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

Govt to open talks with ADB next month on initial funding

The government will sit with the Asian Development Bank (ADB) early next month to negotiate funding for the metro-rail (MRT)-5 in southern part of Dhaka city, officials said on Monday. The Manila-based lender is likely to provide some US$33.2 million to the state-run Dhaka Mass Transit Company Limited (DMTCL) for...

Ride-sharing cos, not drivers, will pay VAT

The value added tax (VAT) on ride-sharing businesses will be payable only by the mobile app-based companies from their portion of service charges while the amount received by drivers or car owners will enjoy exemptions.The full amount of service charges received from passengers will not be VAT-able, according to a...

Jaishankar in city, talks with PM, FM today

Indian External Affairs Minister Dr S Jaishankar arrived in Dhaka Monday night, aiming to further strengthen the relations between Bangladesh and India, reports UNB.Foreign Minister Dr AK Abdul Momen received his Indian counterpart at Hazrat Shahjalal International Airport upon his arrival at 9:15pm, said an official at the Ministry of...

Mongla Port draft bill okayed, tougher punishment for polluting environment

The Cabinet approved on Monday in principle the draft of 'Mongla Port Authority Bill, 2019' with a provision to give tougher punishment for polluting the environment, reports UNB.The approval came from the Cabinet meeting held with Prime Minister Sheikh Hasina in the chair at her office."The bill was placed in...

Four more die of dengue in dists

Four more people died of dengue fever on Monday although the number of the deadly virus-infected patients slightly declined compared to the previous day (Sunday), physicians and officials said.The deaths were reported in Mymensingh, Barishal, Khulna and Faridpur and the victims were identified as Anwar Hossain (40), Sumaiya Akhter (18),...

Empty classrooms as some schools reopen in Kashmir

NEW DELHI, Aug 19 (AFP): Some Kashmir schools re-opened on Monday but were largely empty following weekend clashes in Srinagar, two-weeks after India removed the restive region's autonomy and imposed a lockdown.The authorities said that they were re-opening 190 primary schools in the city yet few children could be seen...

ACC arrests Faruk over FR Tower design forgery

The Anti-Corruption Commission (ACC) arrested engineer SMHI Faruk, one of the owners of fire-ravaged FR Tower of Banani in Dhaka, in a case over design forgery charges, reports bdnews24.com.A team of the anti-graft watchdog arrested Faruk at 1.00pm from the Gulshan-2 area on Monday, said ACC spokesman Pranab Kumar Bhattacharya.His...

A water-vessel being loaded with jute

A water-vessel being loaded with jute in the Shitalakhya in Narayanganj on Monday. Prices of the golden fibre are high as use of the environment-friendly natural fibre has increased these days — Star Mail

India plans big detention camps for migrants, Muslims are afraid

More than 4 million people in India, mostly Muslims, are at risk of being declared foreign migrants as the government pushes a hard-line Hindu nationalist agenda that has challenged the country's pluralist traditions and aims to redefine what it means to be Indian, reports The New York Times.The hunt for...