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

WB for cutting barriers to increased trade with South Asia

Bangladesh can viably raise more than double its trade volume in South Asia if man-made trade barriers are reduced, said a new World Bank (WB) report.The country is currently having around $7.6 billion worth of annual trade with its neighbours, which is 9.0 per cent of the total global trade...

Labour leaders reiterate demand for review of RMG wage

Labour leaders at a meeting on Wednesday demanded of the government to review the proposed Tk 8000 minimum monthly wage for entry level garment workers.They also criticised the holding of the Tripartite Consultative Council (TCC) meeting after a gap of more than a year. The TCC on the readymade garment...

Experts list challenges to farming sustainability

Despite making tremendous progress in agro production, lack of a modern marketing system and food processing facilities still remained impediments to fully attaining agricultural sustainability in Bangladesh, experts said.They said prudent policies, food processing research, commercialising agro-products, strengthening a value chain, implementing food safety regulation and reducing the communication gap...

Japan jt venture to invest $59.19m in Mirsarai EZ

Mcdonald Steel Building Product Ltd and Nippon Koei of Japan will make a joint venture investment worth US$ 59.19 million in the country's Mirsarai Economic Zone (EZ).They will build large manufacturing and import substitute industries on 100 acres of land of the zone.Bangladesh Economic Zones Authority (BEZA) will sign a...

Two rice varieties ready for release

Two new local rice varieties, developed at the Bangladesh Rice Research Institute (BRRI), remain ready for release in the coming months, said officials.The high-yielding varieties (HYVs) of paddy are Brridhan-88 and 89, they disclosed.The new varieties have already generated a great deal of interest among farmers and scientists as well.The...

ADB approves addl $110m for urban health services

The Asian Development Bank (ADB) has approved an additional loan of $110 million for an urban health services project in Bangladesh. The ADB Board of Directors has given an approval to the additional financing for the government-led Urban Primary Health Care Services Delivery Project (UPHCSDP), said an ADB press release...

Navy gets Tk 10.7b contract to save Naria riverbanks

Cabinet Committee on Economic Affairs approved on Wednesday a proposal to award a contract to protect the Zajira and Naria upazilas from river erosion at a cost of Tk 10.77 billion (1077.58 crore), reports UNB.Bangladesh Navy-run Khulna Shipyard got the contract.The committee at a meeting, with Finance Minister AMA Muhith...

NBR gives tax benefit on imported flat-rolled items

The National Board of Revenue (NBR) has reintroduced reduced tax benefit on import of flat-rolled products, used as industrial raw materials, in a bid to keep the manufacturing cost of its related products at low level.The Customs Wing of NBR has fixed 10 per cent customs duty (CD), like the...

SK Sinha publishes book

Former Chief Justice Surendra Kumar Sinha said that he resigned in the face of intimidation and threats, reports bdnews24.com.Justice Sinha made the claim in his book titled "A Broken Dream: Rule of Law, Human Rights and Democracy" which is available on Amazon. "I had the opportunity and honour to observe...