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

Bankers want it to be a judgemental call

Country's top bankers Sunday proposed amending the existing loan write-off policy so that they could rid themselves of bad loans that, according to them, were not recoverable, officials said.Under the proposal, the bankers will be empowered to write off the bad loans overlooking the existing time-bar.Chief executive officers (CEOs) and...

Small investors anxiously looking

The key index of Dhaka Stock Exchange lost 97 points on Sunday in what was the biggest single-day fall in 17 months.The DSEX shed 96.95 points or 1.88 per cent to settle at 5,033 as sales pressure mounted.It has been the steepest single-day slide since February 18, 2018 when the...

Deluge claims 64 lives in 11 days

Sixty-four people died in the past eleven days because of floods nationwide and thousands are at risk amid a dearth of food and water, official sources said.Floodwaters in the north continued to recede on Sunday, but the rivers in the central region are rising further.Even if rivers are receding, the...

VAT listing a must for 174 businesses

The National Board of Revenue (NBR) has made VAT registration mandatory for businesses of some 174 categories, irrespective of their annual business turnover as specified in the VAT and Supplementary Duty Act 2012.The VAT Policy Wing issued a guideline on Sunday, making VAT registration and payment mandatory for businesses of...

Chinese firm building single mooring at Bay

The newly-established China Petroleum Pipeline Engineering Co. Ltd (CPP) is currently building the country's lone SPM system instead of the China Petroleum Pipeline Bureau (CPPB).The CPP was established in 2017 following the restructuring of its predecessor, CPPB, said a senior official of state-run Bangladesh Petroleum Corporation (BPC).He said the CPP...

PM for no hasty action against Priya Saha: Quader

Road Transport and Bridges Minister Obaidul Quader said on Sunday he has been instructed by Prime Minister Sheikh Hasina not to take any hasty steps against Priya Saha for her remarks during a meeting with US President Donald Trump, report agencies."The Prime Minister sent me a message yesterday. It said...

News Watch (22-07-2019)

JS body asks Biman to inform it about any major purchaseThe Parliamentary Standing Committee on the Ministry of Civil Aviation and Tourism asked on Sunday the Biman Bangladesh to inform the parliamentary watchdog about making major purchase or purchase related deal. The committee came up with the call at its...