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

Banks to offer single-digit interest rate soon: Muhith

Finance Minister A M A Muhith on Tuesday expressed the hope that the private commercial banks (PCBs) will bring down their lending rate to single digit shortly."I expect the banks will bring it down. So far many of them couldn't, but over a period of time they will do it,"...

Rights issues threat to BD RMG: US envoy

Terming workers' rights issues a 'big hurdle' for the country's garment industry, outgoing US Ambassador Marcia Bernicat to Dhaka on Tuesday said delayed action in this regard would increase the risk of shifting foreign buyers from Bangladesh to other destinations.She also called on apparel sector leaders to accept transitional arrangements...

AL, BNP to hold rallies in city on Saturday

The Awami League-led 14-party coalition has announced a rally for Saturday in Dhaka as its main rival BNP is preparing for a similar demonstration in the capital the same day, report agencies.The announcement by 14-party alliance spokesman Awami League leader Mohammed Nasim on Tuesday has heated up Bangladesh's politics amid...

Businesses suffer as new VAT form full of inconsistencies

The faulty format of new Value Added Tax (VAT) returns has forced many of the businesses to submit their return in the older version, people familiar with the situation said.Officials of the National Board of Revenue (NBR) said the VAT authority scraped the old VAT return forms on June 19...

HRW says new law to silence critics

NEW YORK: The Digital Security Act passed by the Bangladeshi parliament last week, despite vehement opposition from the country's journalists, strikes a blow to freedom of speech in the country, the Human Rights Watch said on Tuesday on its website. The law, which replaces the much-criticised Information and Communication Technology...

US report blames Myanmar for mass atrocities

A US government investigation concluded that Myanmar's military orchestrated a "well-planned and coordinated" campaign of violence against the country's Rohingya minority, but stopped short of labeling the atrocities "genocide" or "crimes against humanity."The State Department probe, released quietly on Monday, included interviews with more than 1,000 Rohingya refugees in Bangladesh,...

Govt wants inclusive election, Hasina tells Jeremy of UK

NEW YORK, Sept 25 (UNB): Prime Minister Sheikh Hasina on Monday said her government wants the next general election to be held in a free and fair manner with the participation of all political parties.She made the remarks when UK Secretary of State for Foreign and Commonwealth Affairs Jeremy Hunt...

Dhaka opposes Delhi’s stance on cross-border power trade

Bangladesh raised its serious objection about New Delhi's recent arbitrary decision for not allowing any cross border electricity trade through India unless there is any Indian company involved, reports UNB.The objection was made at the meeting of the Bangladesh-India Joint Steering Committee on Power Sector Cooperation held in north-eastern city...

Indian minister for comprehensive trade partnership

Visiting Indian commerce minister Suresh Prabhu on Tuesday said, Bangladesh and India need to forge a comprehensive trade partnership to create a win win situation for both the countries.He was addressing a discussion on 'Bangladesh - India trade relations' held in the city.Commerce minister Tofail Ahmed was also present in...

Jaywalkers defying a barbed wire fence

Jaywalkers defying a barbed wire fence used to prevent them from crossing the busy road in the capital's Motijheel commercial area on Tuesday — FE Photo

A truck lying damaged after it hit two autorickshaws

A truck lying damaged after it hit two autorickshaws on Dhaka-Chattogram Highway at Thakurdighi Bazar in Mirsarai under Chattogram on Tuesday, killing at least five people — Focus Bangla