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

Waiver of customs, regulatory duties on onion import

The government has removed all customs and regulatory duties on onion import in its seamless efforts to ease the volatile spice market.The National Board of Revenue (NBR) cut 10-per cent duties, earlier imposed as customs and regulatory ones, according to a gazette notification issued on Wednesday.The NBR decision came following...

Govt raises asking rates by 7-10pc

The government on Wednesday announced its decision to procure 1 million tonnes of rice and paddy during the upcoming Aman-harvest season.Under the plan, parboiled rice will be procured at Tk 47 a kg, white rice (atap) at Tk 46 a kg, and paddy at Tk 33 a kg. The procurement...

Govt approves bulk imports of rice, wheat, sugar, LNG, fertiliser

The Advisors Council Committee on Government Purchase (ACCGB) on Wednesday approved a number of proposals to procure rice, wheat, sugar, LNG, and fertiliser to meet local demands and award contracts for upgradation of landing stations.Finance Adviser Dr Salehuddin Ahmed presided over the meeting held at the Cabinet Division, reports UNB.As...

EU to buttress interim govt's anti-graft fight

The European Union stands ready to support Bangladesh's interim government, headed by Chief Adviser Prof Dr Muhammad Yunus, in every possible way in its reform initiatives and fight against corruption.Paola Pampaloni, director, Asia and Pacific Department of European External Action Service, expressed European countries' readiness to back Bangladesh when she...

VAT waived for export cos

Export-oriented companies would enjoy value-added tax (VAT) waiver on transfer of capital machinery and spare parts on three conditions, one of which is that both of the companies must have valid bond licences, according to a new General Order (GO) issued by the VAT wing of the National Board of...

Govt to issue state guarantee for Tk 30b BB loan to ICB

The government is set to issue a sovereign guarantee against a Tk 30-billion loan expected to be provided by the Bangladesh Bank to the Investment Corporation of Bangladesh (ICB) that has long been suffering from a fund crisis.The fund would be invested into the ailing capital market, sources said.The Ministry...

'Threats to media weaken unbiased new Bangladesh'

The Transparency International Bangladesh (TIB) has voiced its serious concern over deliberate attacks on journalists and media outlets as well as indiscriminate lawsuits motivated by personal grievances.In a statement on Wednesday, the anti-corruption watchdog cautions that these actions are not conducive to upholding the spirit of establishing an anti-discriminatory 'New...

4 more die in 24 hrs -

Four more deaths were reported from dengue in the 24 hours till Wednesday morning, bringing the total number of fatalities from the mosquito-borne disease in Bangladesh to 330 this year, reports UNB.The recent fatalities included two in the Dhaka North City Corporation (DNCC), and one each in the Chattogram and...

'Shishu Bokta' Rafiqul Islam acquitted in four DSA cases

Rafiqul Islam Madani, popularly known as 'Shishu Bokta' has been acquitted in four cases filed under the Digital Security Act in four separate police stations in Dhaka, reports UNB.Judge Nur-e Alam of Dhaka Cyber Tribunal passed the order on Wednesday, accepting a plea for the Islamic orator, said Public Prosecutor...

Labelled as risky, yet battery-run three-wheelers still rule main roads

Labelled as risky, yet battery-run three-wheelers still rule main roads flouting regulatory restrictions to the contrary. The snap was shot on Babubazar Bridge in the capital on Wednesday. — FE Photo by Shafiqul Alam