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

BD to push for connectivity, trade deals with Russia

Bangladesh will press for establishing direct connectivity and trade arrangements with Russia at an upcoming bilateral meeting in Moscow next week, officials said on Wednesday.Dhaka will also request Moscow to allow access of some products, including garment items, to its market with duty-free and quota-free (DFQF) facility, they also said.Both...

Record oil purchase pushes up imports

Bangladesh's imports grew by more than 6.0 per cent in the first two months of fiscal year 2018-19, after a record 105.07 per cent increase in oil, officials said.The actual import in terms of settlement of letters of credit (LCs) rose to $ 8.52 billion during the July-August period of...

Cabinet body approves work to facilitate river transit to India

Cabinet body Wednesday approved a proposal to award a contract for development of fairway from Sirajganj to Daikhowa river route, reports UNB It will facilitate the river transit offered to India.Cabinet Committee on Public Purchase on Wednesday also approved many more of procurement proposals.As per a tender proposal placed by...

NBR urges BSTI to fix specific standards for energy, soft drinks

National Board of Revenue (NBR) has requested Bangladesh Standards and Testing Institution (BSTI) to determine specific standards for energy drinks, soft drinks and malt beverages on urgent basis for the sake of consumers and the government's revenue earning.In a letter to BSTI, NBR's Value Added Tax (VAT) Policy Wing said...

Ctg-based SA Gr chief held

Md Shahabuddin Alam, managing director of Chattogram-based SA Group was arrested on Wednesday for loan forgeries.Shahabuddin has been facing several dozen criminal cases and civil suits under Money Loan Court Law (Artha Rin Adalat Ain) filed by Bank Asia Ltd and several other banks.Ashraful Islam, inspector of the Criminal Investigation...

‘Equilibrium’ champions in BICM contest

Equilibrium, a team of students from finance department at Dhaka University, became champions in the Bangladesh Institute of Capital Market (BICM) Case Competition titled Invest Mastros. Fantastic 4, a team of business school at BRAC University, emerged as the first runner-up in the contest that began in the first week...

MJ Akbar quits after #MeToo allegations

India's junior foreign minister MJ Akbar has resigned after numerous women accused him of sexual harassment and assault, officials have confirmed, reports BBC.The former prominent newspaper editor is the most high profile figure to be named in what is being called India's #MeToo movement.The charges range from "predatory behaviour" to...

Two female ‘militants’ surrender at Narsingdi

NARSINGDI, Oct 17 (Agencies): Two female suspects have surrendered to law enforcers here bringing the standoff to an end.According to police officers at the scene, the 'militants' surrendered in response to the request of law enforcers on the second day of the 'Gordian Knot' operation at the another 'militant den'...

Govt reduces MNP cost

The government has reduced the cost of Mobile Number Portability (MNP) service from Tk 157.50 to Tk 57.50, reports UNB.The service enables the customers to switch to different operators without changing their existing mobile phone numbers.After its initial launch on October 1, the charge for MNP service was a total...

Pompeo meets Erdogan on missing journo

ANKARA, Oct 17 (Reuters): US Secretary of State Mike Pompeo met Turkey's President and Foreign Minister on Wednesday to discuss the disappearance of a Saudi journalist as pressure mounted on the kingdom to provide answers following Turkish allegations he was killed.US President Donald Trump gave Saudi Arabia the benefit of...