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

Tax on MS rod cut after demand from steel lobby

The government has slashed the tax on the import of mild steel (MS) rod to Tk 1,000 per tonne, though it was increased from the tariff value.Until Sunday, the tariff value was Tk 900.In the budget announced on June 13, 2019, the Value Added Tax (VAT) on MS rod was...

Support transfer of Rakhine to BD

The US should support the transfer of the North Rakhine State of Myanmar to Bangladesh if the latter fails to protect Rohingya and provide citizenship, according to a Congressman.Congressman Brad Sherman, chairman of the House Foreign Affairs Subcommittee on Asia & the Pacific, made the suggestion during a State Department...

43 containers fall off ship into Bay in rough weather

CHATTOGRAM, June 30: As many as 43 containers fell off a cargo ship in Hatiya channel of the Bay of Bengal during rough weather on Sunday morning.The ship, KSL Gladiator, loaded with a total of 86 containers was going to Pangaon Inland Container Terminal in Dhaka from Chittagong Port when...

Salt aplenty for Eid-ul-Azha

Prime Minister Sheikh Hasina has asked the industries ministry to stay alert on the possibility of an artificial salt crisis as it is adequately available for the upcoming Eid-ul-Azha, officials said.As instructed, the ministry told the Bangladesh Small and Cottage Industries Corporation (BSCIC) to fix the demand for salt during...

WB new Country Director for BD begins office today

World Bank's new Country Director for Bangladesh and Bhutan Mercy Miyang Tembon will begin office here today (Monday), reports UNB.Mercy Miyang said Bangladesh has tremendous development experience to share with the world."It has cut extreme poverty in half in record time and is among the few developing countries to achieve...

Three more suspects held over Rifat murder

Police arrested three more suspects, one of whom cleared the police constable recruitment exam, in the case over the daylight murder of Rifat Shorif in Barguna, reports agencies.Superintendent of Police Md Maruf Hossain said the arrests were made during raids across Barguna, Patuakhali and Dhaka between Saturday evening and Sunday...

Ershad's health deteriorates again

Jatiya Party Chairman HM Ershad, now undergoing treatment at the Combined Military Hospital (CMH), was given oxygen support on Sunday as his health condition deteriorated again, said his brother GM Quader, reports UNB."His (Ershad's) condition deteriorated this morning. Water developed in his lungs caused by infection," he said.Briefing reporters at...

'No Parking'

A car remains parked close to a 'No Parking' sign on the footpath at Bir Uttam Mir Shawkat Road in Gulshan area of the city on Sunday, causing inconvenience to pedestrians — FE photo