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

Multilayer taxation on dividend hurting investment growth

Big entrepreneurs shy away from reinvesting their profit in new ventures or limiting necessary expansions in fear of huge monetary losses under Bangladesh's 'complex' multilayered dividend-taxation system.Such a revelation came from sources in business circles who also said the anxiety over tax issues stymies the flourishing of local companies, so...

BD to disqualify Chinese firm CHEC for bribery, says Muhith

Finance Minister AMA Muhith said Tuesday China Harbour Engineering Company (CHEC) will be barred from getting work in Bangladesh in future as it bribed some government officials here."No, they cannot," he said when his attention was drawn as to whether the Chinese firm will be allowed to get any other...

Cost goes up 59pc with no physical progress made

With no progress made in physical work in seven years since its launch in 2010, the government on Tuesday revised upward the cost of the Shitalakhya Bridge construction project by 59 per cent.The Executive Committee of the National Economic Council (ECNEC) approved a proposal to increase the cost of the...

JS passes bill allowing four family members on bank board

Parliament passed Tuesday legal amendments allowing four from a family to be bank directors at a time, amid strong opposition and criticisms from various quarters.The passage of 'The Bank Companies (Amendment) Bill 2018' made the changes to 'The Bank Companies Act 1991' to make the new provision of multiple bank...

CU confers D. Lit on Pranab Mukharjee

CHITTAGONG, Jan 16: Chittagong University (CU) honoured former President of India Pranab Mukharjee by conferring honorary D. Lit degree on him on Tuesday.CU Vice Chancellor (VC) Professor Iftekhar Uddin Chowdhury handed over the degree memento, a crest, a wrapper and symbol of the university to him at a gorgeous function...

It glitters, it's gold but it’s untouchable

Roughly two years ago a Biman Bangladesh Airlines flight Mayurponkhi was seized by the authorities in Dhaka on a tip-off. When they took the plane apart they found a literal hoard of gold that had been carefully stacked in compartments that only technical persons would have access to. Cabin crew...

Madrasah teachers call off strike on govt assurance

Eighth day into hunger strike seeking nationalisation of registered Ebtedayee madrasah, the striking teachers called off the programme Tuesday afternoon following government assurance of fulfilling their demand shortly, reports UNB.Education Minister Nurul Islam Nahid and newly appointed State Minister for Technical and Madrasah Education Kazi Keramot Ali gave them the...

Tata Motors launches AMT version of Tiago in BD

MUMBAI, Jan 16: The India-based auto major Tata Motors has launched an automatic (AMT) version of its hatchback Tiago in Bangladesh, reports PTI. Equipped with 1.2-l petrol engine, the Tiago AMT will be available at over 20 Tata Motors showrooms in Bangladesh at a starting price of Tk 1.5 million...

A goods-laden truck gets stuck

A goods-laden truck gets stuck on a part of the Progoti Sharani at Shahjadpur in the capital on Tuesday as the authorities posted no cautionary signboard after installing pipelines there. — FE Photo by KAZ Sumon

One of the teachers on a hunger strike waves a banner

One of the teachers on a hunger strike waves a banner, demanding nationalisation of non-government institutions in front of the National Press Club in the city on Tuesday. — FE Photo