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

BSEC removes 17 more directors

The securities regulator on Sunday declared the posts of 17 directors of nine separate listed companies vacant as they failed to hold the mandatory minimum of 2.0 per cent shares each despite getting time.The Bangladesh Securities and Exchange Commission (BSEC) issued an order on Sunday cancelling their directorships.The majority of...

Target to double tax-GDP ratio

The government has taken an ambitious target to raise the revenue-GDP (Gross Domestic Product) ratio to 24.1 per cent as it aims to achieve the developed nation status by 2041, officials said on Saturday.The rapid pickup will be needed to keep the revenue-GDP ratio at an average 18.50 per cent...

Weak banks need merger: PM

Expressing apprehension that the Covid-19 situation may worsen during the upcoming winter, Prime Minister Sheikh Hasina on Sunday asked everyone to bolster preparation to fight the pandemic in wintertime, report agencies."Winter is coming up. The situation may deteriorate to some extent. But we've to take preparation from right now," she...

BB extends deadline until December 30

The central bank has extended the deadline for disbursement of Tk. 50 billion special stimulus package for the Covid-19 pandemic hit agricultural sector to December 31 next. The original deadline was set to expire on September 30.The stimulus package was announced by the central bank under a very soft refinancing...

Govt lifts import duty on onion

Amid widespread uproar over the sudden increase in onion prices, the government on Sunday lifted import duty on one of the key kitchen items to help rein in its price spiral. The duty exemption will remain effective until March next.A press release issued by the ministry of finance (MoF) said...

NBR set to launch VAT e-payment next month

The National Board of Revenue (NBR) is set to introduce a VAT payment system next month that would allow the taxpayers to use their debit and credit cards of 27 commercial banks. The VAT Online Project (VOP) would introduce the e-payment system for the first time to make the VAT...

Week’s data indicate pandemic downtrend

Downward trend in major indicators of Covid-19 pandemic continued in the country, as the number of tests, infections, recoveries and deaths showed a sharp decline last week that ended on September 19.According to the Directorate General of Health Services (DGHS), the number of tests, infections, recoveries and fatalities dropped by...

Apparel makers seek more time to repay pandemic loans

Despite an uptick in exports, garment factory owners have asked for more time to repay the loans disbursed by the government under a stimulus package to help the key sector offset the economic fallout from the global coronavirus pandemic, reports bdnews24.com.The owners took out loans of Tk 105 billion at...

Migrant workers seeking to go back

Migrant workers seeking to go back to the job destination countries gather outside the Saudi Arabian Airlines office at Sonargaon Hotel in the city on Sunday to confirm their air tickets — FE photo by Shafiqul Alam