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

IOCs seek lower tax, flexible terms

International oil companies have sought contractual flexibility, including corporate tax benefits and reserve-based pricing in the next round of bidding for hydrocarbon exploration.But some firms preferred to keep mum during their talks with state-run Petrobangla over the past week.Petrobangla arranged the discussions with the interested energy firms to get their...

PM leaves Dubai for NY to join UNGA

ABU DHABI, Sept 22 (BSS): Prime Minister Sheikh Hasina left here today on the way to New York on an eight-day official visit to the USA to attend the 74th session of the United Nations General Assembly (UNGA).She will deliver the country statement at the 74th Annual General Debate of...

ADB for fast execution of its funded projects

The Asian Development Bank (ADB) has emphasised quick implementation of its financed projects in Bangladesh, ensuring quality and value for money. "Fast project implementation is a key to ensure effective and efficient development. The faster the projects are implemented, the earlier their results are delivered to people, thereby enabling them...

Project cost set to spike three times

The cost of the project for conservation and beautification of the rivers surrounding the capital is set to increase more than three times, according to the officials concerned.To protect Buriganga, Sitalakhya, Turag and Balu rivers from illegal encroachments and give them a makeover, the Bangladesh Inland Water Transport Authority (BIWTA),...

A foreigner selling fake 'brand' mobile phones

A foreigner selling fake 'brand' mobile phones in Paltan area of the city on Sunday. Recently, two foreigners were arrested from Ashulia for selling such fake items — FE photo

Now online businesses to pay 5.0pc VAT on service charge

The National Board of Revenue (NBR) will collect 5.0 per cent Value Added Tax (VAT) on commission from the online businesses on their sales of products, irrespective of VAT-able or VAT-exempt.The online businesses which procure products paying VAT and have no showrooms of its own will have to pay VAT...

'Stay out of region'

GENEVA, Sept 22 (Agencies): Iran's president has warned that foreign forces are threatening the security of the Gulf, after the US said it was deploying troops to the region.Hassan Rouhani said foreign forces had always brought "pain and misery" and should not be used in an "arms race".The US is...

BB bans note-like tickets, coupons

Bangladesh Bank (BB) has banned the use of any ticket or coupon which looks like a bank note for any purpose of bills in hotels, restaurants, food courts or amusement parks, reports UNB. In a press release issued by its Department of Communication and Publication, the central bank said it...

Rohingya couple killed in Teknaf 'gunfight' with cops

A detained Rohingya couple have been killed in a reported shootout with police in Cox's Bazar's Teknaf, reports bdnews24.com.The incident took place in the hill area adjacent to Leda Rohingya camp in Teknaf Hnila Union on Sunday morning, according to Teknaf police station OC Pradip Kumar Das. Police identified the...

Teachers loyal to VC 'threaten' student protesters at BSMRSTU

Teachers who support Vice-Chancellor Khondoker Md Nasiruddin of Bangabandhu University in Gopalganj have allegedly threatened students demanding his resignation, reports bdnews24.com.The allegation surfaced as protests continued for the fourth day on Sunday at the Bangabandhu Sheikh Mujibur Rahman Science and Technology University (BSMRSTU).The protesters alleged the teachers asked the students...