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

Large makers unwary of complex taxation

Large manufacturers fear complexities of their taxation following a recent clarification of the income tax wing, which instructs paying tax on same transactions by both producers and distributors.The recent Income Tax Circular-2024 has come with the clarification where national distributors, distributors and sub-distributors (considered as withholding entities) need to deduct...

Ban on battery-run rickshaws in city main roads demanded

Hundreds of pedalled rickshaw drivers staged a protest at Dhaka's Shahbagh intersection on Monday, demanding a ban on battery-run rickshaws from the city's main roads.The protest began around 11 am, bringing traffic in the area to a standstill, reports UNB.The protesters shouted slogans such as "No more autorickshaws (battery-run)," "Illegal...

Prof Niaz Ahmed Khan to be new VC of DU

Professor Niaz Ahmed Khan, who teaches development studies, is set to be appointed the 30th Vice-chancellor at Dhaka University (DU).The Ministry of Education will issue a notification today (Tuesday) regarding this appointment, a Ministry source confirmed to the media.Professor Niaz Ahmed has been serving as the acting Vice-Chancellor of Independent...

BFIU asks for S Alam Group’s banking info

The Bangladesh Financial Intelligence Unit (BFIU) on Monday asked banks to provide detailed information about banking activities of S Alam Group Chairman Mohammed Saiful Alam, his companies and his 12 other family members on suspicion of scams.The 12 family members include wife of Mohammad Saiful Alam alias S Alam Farzana...

Administrative HQ, CA office made off-limits to demonstrations

Dhaka Metropolitan Police (DMP) has placed an indefinite ban on holding any type of meeting, gathering, procession, rally and demonstration in areas surrounding Bangladesh Secretariat and Chief Adviser's official residence Jamuna, reports UNB.A public notification ordered by the DMP commissioner said the decision was taken considering the emerging recent situation...

NBR allows clearance of Dhaka-bound goods through Pangaon terminal

The National Board of Revenue (NBR) has permitted clearance of the goods bound for the Inland Container Depot (ICD) in Dhaka through Pangaon terminal in a bid to help ease congestion at the Chittagong port.In a letter on August 22 last, the Customs Wing of NBR allowed importers of 1,856...

Ban on Jamaat may be lifted today

The interim government may issue a circular today (Tuesday) to withdraw an order of the Awami League government banning Jamaat-e-Islami and its front organisations.Mohammad Shishir Manir, a counsel of Jamaat-e-Islami, confirmed the update in a press briefing held at the Supreme Court premises on Monday.On August 1, the Awami League...

Protest inside Indian visa centre, enhanced security sought

Amid sudden demonstrations inside the key Indian visa centre, the Indian High Commission in Dhaka has sought enhanced security, noting that such a situation should not arise, reports UNB. "We have taken up this with the MoFA. We have sent the note verbale. We need enhanced security. Such a situation...

Hajj primary registration to begin on September 1

The primary registration for the 2025-Hajj will begin on September 1 and continue until November 30 under government and private management, reports UNB.The deadline for the registration will not be extended after the primary registration this year, said a media release from the Ministry of Religious Affairs on Sunday.Anyone who...

Rejoinder 2024-08-27

Genex Infosys PLC, on Monday, clarified its position regarding news published in the 23 August 2024 issue of The Financial Express under the headline "Retail VAT collection flops on EFD setback".In its clarification, the company has claimed that a few sections of the report on Electronic Fiscal Devices Management System...