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

Poor collateral, documentation create hurdles for MSMEs

The MSMEs (micro, small and medium enterprises) in Bangladesh are subject to a number of financing constraints, like - poor quality of collateral, inadequate documentation, and ill-defined business plans etc, according to a report. The report, titled 'Financing Solutions for Micro, Small and Medium Enterprises in Bangladesh', was prepared by...

Traffic jam makes life unbearable in port city

CHATTOGRAM, May 08: Traffic congestion, accompanied with sweltering heat, has made public life unbearable during the holy month of Ramadan. Vehicles on the city roads have to stay motionless for hours, causing the untold sufferings to the commuters. The present vehicular scenario on the city streets manifests virtual collapse of...

China grants 12.3b RMB, $3.9b for 11 projects in BD, says envoy

China has so far granted 12.3 billion RMB in concessional loans and 3.9 billion US dollars in preferential buyer's credit for 11 projects under the Belt and Road programme in Bangladesh.The interest rate ranges between 2.0 and 3.0 per cent.Chinese Ambassador in Dhaka Zhang Zuo disclosed this on Wednesday at...

NBR to issue instant BIN again

The National Board of Revenue (NBR) has decided to re-introduce the system of instant issuance of the BIN.This comes at odd with the board's earlier stance on verifying the information before the issuance of fresh VAT registration.Currently VAT officials issue BIN after the verification of information provided in the application....

ACC finds irregularities in road repair on Bhola

The Anti Corruption Commission (ACC) revealed Wednesday huge irregularities in the renovation work of a road constructed under the Roads and Highways Department (RHD) in Bhola Sadar.The commission found the irregularities during an enforcement drive after the local people halted the Tk 100 million repair work on the grounds of...

High-powered body to discuss e-commerce issues today

A high-powered panel formed by the government will sit with the stakeholders in the e-commerce sector today (Thursday) to discuss various issues relating to the growing and prospective sector.The 28-member panel headed by Commerce Minister Tipu Munshi will also discuss the issue of e-commerce negotiations with the World Trade Organisation...

HC seeks list of cos involved in milk adulteration

The High Court directed on Wednesday the Bangladesh Food Safety Authority (BFSA) to submit a list of the companies involved in adulteration of milk and curd within May 15, reports UNB.A bench of Justice Md Nazrul Islam Talukder and Justice KM Hafizul Alam passed the order after a report in...

9 die in blast near shrine in Pakistan

At least nine people were killed by a blast targeting a security checkpoint outside a major Sufi shrine in the eastern Pakistani city of Lahore on Wednesday, officials said, reports Reuters.The blast, one day after the beginning of the Muslim holy month of Ramadan, took place close to the Data...

BNP to get one seat for woman

The Election Commission has announced the election schedule for one parliamentary seat exclusively reserved for woman created after five BNP MPs joined the 11th parliament, reports bdnews24.com.The EC will accept nominations for the seat until May 20, according to the schedule announced on Wednesday. The aspirants will be able to...

Police arrest suspected IS militant back from Syria

Bangladesh's counter-terrorism police have arrested a suspected Islamic State member who returned to the country after fighting for the militant group in Syria, police said Wednesday, reports AFP.Dhaka launched a major crackdown against homegrown extremist outfits following an attack by a local outfit on a cafe in the capital in...

Nurses forming a human chain

Nurses forming a human chain in front of the Kalyanpur Ibne Sina Medical College Hospital in the city on Wednesday demanding punishment to the killers of nurse Shahinur Akhtar Tania who was raped and killed in a running bus at Katiadi, Kishoreganj — Collected

People from all walks of life

People from all walks of life paying their last respects to singer Subir Nandi at the Central Shaheed Minar in the city on Wednesday — FE photo