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

Bangladesh Delta Plan 2100 may face fate like DAP, STP

The proposed Bangladesh Delta Plan 2100 might face similar fate like those of Detailed Area Plan (DAP) and Strategic Transport Plan (STP) due to influence of 'political power combined with commercial interest', an eminent planner feared Thursday. He said that formulating a project was easy but political power and commercial...

Govt frames policy on health dev surcharge

The government has framed a policy on spending health development surcharge by setting some 14 priority sectors, including financing for tobacco control activities. The policy has been formulated after three and a half years of imposition of the surcharge on tobacco products.The National Board of Revenue (NBR) imposed the 1.0...

Mobile banking affects remittance inflow thru' banking channel: BIBM report

Inflow of remittance through banking channel is falling as sending money home by migrant workers through informal channel like mobile banking is getting popular for quick delivery of money, according to a research report of BIBM, reports BSS. "Hundi syndicate members are using mobile financial services such as bkash, Rocket,...

Forces orientation confce takes place

A forces orientation conference to strengthen military-media relations was held at Dhaka Cantonment on Thursday.Principal Staff Officer (PSO) of Armed Forces Division (AFD) Lieutenant General Md Mahfuzur Rahman was the chief guest of the programme, held at AFD multipurpose hall. Director General of Intelligence Directorate Brigadier General Monirul Islam Akhand...

Oxford Cambridge 'investing millions of pounds offshore', Paradise Papers reveal

The universities of Oxford and Cambridge invested millions of pounds in offshore funds, according to revelations contained in the Paradise Papers. Both universities are said to have invested in funds based in the Cayman Islands, a tax haven popular with many American and British hedge funds, according to a report...

Saudi anti-corruption probe finds '$100bn was embezzled'

Saudi Arabia's attorney general says at least $100bn (£76bn) has been misused through systemic corruption and embezzlement in recent decades, reports BBC.Sheikh Saud al-Mojeb said 199 people were being held for questioning as part of a sweeping anti-corruption drive that began on Saturday night.He did not name any of them,...

BD needs addl $928b for SDGs’ implementation

Bangladesh will require an additional amount of US$ 928.48 billion over the period of 2017 to 2030 for the full implementation of the Sustainable Development Goals (SDGs) in the country, says a study revealed here on Wednesday, reports UNB.The annual average cost of SDGs will be US$ 66.32 billion (at...

Benapole strike halts export, import

BENAPOLE, Nov 9 (UNB): Trade between India and Bangladesh through the Benapole land port came to a halt on Thursday morning, following a strike enforced by C&F workers protesting the arrest of one of the members of the Benapole Customs Clearing & Forwarding Agents Staff Association.Thousands of C&F workers blocked...

China institute to train manpower for power sector

The Chinese government seeks to build a modern technical institute in Bangladesh to create world standard skilled human resources to mitigate the current demand for skilled manpower for sustaining the country's fast growing development, says a statement. The technical institute, with special focus on power engineering courses, will be set...

Chinese President Xi Jinping and US President Donald Trump

Chinese President Xi Jinping, first lady Peng Liyuan, US President Donald Trump and first lady Melania at a state dinner at the Great Hall of the People in Beijing on Thursday. — Reuters