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

UN office seeks upfront VAT exemption for its agencies

Time-consuming procedures in the VAT provisions are delaying VAT refund process to the United Nations (UN) agencies in Bangladesh.To avoid the hurdles in refund process, the UN office in Bangladesh has sought upfront VAT exemption status for its agencies here for locally procured goods and services for official use and...

Draft landscape policy finalised

A landscape policy has been drafted for the first time to protect national and regional highways from damage and prevent road accidents.The policy will help all concerned including Forest Department and Local Government Engineering Department choose proper plants for planting along the roadside, considering road safety and beautification.Official sources said...

Passengers suffer as launch, ferry services halted

Passengers suffered immensely on Monday following the suspension of launch service on Shimulia-Kathalbari river route for poor navigability in the Padma.Their sufferings intensified in the absence of ferry service that was also snapped earlier.Bangladesh Inland Water Transport Corporation (BIWTC) official Ahammed Ali at Mawa ghat said ferries and launches did...

World Bank to give $202m loan for food storage facility

The World Bank would provide US$202 million worth of loans for improving Bangladesh's food storage facility, officials said on Monday.To this effect, the Washington-based lender signed a loan agreement with Economic Relations Division (ERD) in Dhaka on the day.WB country director in Bangladesh Mercy Miyang Tembon and ERD secretary Fatema...

FE holds dialogue on post-pandemic recovery today

Bangladesh's premier financial English daily, The Financial Express, has initiated a series of dialogue to discuss critical issues of business and development and generate analyses that may offer solutions.The first episode of the webinar series will focus on "Post-Pandemic Recovery: The Path to Ensuring Inclusive Development". This dialogue is scheduled...

BRAC Bank wants stay on compensation verdict

BRAC Bank wants a stay order over the High Court verdict that asked the bank authorities to pay Tk 1.5 million as compensation to Jahalam, a jute mill worker who spent three years in jail instead of real one, in a case filed for misappropriation of Tk 185 million.The bank...

Regulator asks non-life insurers to increase EPS

The Insurance Develop-ment and Regulatory Authority (IDRA) asked the non-life insurers to increase their earnings per share (EPS) 1.5 times the figure last year. The regulator set the target for the EPS at an online meeting with the heads of non-life insurance companies on Monday. According to a meeting source,...

Dhaka-Vienna air connectivity draft agreement gets cabinet nod

The Cabinet on Monday approved the draft of an air services agreement to be signed with Austria for direct flight operations between Dhaka and Vienna, reports UNB.The approval came from the weekly Cabinet meeting held virtually with Prime Minister Sheikh Hasina in the chair. The PM joined the meeting through...

Global cases surpass 40 million

Worldwide coronavirus cases crossed 40 million on Monday, according to a Reuters tally, as the onset of winter in the northern hemisphere fuelled a resurgence in the spread of the disease, report agency .The Reuters tally is based on official reporting by individual countries. Experts believe the true numbers of...

HC issues 6-month deadline to wrap up probe into Rooppur pillow scam

The High Court has ordered officials to complete within six months the investigation in four graft cases over the irregularities in the purchase of furniture and other home appliances at Pabna's Rooppur Nuclear Power Plant Project, reports bdnews24.com.The court also issued a 'standover' (adjournment) on a rule over the bail...

Activists of Left Democratic Alliance block

Activists of Left Democratic Alliance block the Purana Paltan intersection in the city on Monday demanding reopening of jute mills and immediate payment of dues to the workers — FE photo

Students of medical and dental colleges

Students of medical and dental colleges form a human chain at Syed Nazrul Islam Sarani in the city on Monday urging the authorities not to create any session jam amid coronavirus pandemic — FE photo