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

e-CAB calls for lifting minimum turnover tax

The country's e-commerce operators urged the government on Wednesday to withdraw minimum tax on turnover, revise rate of tax deducted at source (TDS), and review bar on their promotional expenses, as the sector is still at flourishing stage. The e-Commerce Association of Bangladesh (e-CAB) also called for introducing digital VAT...

Make in BD, sell worldwide

A 10-year tax holiday is sought for companies making cent-percent foreign direct investment (FDI) in mobile-phone manufacturing and backward- linkage industries to bag a beckoning trade boon.The proposal was made Wednesday by Bangladesh China Chamber of Commerce and Industry (BCCCI) at a pre-budget meeting with the National Board of Revenue...

No registration needed for first dose now

The daily Covid-19 caseloads maintained downward trend in the country for the last few days with the authorities reporting 15 deaths from the virus on Wednesday.The daily death toll due to coronavirus was also considerably lower than that of the previous day's 34, according to the official data. The Directorate...

Bappi Lahiri dies at 69

Music composer and singer Bappi Lahiri, who popularised disco music in India in the 80s and 90s, died at Mumbai's CritiCare Hospital on Wednesday, report agencies.He was 69."Lahiri had been admitted to the hospital for a month and was discharged on Monday. But his health deteriorated on Tuesday and his...

Automated signalling goes haywire

The automated traffic signal lights installed in different parts of Dhaka city are out of order, as is seen in this photo taken in the Gulistan area on Wednesday, for different reasons — FE photo by Shafiqul Alam

UK firm offers bio-fuel locomotives for BR

A UK-based green-technology firm has proposed the Bangladesh Railway (BR) to facilitate conversion of its diesel-run locomotives into bio-fuel-run ones using British patent dual-fuel technology. Representatives of G-Volution and its global partner Xpronet called on Railways Minister Nurul Islam Sujan in the capital on Tuesday, and shared the proposal in...

Meeting on MRT fare ends inconclusively

The second meeting of the special committee to fix metro-rail fares ended inconclusively on Wednesday as it found lack of adequate information necessary to determine the same.Held after more than a year, the meeting however identified that information like per kilometer operational cost of the mass rapid transit line 6...

Global cases top 416m

The overall number of Covid cases has surpassed 416 million, with the Omicron variant's quick spread across the globe, report agencies.According to Worldome-ters tally, the total case count mounted to 416,615,409 while the death toll from the virus reached 5,859,611 Wednes-day evening.The US has recorded 78,036,352 cases so far and...

First woman in world believed to be cured of HIV

NEW YORK, Feb 16 (BBC): A US patient is believed to be the third person in the world, and first woman, to be cured of HIV.The patient was being treated for leukaemia when she received a stem cell transplant from someone with natural resistance to the Aids-causing virus.The woman has...

College girl raped in city

A female college student (18) was admitted to Dhaka Medical College Hospital (DMCH) in critical condition on Wednesday as she was allegedly confined and raped by two people at Lalbagh area in the capital.The girl was going to attend private coaching on February 12 last, an official at Shahbagh Police...

US retail sales rebound sharply in January

WASHINGTON, Feb 16: US retail sales rebounded sharply in January amid a surge in purchases of motor vehicles and other goods, but higher prices could blunt the impact on economic growth this quarter, reports Reuters. Data for December was, however, revised sharply lower, taking some shine off last month's spectacular...

S Korea, Iran hold talks on resuming oil trade, unfreezing funds

SEOUL, Feb 16: South Korea and Iran have held working-level talks on resuming imports of Iranian crude oil and unfreezing Iranian funds held in the East Asian nation, South Korea's foreign ministry said on Wednesday, reports Reuters. South Korea was previously one of Iran's leading Asian oil customers. The move...