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

RMG unlikely to meet $50b export target by 2021

Uncertainty looms large over the achievement of US$50-billion export earning target by the country's readymade garment (RMG) sector by the year 2021, sources said. The recent export earning trend of the sector also indicates the same, they added.RMG sector is projected to earn about $35.62 billion and $38.73 billion in...

New Year's Eve fireworks

New Year's Eve fireworks exploding over the Harbour Bridge and Opera House in Sydney during the traditional early family fireworks show before the main midnight event on Monday — AFP Photo

JOF to submit memo to EC for fresh polls

Jatiya Oikya Front (JOF) will submit a memorandum to the Election Commission (EC) and announce programmes demanding fresh elections under a neutral government.The announcement was made on Monday after the steering committee meeting of the BNP-led JOF at the Chamber Building office of Dr Kamal Hossain in the city's Motijheel...

BUET to develop model for operating BRT North

The Roads and Highways Department (RHD) has sought the help of the Bangladesh University of Engineering and Technology (BUET) to develop a model for operating the bus-based mass transport service in the city.The RHD is implementing the Bus Rapid Transit (BRT) North, the first-ever dedicated bus corridor, from Joydevpur to...

Banking sector, investment, tax reform pose challenges

Handling a chaotic and vulnerable banking sector along with a huge amount of bad loans is going to be the biggest challenge for the new government in this year (2019), the country's leading economists warned.At the same time, stimulating the private sector investment and reforming the tax system will also...

Chinese President, PM greet Hasina on AL’s victory

Chinese President Xi Jinping and Premier Li Keqiang extended on Monday their heartfelt congratulations to Prime Minister Sheikh Hasina on securing her party's absolute majority in the 11th parliamentary elections, report agencies.Prime Minister's Press Secretary Ihsanul Karim said Chinese Ambassador in Dhaka Zhang Zuo handed over their congratulatory messages to...

TIB demands judicial probe into breach of polls code

Expressing its deep concern over violence and alleged violation of electoral code of conduct in the 11th parliamentary election, Transparency International, Bangladesh (TIB) has demanded judicial probe into these incidents.Question had been raised regarding the election and its results as some incidents of violation of electoral code and use of...

India exempts rupee payments for Iran oil from hefty taxes

NEW DELHI, Dec 31 (Reuters): India's finance ministry has exempted rupee payments made to the National Iranian Oil Co (NIOC) for crude oil imports from a steep withholding tax, according to a government order reviewed by Reuters.The exemption, put in place December 28 but backdated to November 5, will allow...

Afghan presidential poll in July

KABUL, Dec 31: After weeks of disarray and mixed signals, Afghan officials announced Sunday that the country's presidential election, scheduled for April 20, will be delayed by three months to ensure the polls are better organised than the chaotic parliamentary elections held in October, reports Washington Post. "April will be...

Democratic Senator Warren takes step toward US presidential bid

WASHINGTON, Dec 31 (Reuters) :US Senator Elizabeth Warren took the first step toward a 2020 presidential run on Monday, becoming the most prominent Democrat to announce a challenge to Republican President Donald Trump. Warren, a liberal firebrand from Massachusetts who has frequently clashed with Trump, said she had formed an...