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

20pc tax-GDP ratio by 2021 possible: Muhith

The government is looking to increase the country's tax-GDP ratio to 20 per cent by 2021, riding on an increasing number of taxpayers, Finance Minister A M A Muhith said on Friday. "Currently, the tax to GDP ratio of Bangladesh is around 10 to 11 percent, which is quite low...

Businesses for full automation of CCH

CHITTAGONG, Jan 26: Speakers at a seminar urged the authority concerned to bring all the assessment activities in the Chittagong Custom House (CCH) under automation for ensuring paperless documentation and smooth delivery of import cargoes from the port.In this regard they demanded immediate increase in manpower, specially mid-level and junior-level...

Tigers promise to fight hard in final today

Bangladesh will play Sri Lanka in the final of the seven-match Tri-nation ODI series at the Sher-e-Bangla National Cricket Stadium of Mirpur in the today (Saturday), reports UNB.The final match of the series will begin at 12pm (Bangladesh time).The Tigers' captain Mashrafe Bin Mortaza expected from his boys to play...

Cut dependence on pharma raw materials' import

The Prime Minister's Office (PMO) has asked the commerce ministry to take necessary steps to be a self-sufficient Active Pharmaceutical Ingredient (API)-producing country aiming to reduce dependency on large-scale import of pharmaceutical raw materials, officials said.To this effect, Prime Minister's Economic Affairs Adviser Dr Moshiur Rahman has recently requested Commerce...

Five-day extension likely as DITF draws crowds

Businessmen participating in the Dhaka International Trade Fair 2018 proposed extension of the fair for five more days to February 5, reports UNB.Mohammad Abdur Rouf, member secretary of DITF, told the news agency that they on Wednesday received an application from the businessmen seeking a five-day extension of the trade...

BGAPMEA renews call for policy support

Garments accessories and packaging manufacturers on Friday reiterated its demand for policy support including cash incentive on export and low-cost funding for sustaining the sector's growth at desired level.They also urged the government to extend its support for establishing a dedicated industrial zone and a modern laboratory to help achieve...

China toughens capital market supervision

BEIJING, Jan. 26 (Xinhua): Those involved in illegal capital market activities have reasons to be fearful in 2018 as China's top securities watchdog takes a tougher stance on market irregularities. The China Securities Regulatory Commission (CSRC) rejected six of seven initial public offering (IPO) applications Tuesday, making it the biggest...

US urges Russia, Myanmar rethink on fighter jet deal

The United States called on Russia and Myanmar on Thursday to reconsider a reported agreement for the supply of Russian fighter planes to the Southeast Asian country, reports Reuters.Russian media quoted the Defence Ministry in Moscow as saying this week that Russia would sell six SU-30 planes to Myanmar. The...

A procession in marking the International Customs Day-2018

A procession in the city on Friday marking the International Customs Day-2018. FE photo

Materials for reconstruction of pavement lie haphazardly

Materials for reconstruction of pavement lie haphazardly at Mohakhali in the city on Friday, impeding pedestrian and vehicular movement. — FE photo