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

Doing business environment still difficult despite regime change

Japanese companies operating in Bangladesh continue to face difficulties in doing business due to procedural complexities even after the change of government.They pointed out complexities in tax systems, customs clearance, financial regulation and inconsistent policies, according to a survey conducted among the companies during September 19-29 last.Suggesting reforms in these...

Refiners seek sugar import at 10pc LC margin

Local sugar refiners have urged the government to keep the LC (letter of credit) margin at a lower level for sugar import to ensure its uninterrupted supply during the upcoming fasting month of Ramadan, sources said.The Bangladesh Sugar Refiners Association (BSRA)--a platform representing five sugar producers in Bangladesh who altogether...

Olama Mashayekh rally gridlocks city

A massive gathering of Olama Mashayekh Bangladesh led to significant traffic disruptions across the capital on Tuesday. Major intersections and roads in areas like Farmgate, Shahbagh, Paltan, Gulistan, and Mohakhali were paralysed due to the turnout of a large number of event participants. The rally, held at Suhrawardy Udyan, attracted...

HC issues rule over forming body to reinvestigate BDR mutiny

The High Court on Tuesday issued a rule asking why an order should not be given to form a national independent investigation committee to re-investigate the killings during the mutiny at the then Bangladesh Rifles (BDR) headquarters in the capital's Pilkhana on February 25-26 in 2009.In the rule it also...

No need for any hard copies in online tax submission: NBR

The National Board of Revenue on Tuesday said hard copies need not be submitted to VAT office after filing online returns, coefficient declarations, etc, reports UNB.The NBR said that it has been informed that in some cases hard copies are sought by the VAT Officers after filing online returns, which...

Press freedom yet under attack: Editors' Council

Expressing deep concern, the Editors' Council on Tuesday said the press freedom in the country was still under attack from certain sectors of society despite the interim government's repeated promises to uphold it.Some of the country's leading print-media offices faced threats of assault and siege, according to a press release...

Stay alert against conspiracies, warns Fakhrul

BNP Secretary-General Mirza Fakhrul Islam Alamgir on Tuesday urged all to stay slert, warning that conspiracies are underway to once again plunge Bangladesh into new dangers, reports UNB."All of you need to remain alert and strengthen the organisation. The danger is not over yet. New dangers are likely to emerge,"...

Mohakhali Flyover to be closed for some days

The movement of vehicles through Mohakhali Flyover will remain partially suspended for some days this month for repairing its damaged expansion joint.In the first phase, the authorities concerned have instructed Kakoli-bound vehicles to run under the flyover from Jahangir Gate from 9pm to 8am on November 5-11 as replacement of...

Rizwana launches national action plan to tackle air pollution

The Department of Environment (DoE) on Tuesday launched the National Air Quality Management Action Plan to improve air quality and enforcement mechanisms.The government under the plan will adopt fiscal instruments targeting major sources of air pollution, including carbon tax, emission tax for vehicles, tax breaks for electric vehicles and green...

12kg LPG cylinder price falls by Tk 1

The Bangladesh Energy Regulatory Commission (BERC) has cut the price of liquefied petroleum gas (LPG) by Tk 1 to Tk 1,455 for a 12kg LPG cylinder for the month of November. The price for the 12-kg LPG cylinder was Tk 1,456 and Tk 1,421 for October and September respectively.The new...

UK medical team visits injured at NITOR

A UK medical team started working on Tuesday for treatments of the people injured in the student-led mass uprising in July and August. The two-member team consists of Georgian orthopaedic surgeon Saba Papuashbili and Jordanian rehabilitation specialist Dima Abdullah Ibrahim Yasin.They arrived in Dhaka earlier on the day in response...

CA heads reconstituted Planning Commission

The interim government has reconstituted the Bangladesh Planning Commission with Chief Adviser Dr Yunus as its chairperson, report agencies.Finance Adviser Dr Salehuddin Ahmed has been made alternative chairperson. The Cabinet Division issued a notification on Tuesday to this effect. Planning Adviser Prof Wahiduddin Mahmud has been made commission's vice-chairperson, while...