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

Govt raises gas price for IOCs in new PSC

The international oil companies (IOCs) will get higher price for natural gas in the next bidding round, as the government has adopted the model production sharing contract (PSC) 2019 to lure them.The state-run Petrobangla has raised natural gas price for both shallow- and deep-water offshore blocks, while the price for...

Pakistan downgrades ties with India, suspends trade

The row between India and Pakistan over the disputed territory of Kashmir has deepened with Pakistan's announcement that it was expelling India's top diplomat and suspending trade, report agencies.Indian-administered Kashmir has been on lockdown since the Indian government decided on Monday to strip the region of its special constitutional status....

BIDA offers linking its OSS with NBR’s system

The Bangladesh Investment Development Authority (BIDA) has proposed to integrate its one-stop service (OSS) with the National Board of Revenue's (NBR) VAT Online and Asycuda World system to facilitate investors.As a result, the investors will be able to obtain Business Identification Number (BIN) and duty benefit for releasing capital machinery...

Monsoon depression causes rain, disrupts traffic

A monsoon depression over the Northern Bay caused on Wednesday torrential rain in the country's southern, south-eastern and many other parts, thus disrupting transportation.Ferry services in some waterways remained halted on the day for strong winds in the Padma river.However, the monsoon low, which later turned into a deep depression,...

Govt wary of Kashmir situation: Quader

The government is closely observing the situation in Kashmir, India, said Awami League General Secretary and road transport and bridges minister Obaidul Quader, reports BSS."As a neighbour we are closely observing the situation in Kashmir, India. We have no right to say anything and raise question about the internal matters...

Eid launch service of BIWTA begins today

The Bangladesh Inland Water Transport Corporation (BIWTC) is going to roll out a special launch service on the occasion of Eid-ul-Azha today (Thursday), officials said.The special service, aimed at facilitating smooth journey of homebound passengers during the festive season, will continue until August 20. As Eid-ul-Azha will be celebrated on...

People’s Leasing staffers demand payment of dues

The employees of People’s Leasing and Financial Services (PLFS) have demanded their dues, including salary and festival bonus.They are in apprehension of their job losses following the start of the company's liquidation process.The staffers made their demand on Wednesday at a press briefing at Crime Reporters Association of Bangladesh (CRAB)...

Defying repeated eviction drives

Defying repeated eviction drives, hawkers again grabbed the footpaths and roads at Gulistan in the capital, intensifying gridlock in the busy area. The photo was taken on Wednesday — FE Photo

China warns India of 'reverse sanctions' if Huawei is blocked

China has told India not to block its Huawei Technologies from doing business in the country, warning there could be consequences for Indian firms operating in China, sources with knowledge of the matter said, reports CNBC.India is due to hold trials for installing a next-generation 5G cellular network in the...

UN member States to attend 5 summits in NY in Sept

Member States of the United Nations are preparing to meet at the General Assembly in New York next month to discuss the critical issues of global concern, reports UNB.During September 23-27, in addition to the general debate, world leaders will participate in a series of summits and high-level meetings to...

BGB seize 32 gold bars worth Tk 12m

BENAPOLE, Aug 7 (UNB): Border Guard Bangladesh (BGB) seized 32 gold bars weighing 2.8 Kgs from Durgapur area of Benapole border on Wednesday.BGB could not however detain the gold smugglers.According to Md Selim Reza, Commander of 49 BGB Battalion Jashore, an intelligence squad of the battalion led by Nayeb Subeder...

South Asia GDP may moderate to 5.1pc in FY2019-20

South Asia economies are projected to contract from 5.4% to 5.1% in FY2019-20 given ongoing security concerns in the region, according to a Fitch Solutions report, according to a report by https://sbr.comPakistan, in particular may see its GDP growth slow down to 2.7 per cent from around 3.3 per cent...

Workers of Zara Jeans and Knitwear

Workers of Zara Jeans and Knitwear Ltd blockaded the road at Mirpur in the capital on Wednesday, demanding payment of arrear wages, overtime bill and Eid bonus — Collected