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

‘Rebuked’ by teachers, Viqarunnisa girl kills herself

A student of Viqarunnisa Noon School and College reportedly committed suicide at their Shantinagar residence in the city on Monday after allegedly being rebuked by teachers for using mobile phone during examination, reports UNB.The deceased was identified as Adhriti Odhikari, a Class-IX student and daughter of Dilip Odhikari.The principal of...

RMG exporters to enjoy full VAT waiver on four types of services

The country's apparel exporters will enjoy full waiver of Value Added Tax (VAT) on four types of services including expenditure on workers' welfare and entertainment, laboratory test fees, IT-enabled services and rent-a-car facility.The National Board of Revenue (NBR) has offered the Value Added Tax exemption for export-oriented apparel makers by...

Cabinet okays drafts of EPZ Labour Bill, Insurance Corpn Bill

The cabinet approved on Monday the draft of 'the Bangabandhu Sheikh Mujibur Rahman Aviation and Aerospace University Bill, 2018' to establish a higher educational institution for promotion and upgradation of the aeronautical and aerospace studies in the country, reports UNB.The approval was given at the 35th cabinet meeting held at...

Western Marine bags Tk 6.06 billion ship export orders

Western Marine Shipyard Limited has received ship export orders worth Tk 6.06 billion from abroad, its chief said.The Chattogram-based leading ship-maker is building 10 ocean-going vessels and boats for exporting to three different countries."Norway, United Arab Emirates (UAE) and India have given orders to our company for building 10 ships,"...

Spanish company proposes route for subway

The Spanish consultant assigned to carry out a feasibility study on subways in the city has proposed a route on the east-west corridor for the underground train system.The proposed route was selected keeping the alignments of mass rapid transit lines 1, 2, 5 and 6 and bus rapid transit lines...

BD passport 86th in global ranking

Bangladesh's passport is the world's 86th powerful passport with visa-free and on-arrival visa entry facility into 18 and 25 countries respectively.Bangladeshi passport holders require visa for 155 countries, according to the Global Passport Power Rank 2018, compiled by Arton Capital, a global financial advisory firm.The United Arab Emirates (UAE) passport...

Crop loans come under CIB reporting

The outstanding crop loans of the agriculture sector have come under Credit Information Bureau (CIB) reporting system of the central bank from now.The Bangladesh Bank (BB) has asked all banks to report the outstanding crop loans ranging from Tk 1.0 and any amount to the CIB, according to a notification...

Two die in AL factional clash in Pabna

PABNA, Dec 03 (UNB): Two persons were killed and six others sustained bullet injuries in a clash between two factions of 'Awami League 'at Bharara in Sadar upazila on Monday.The deceased were identified as Lashkar Khan, 70, and Malek Sheikh, 40.Locals said Awami League leaders Sultan and Akkas had long...

Court denies Rajapakse authority to act as PM

COLOMBO, Dec 03 (AFP): A Sri Lanka court on Monday suspended Mahinda Rajapakse's powers as prime minister and ruled that his cabinet could not function until its legitimacy was established.The court of appeal said "irreparable damage" could be done to Sri Lanka if Rajapakse, whose controversial appointment as prime minister...

One of the Tablig Jamaat's two factions bringing out a procession

One of the Tablig Jamaat's two factions bringing out a procession against the other at Jatrabari intersection in the capital on Monday, after clashes between the two groups left one dead on Saturday — FE Photo

EC doesn't want to hold questionable election

The Election Commission (EC) will not let a question mark hang over the upcoming 11th parliamentary election in any way, said Election Commissioner Mahbub Talukder on Monday. "We don't want to put a blot on our (EC's) image by holding a 'questionable' election. I know that none of you (government...

Order release of arrestees in 'political' cases: Oikyafront to CEC

Jatiya Oikyafront has demanded that the Election Commission should issue directives to the Home Ministry to release all leaders and activists of different parties arrested in 'political' cases, reports UNB.Dr Kamal Hossain-led Jatiya Oikyafront placed the demand in a letter sent to Chief Election Commissioner KM Nurul Huda.The alliance's media...

JU abolishes dept development fees

The authorities of Jahangirnagar University (JU) on Monday abolished the department development fees from Masters' courses after facing tough students' protests, reports UNB."The university authority has cancelled the department development fees for the masters' students", confirmed JU Acting Registrar Rahima Kaniz."We decided to earn the development fees from University Grant...

China agrees to cut tax on US-made cars: Trump

WASHINGTON/SHANGHAI, Dec 03 (Reuters): US President Donald Trump said China had agreed to cut import tariffs on American-made cars, buoying shares in BMW and Daimler AG who manufacture in the United States for export to the world's biggest auto market. Shares of Chinese car dealers also perked up on hopes...