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

Insurers call for raising cash transaction limit

Country's 45 non-life insurers have urged the authorities concerned to raise the cash transaction limit ten times from existing Tk 10,000.Insurance Development and Regulatory Authority (IDRA) in its circular issued sometime in July stated that cash transaction for the non-life firms would be limited to Tk 10,000 in order to...

A toilet facility for women

A toilet facility for women stands amid piles of garbage, but the authorities are indifferent to it. The photo was taken at Basabo-Khilgaon Khalpar in the city on Tuesday — FE photo by KAZ Sumon

Future lies in building tech, knowledge-based society

The country should focus on increasing investment to establish a knowledge- and technology-based society, so that it can cope with the upcoming challenges, said Kazi M Aminul Islam, outgoing executive chairman (EC) of the Bangladesh Investment Development Authority (BIDA)."The future Bangladesh will be based on knowledge and technology, and so,...

RSC by Nov 25 to replace Accord

The proposed RMG Sustainability Council (RSC) will be formed by November 25 to take over the Accord's activities and carry forward the ongoing workplace safety and compliance programme in the country's readymade garment (RMG) sector.Bangladesh Garment Manufacturers and Exporters Association (BGMEA) President Dr Rubana Huq announced this at the end...

5.0pc AIT goes on import of edibles

The National Board of Revenue (NBR) has withdrawn a 5.0-per cent advance income tax (AIT) on the import of edible oils, both crude and refined.The move has been made for the industries located outside the economic zones to remove this disparity.It has also waived AIT on some raw materials of...

Japanese co to acquire 49pc of Reliance’s BD power project

Reliance Power signed a partnership agreement with JERA, one of the largest power utilities of Japan, for jointly setting up 750 MW gas based combined cycle power project (Phase-1) at Meghnaghat in Bangladesh, report agencies. Reliance Power will hold 51 per cent stake while JERA will hold 49 per cent...

783 down with dengue afresh

As many as 783 people were infected afresh with dengue on Tuesday, showing signs of improvement in fighting the viral disease.The number of new patients has been recorded in the last 24 hours until 8:00 am on the day.Until Sunday, the Institute of Epidemiology, Disease Control and Research received a...

BTRC to prepare guideline for 5G network by January

Bangladesh Telecommuni- cation Regulatory Commission (BTRC) has decided to formulate a guideline for 5G (fifth generation wireless) network by January next year. The decision came on Tuesday at a meeting of a committee formed last month to formulate a guideline for rolling out 5G, Senior Assistant Director of Bangladesh Telecommunication...

Barrister Mainul lands in jail again in libel case

A Dhaka court on Tuesday sent Barrister Mainul Hosein, former adviser to a caretaker government, to jail rejecting his bail petition in a defamation case filed on charge of slandering female journalist Masuda Bhatti in a television programme.Judge of the Metropolitan Magistrate Court of Dhaka, Tofazzal Hossain, passed the order...

BB warns against unauthorised notes in social media

Bangladesh Bank (BB) urged on Tuesday the social media users to refrain from using pictures of any unauthorised note on Facebook or other social media, reports BSS.The central bank also urged the law enforcement agencies to take necessary measures against the use of such notes on Facebook or other social...

A worker fills the tank

A worker fills the tank of a motorbike at a filling station at Rajarbagh in the city on Tuesday, although there is a ban on selling fuel oil to motorcyclists not using helmets — FE photo

Blue economy confce starts in city today

The 3rd IORA Blue Economy Ministerial Conference will kick off today (Wednesday) at the InterContinental Hotel in Dhaka.Four working sessions, scheduled for today, will discuss the means and ways to strengthen Blue Economy implementation. The ministerial segment of the event will be inaugurated by Prime Minister Sheikh Hasinaon tomorrow (Thursday)....

Pak Foreign Minister briefs Momen on Kashmir situation

Foreign Minister Shah Mehmood Qureshi apprised on Tuesday his Bangladeshi and Iranian counterparts on the latest situation in Indian Occupied Kashmir following New Delhi's unilateral move to strip Kashmir of its autonomy, according to a report by https://tribune.com.pkQureshi briefed Bangladeshi Foreign Minister Abdul Momen on the situation in the Himalayan...