortage," Finance and Planning Minister Amir Khosru Mahmud Chowdhury said Wednesday while...

NBR plans 35pc tax on income above Tk 15m

Individuals with annual income above Tk 15 million may have to pay income tax at the rate of 35 per cent from the upcoming fiscal year.Currently, individual taxpayers with annual income above Tk 3.85 million are subject to a 30 per cent tax rate.Officials at the revenue board say the...

UNICEF warned interim govt repeatedly of measles vax shortage

The United Nations Children's Fund (UNICEF) had repeatedly warned the interim government about a looming shortage of measles vaccines, sending multiple letters and issuing oral alerts over the past year, according to the agency's country representative.UNICEF Representative to Bangladesh Rana Flowers said on Wednesday that the agency wrote five to...

Higher productive credit flow envisaged for job generation

Next monetary policy of Bangladesh is going to be a bit bounteous with greater credit flows into productive sectors for much-needed job generation while exchange-rate regulation remains an inflation-combat tool. Such a preview is obtained by The Financial Express as the central bank gets down to preparing the upcoming monetary...

BPDB bent on hiking power price by 21pc

Bangladesh Power Development Board (BPDB) is bent on increasing bulk electricity tariffs by up to 21 per cent to relieve the government exchequer of subsidy burdens.Proposing the hike during a public hearing held at the KIB Auditorium in Dhaka on Wednesday, BPDB chairman Md Rezaul Karim said, "If the tariffs...

UN, partners seek $710m for Rohingya upkeep

The United Nations and its humanitarian partners have appealed for US$710 million in international assistance for next one year to sustain emergency support for Rohingya refugees in Bangladesh, warning that deepening global crises and shrinking aid budgets are threatening vital services for one of the world's largest displaced populations.Launching the...

When AI camera fear makes most vehicles traffic rules compliant at city road crossings, battery rickshaws

When AI camera fear makes most vehicles traffic rules compliant at city road crossings, battery rickshaws continue to be defiant, for the latter know they don’t have any detectable number plates. The photo was taken in the Secretariat area on Wednesday. — FE Photo by Shafiqul Alam

Putin, Xi hail growing energy trade, strategic ties

BEIJING, May 20 (AP): Chinese leader Xi Jinping and Russian President Vladimir Putin hailed their strategic ties and growing energy trade as they met in Beijing Wednesday only days after a visit by U.S. President Donald Trump to China.Putin and Xi oversaw the signing of more than 40 cooperation agreements...