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

Anti-liberation forces not to get people’s mandate: PM

Prime Minister Sheikh Hasina on Sunday said people will never give their mandate to anti-liberation forces, patrons of war criminals, corrupts and killers like BNP as they will drive the country from the path of development to destruction, reports UNB. "The people of Bangladesh will never, ever cast their votes...

Banks should court mergers and acquisitions for bailout

Banks in Bangladesh should go through mergers and acquisitions, which a leading banker believes will make the overall banking sector better and stronger through troubleshooting."I think merger and acquisition should take place in our banking arena," Mr. Anis A Khan, Chairman of the Association of Bankers, Bangladesh, said in an...

MRA scraps licences of 110 MFIs for breach of rules

FE ReportA total of 112 microfinance institutions (MFIs) have faced action for breaching the existing rules and regulations, officials said.Of the total, operating licences of 110 MFIs have been cancelled while the activities of two others put on hold, according to the Microcredit Regulatory Authority (MRA) data.As of November last,...

NBR struggles to implement it for lack of manpower, logistics

The field offices are facing difficulties to complete the process of digitising manually submitted income tax returns within the stipulated timeframe due to inadequate manpower and logistic supports.National Board of Revenue (NBR) had to extend the deadline for three times due to the slow progress of digitisation. Now, the fresh...

CCC urges ministries to help realise tax arrears

CHITTAGONG, Dec 17: Municipal tax collection of Chittagong City Corporation (CCC) has been hit hard, as a large amount of its revenue has been lying unpaid with different government and semi-government offices in the port-city for years.Facing severe fund constraint in providing its service to the citizens, CCC has sought...

US zeroes in on Myanmar sanction target

The United States has identified one person it might impose sanctions on over the brutal crackdown in Myanmar against minority Rohingya Muslims and is examining others, US Secretary of State Rex Tillerson says.The comment has come as a group of Myanmar newsmen chalked out a protest programme against arrest of...

DNCC mayoral by-polls in Feb

The by-polls to the mayoral post of Dhaka North City Corporation (DNCC) will be held in last week of February, Election Commission acting Secretary Helaluddin Ahmed said on Sunday, reports UNB.Besides, the elections for the councilor post in the 36 new wards -18 of the DNCC and 18 of the...

Suicide bombers attack Pak church, killing eight

Two suicide bombers attacked a packed Catholic church in southwestern Pakistan on Sunday, killing at least eight people and wounding up to 45 before one of them blew himself up and police killed the other, officials said, reports Reuters.The gunmen wearing explosives-filled vests stormed the church in Quetta city when...