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

Navy to be builder force: PM

CHITTAGONG, Dec 24 (UNB): Prime Minister Sheikh Hasinaon Sunday expressed the hope that Bangladesh Navy will turn into a builder force from a buyer one gradually."We'll be able to make Buyer Navy as Builder Navy gradually, Inshallah. We'll be able to build warships and export these as well, she said...

NBR moves to offer AEO status by month-end

The National Board of Revenue (NBR) is set to launch a pilot programme by the end of this month as a primary step towards offering customs-compliant companies a status of Authorised Economic Operator (AEO).After successful operation of the pilot programme, officials said the authorities were expecting to go for full...

GST eases BD inroads into India’s RMG market

Bangladesh has recently entered India's readymade garments (RMG) market with the Goods and Services Tax (GST) facility.Bangladesh's RMG export to India from July to November jumped by 56 per cent to $87.4 million over the corresponding period last year. Import of knitted apparel surged 69 per cent to $30.1m. Import...

Philippines mall fire kills 37

MANILA, Dec 24 (BBC): At least 37 people are feared to have died in a fire that tore through a shopping mall in the southern Philippine city of Davao, local officials say.Firefighters battled for hours to extinguish the blaze that started on the third floor and spread to the floor...

Land acquisition delays Ctg Bay Terminal construction

CHITTAGONG, Dec 24: The construction of Bay Container Terminal (BCT) of Chittagong Port Authority (CPA) is getting delayed due to slow pace in the project's land acquisition process following filing of cases by the parties concerned.As much as 456 acres of land out of the 674 acres, demanded by CPA...

ACC seeks banking info of Bachchu, family

The Anti-Corruption Commission (ACC) has sought information on the banking transactions of former BASIC Bank Chairman Sheikh Abdul Hye Bachchu and his family members.To this connection, the anti-graft watchdog sent a letter to the Bangladesh Bank on Sunday afternoon, an ACC source told the FE.ACC officials interrogated Mr Bachchu for...

Pry teachers’ hunger strike continues

At least 10 primary school teachers have fallen ill on the second day of their hunger strike against a 'discriminatory pay scale' at Dhaka's Central Shaheed Minar, reports bdnews24.com.The Bangladesh Primary Assistant Teachers Union began the strike on Saturday, urging the government to reduce the difference in wages between trained...

Govt files review petition against 16th amendment verdict

The prosecution filed on Sunday a review petition seeking cancellation of the full verdict of the Supreme Court that upheld a High Court judgment scraping the 16th constitutional amendment, reports UNB.The petition was submitted to the department concerned of the Appellate Division of the Supreme Court Sunday morning, said deputy...

US court lifts Trump curbs on some refugees

WASHINGTON, Dec 24 (AFP): A US federal judge lifted on Saturday Trump administration restrictions that barred some refugees from the country, the latest in a series of immigration-related legal setbacks for the president.The United States said in October that it would resume accepting refugees after a 120-day ban ordered by...

Govt to go tough against drug smuggling

Home Minister Asaduzzaman Khan said on Sunday the government would be very trough to put an end to smuggling through different bordering points of the country, reports UNB."Steps are being taken against those who are engaged in drug smuggling. Even law enforcers and public representatives will not be spared if...

AG receives death threat again

Attorney General (AG) Mahbubey Alam has received a death threat again, reports UNB.The threat was issued in five letters sent to his office on Sunday. Personal secretary to the AG Kabir Ahmed filed a general diary with Shahbagh Police Station in the evening in this connection, said Abdul Hasan, officer-in-charge...

Blanket traders in Dhaka pass a busy time

Blanket traders in Dhaka pass a busy time amid the ongoing wintry weather across the country. The photo was taken from Baitul Mukarram area on Sunday. — FE Photo