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

Padma Bridge work may end in 2022, says Kamal

The construction work of the Padma Multipurpose Bridge may be completed in 2022, finance minister A H M Mustafa Kamal said on Wednesday, blaming the virus outbreak and this year's prolonged flood for the delay."You know…due to various reasons, especially because of Covid-19, we could not continue work of Padma...

Six-Point Demand Bangabandhu's brainchild: PM

Prime Minister Sheikh Hasina on Wednesday said the historic Six-Point Demand was solely the brainchild of Father of the Nation Bangabandhu Sheikh Mujibur Rahman as no-one else was involved in formulating this crucial political programme that led the county to its Independence, reports UNB."Many people want to say many things...

World continues to fight pandemic

The world continued to fight the coronavirus pandemic as global infection cases stood at nearly 24 million infections with over 0.8 million deaths and 15.5 million recoveries. The EU target for early vaccinations is twice as high as the goal set by the WHO, which is aiming to buy vaccines...

IDRA gets acting chairman, yet quorum crisis remains

The government on Wednesday appointed an acting chairman to the country's insurance regulatory body, but it still lacks a quorum of three members needed to make decisions for the insurance industry, a major financial sector. Presently, there are a total of 79 firms, including two government corporations, in the insurance...

BSC to procure six more ships

The state-owned Bangladesh Shipping Corporation (BSC) will procure six more ships for bringing dynamism in its services, an official said.The BSC initiated the move to procure two bulk carriers and four crude oil tankers following the directives of the ministry of shipping (MoS).The capacity of each bulk carrier ship will...

US to reconsider GSP for BD

Washington has assured Dhaka of reconsidering the Generalised System of Preferences (GSP) facility for Bangladeshi goods to the US market, according to commerce ministry.The ministry issued a press statement after an inter-sessional meeting of TICFA between Bangladesh and the USA hosted through a virtual platform on Tuesday.The American GSP facility...

Govt allows citizens to access procurement data

The government has allowed the people to access the public procurement data for ensuring transparency in its purchases.The Central Procurement Technical Unit (CPTU) of the Implementation Monitoring and Evaluation Division (IMED) of the planning ministry launched a citizen portal (citizen.cptu.gov.bd) in this regard on Wednesday in Dhaka.The IMED's outgoing secretary...

Govt cuts stamp duty sharply

The government has sharply cut the stamp duty on registration of trust deed of the Bangladesh Security and Exchange Commission (BSEC) approved alternative investment funds to only 0.1 per cent from earlier 2.0 per cent to encourage such investment in the country.The Internal Resource Division (IRD) under the Ministry of...

City eatery sued for evading VAT worth Tk 17.5m

The VAT intelligence team has detected alleged VAT evasion worth Tk 17.5 million by a posh restaurant in the city.It has found evidence that The Green Lounge, located on the Kazi Nazrul Islam Avenue, evaded VAT through concealment of actual sales information, said a statement of the VAT Audit, Intelligence...

With the economic activities getting back to normal

With the economic activities getting back to normal, the traffic level in the city is rising as is evident in this photo of gridlocked Bangabandhu Avenue area taken on Wednesday — FE photo