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

NBR set to zoom in on healthcare providers

Healthcare service providers are set to come under the scanners of the tax authority for checking tax evasion through verification of their deposit of tax at source to the public exchequer.The National Board of Revenue (NBR) at a recent meeting has taken a decision to scrutinise the tax files and...

Downpour, gridlock cripple city life

Heavy rainfall inundated many areas in the city on Monday, causing severe traffic congestion on roads and streets. The city witnessed 20 millimetres (mm) of rainfall from 6:00 am to 6:00 pm on the day, of which 18mm was recorded just in between 12:00 noon and 2:30 pm, meteorologist Md...

Growing cost of fund in OBUs poses hurdle to formal finance in SEZs

The growing cost of fund in the offshore banking operations emerged as a major hurdle to the facilitation of formal finance in the special economic zones (SEZs), bankers observed at a workshop on Monday.Citing the Bangladesh Bank's recent notification asking the banks to maintain cash reserve ratio (CRR) and statutory...

182 persons declared CIPs for 2017

The government has selected 182 persons as commercially important persons (CIPs) for the year 2017. The Ministry of Commerce (MoC) has selected the persons considering their valuable contributions to the country's export and trade.To this effect, a gazette notification on September 07 last published the names of CIPs.Of the total,...

Bangladeshi expats in dire straits

Bangladeshi expatriates are now in dire straits while many others remain stranded in South Africa following an anti-immigrant movement there, said officials and migrants.Talking to the FE over phone, Bangladeshis staying in South Africa said more than 1,000 Bangladeshi migrants were affected badly as their business entities and shops were...

UN rights chief concerned over Assam, Rohingya issues

GENEVA, Sept 09 (Agencies): The UN rights chief on Monday voiced alarm over the situation in Kashmir, following India's decision to revoke the autonomous status of the Muslim-majority region last month."I am deeply concerned about the impact of recent actions by the government of India on the human rights of...

Freelancers allowed to remit enhanced IT expenses

The central bank has enhanced the ceiling for outward remittances in case of IT expenses through digital wallet to US$500 from the earlier $300 to support freelancers, officials said."We've increased the limit of outward remittances on account of IT expenses to help freelancers or software developers meet their bonafide needs,"...

Woman dies of dengue, 716 more fall ill

A woman died of dengue in Rajshahi while 716 new patients have been hospitalised across the country, showing a 6 per cent fall in dengue infections from Sunday's figure, reports UNB.The new death was recorded on Monday noon while the new infections were reported in 24 hours until Monday morning.Shapla...

Govt to buy 1.0m tonnes of LNG on spot market in 2020

SINGAPORE, Sept 09(Reuters): Bangladesh's state oil and gas company Petrobangla plans to buy more than 1.0 million tonnes of liquefied natural gas (LNG) on the spot market next year, seeking to capitalise on lower prices for the super-chilled fuel, a senior official said.Asian spot LNG prices are currently seasonally at...

Talks on migration with Switzerland tomorrow

Switzerland and Bangladesh will hold bilateral talks on matters regarding migration tomorrow (Wednesday) in Dhaka.A Swiss delegation led by Ambassador Vincenzo Mascioli, director international cooperation, State Secretariat for Migration, Federal Department of Justice and Police of Switzerland, will visit Bangladesh from September 10 to 12 to participate in this meeting,...