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

Monitor mega-projects strictly before polls

A think-tank has called for strict monitoring of ongoing mega projects ahead of the national elections. "Instead of focusing on spending, we need to focus on the quality of the projects," said the head of the Dhaka-based South Asian Network for Economic Modeling (SANEM)."It is very likely that spending on...

Doctors believe Khaleda suffered 'mild stroke'

The doctors of Khaleda Zia have said they believe the BNP chairperson suffered a mild stroke, reports bdnews24.com.The four physicians visited the former prime minister for more than one and a half hours at the old jailhouse on Nazimuddin Road in the city on Saturday afternoon. After the visit, Dhaka...

Eid shoppers' mad rush worsens city traffic

Vehicles lying caught in a severe traffic snarl at Banani in the city on Saturday — FE photo Saturday saw a real nightmare for commuters as traffic was painfully slow in different parts of Dhaka city.The heavy pressure of vehicles on roads was mainly due to the mad rush of...

Reduce corporate tax rate to 10pc

FE ReportThe apparel trade body urged the government on Saturday to reduce the proposed corporate tax rate to 10 per cent and withdraw source tax for the sector for next three years. "Every year the government increases the rates of corporate and source taxes for the country's garment sector. And...

Budgetary allocation for Law Division rises by 3.0pc

FE ReportThe government has proposed an increase in the budgetary allocation for the Law and Justice Division under the Ministry of Law by 3.0 per cent.The national budget for fiscal year (FY) 2018-19 proposed an allocation of Tk 15.23 billion (1,523 crore) for the Law and Justice Division. The budgetary...

Emerging from ignominy

Within years of exploding as the new form of paperless communication it was obvious that in the next phase, Apps and Value Added Services (VAS) were going to take the centre stage. That has come about only to spark a furious argument between telecom operators and the VAS providers. Nor...

G7 summit fails to resolve Trump-allies differences

Talks at the G7 summit in Canada have failed to resolve deep differences between US President Donald Trump and leaders of major industrial nations, reports BBC.The divisions were laid bare on Friday, notably over trade.Allies of the US are furious over Mr Trump's recent decision to impose tariffs on steel...

A man lying chained up after being caught on a theft charge before

A man lying chained up after being caught on a theft charge before he was freed at West Jatrabari in the city on Saturday — FE photo

BD’s outbound investment more than triples

FE ReportThe outflow of foreign direct investment (FDI) from Bangladesh to other countries surged by more than three times in a year.The outward flow means Bangladeshi business entities or Bangladesh-based multinational companies are investing in other countries across the world. The country's outbound FDI reached $ 170 million in 2017,...