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

Starlink gets licences to offer internet services

Telecommunications regulator BTRC on Tuesday granted Starlink two separate licences to operate satellite internet services in the country for a period of ten years."We have issued the licences after receiving approval from the chief adviser and upon Starlink's payment of the required fees," said BTRC Chairman Md Emdad ul Bari.One...

BD won't take loan accepting all conditions: Salehuddin

Bangladesh will not borrow from the International Monetary Fund by accepting umpteen conditions binding loans, Finance Adviser Dr Salehuddin Ahmed said Tuesday, adding that the country is no longer IMF-World Bank-dependent."If IMF doesn't agree to pay the budget-support credit, we will prepare budget on our own," he told reporters after...

US brands show less interest in BD, Vietnam

US brands and retailers are diversifying their sourcing from China to other Asian suppliers, but traditional alternatives like Bangladesh and Vietnam had not seen increased interest during the first quarter of this year.Despite tariff pressure, they are yet to significantly cut their China sourcing, according to a latest report of...

'Humanitarian corridor' not discussed

The government held no discussion on the Rakhine-corridor issue with anybody, said a government spokesman on Tuesday."We want to make it categorically clear that the government has not discussed the so-called "humanitarian corridor" with the UN or any other entity. Our position is that should there be a UN-led humanitarian...

Parliament to be sole tax exemption granting authority

The finance adviser has directed the formulation of a comprehensive tax- exemption policy that will vest the exclusive authority to approve tax exemptions or expenditures in parliament, according to Md Abdur Rahman Khan, chairman of the National Board of Revenue (NBR). Once enacted into a law to strengthen domestic revenue...

Govt forms taskforce to strengthen BBS, review data quality

The government has formed an eight-member expert taskforce to strengthen the Bangladesh Bureau of Statistics (BBS) by reviewing the quality, transparency, and accessibility of the data it produces, reports BSS.Headed by Dr Hossain Zillur Rahman, Executive Chairman of the Power and Participation Research Centre (PPRC), the taskforce will consult relevant...

Pakistan ‘shot down’ Indian drone along Kashmir border

ISLAMABAD, April 29 (AFP): Pakistan's military shot down an Indian drone along the de facto Kashmir border, state radio in Islamabad reported on Tuesday, a week after the deadliest attack on civilians in the contested region in years.The Indian army also said that both sides exchanged fire for a fifth...

New traffic signal system

A new traffic signal system, along with CCTV cameras and a megaphone, has been installed in Karwan Bazar. A number of such systems, which will be in operation soon, will be set up in Dhaka's strategic points to help manage traffic more smoothly. The photo was taken on Tuesday. —...