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

Streamline supply chain ecosystem to tame food inflation

To control inflation, the government should invest in better transportation networks to ensure timely delivery of food items, develop storage facilities to reduce food spoilage and wastage and streamlining supply-chain ecosystem, recommends a survey by the Dhaka Chamber of Commerce and Industry (DCCI).The DCCI recently conducted the study to understand...

Govt decision sends mixed signals to foreign investors: Speakers

The government has been urged to invite bids under the 'reverse auction' method to attract foreign investors for setting up renewable power plants in the country.Speakers at a dialogue on Thursday put forward the recommendation mainly to bring back the investors, particularly the Chinese ones, who had proposed to set...

Ex FE journo NM Harun passes away

Veteran journalist NM Harun passed away on Thursday at the age of 81. He is survived by his wife, one daughter, and a host of relatives. Harun served as the senior consultant editor of the Financial Express after working for various newspapers throughout his career.He began his career as a...

Italy halts issuing work permits to Bangladeshis, other nationals

The Embassy of Italy in Dhaka on Thursday announced the return of passports as it suspended issuing work permits to Bangladeshis and citizens of some other countries upon detecting a high number of false and counterfeit documents.Due to detection of a high number of false and counterfeit documents, the Italian...

Dengue claims 8 more lives

Eight more deaths were reported from dengue in 24 hours till Thursday morning, raising the number of fatalities from the mosquito-borne disease in Bangladesh to 234 this year, reports UNB.During the period, 1,100 more patients were hospitalised with viral fever, according to the Directorate General of Health Services (DGHS).Of them,...

Immigrants entering Assam before 1971 eligible for citizenship, Indian Supreme Court rules

The Supreme Court in India has upheld the validity of a key citizenship rule recognising the Assam Accord, granting citizenship to Bangladeshi refugees who had arrived before 1971, NDTV reports.Section 6A of the Citizenship Act was introduced in 1985 to allow Bangladeshi refugees, who entered India between 1966 and 1971,...

Air and noise pollution has vitiated Dhaka's environment

Air and noise pollution has vitiated Dhaka's environment because of road-digging work in different parts of the capital for months. The snap shows vehicles as well as passers-by wending their way through a dusty road in Kamalapur area. — FE Photo by Asad-Uz-Zaman

Govt slashes VAT on import, trading of edible oil

The government has reduced the value-added tax (VAT) on imports of crude and refined soybean oil, palm oil, and other edible oils to 10 percent from the existing 15 per cent, according to a Statutory Regulatory Order (SRO) issued by the Internal Resources Division (IRD) on Thursday, report agencies.Through another...

US says no excuse for violence in Bangladesh

The United States (US) has said there is no excuse for violence and anyone responsible for violence should be held accountable in Bangladesh, reports UNB. "We have made clear that there's no excuse for violence, either conducted against those conducting peaceful protests or conducted by those protesting, and anyone that's...

Water crisis threatening world food production

PARIS, Oct 17 (AFP): Inaction on the water crisis could put more than half of the world's food production at risk by 2050, experts warned in a major report published Thursday."Nearly 3 billion people and more than half of the world's food production are now in areas where total water...