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

SC rallies CAG's power to audit public money

FE REPORTWherever income and expenditure of public money are involved, the Comptroller and Auditor-General of Bangladesh (CAG) has the authority to audit to ascertain the propriety, legality and validity of it.The Supreme Court (SC) has ruled it, saying that the provisions of the law concerned provide that the CAG has...

SMAC HRS opens office in Ctg

SMAC HRS Limited organised an event to open their Chattogram office at Hotel Agrabad in Chattogram on Thursday, says a press release.SMAC HRS is a concern of Snehasish Mahmud & Co., a firm of Chartered Accountants, which provides an end-to-end Human Resource Management solutions with HR Management, Payroll Management and...

China's August factory activity weakens for second straight month

BEIJING, Sept 2 (AFP): China's manufacturing activity dropped in August for the second month in a row, official data showed Wednesday, as strict zero-Covid restrictions and extreme heat hit growth.The Purchasing Managers' Index (PMI), a key gauge of manufacturing activity in the world's second-biggest economy, came in at 49.4 in...

Shohoz fined for selling same ticket twice

FE REPORTThe Directorate of National Consumer Rights Protection (DNCRP) on Wednesday fined Shohoz, a private online seller of railway tickets, Tk 0.21 million for selling a single ticket twice.The consumer rights agency imposed the fines during a mass hearing at its office in Dhaka city.Biswajit Saha, a passenger, lodged a...

Inflation hits 9.1% in countries using euro currency

LONDON, Sept 2 (AP): Inflation in the European countries using the euro currency hit another record in August, fueled by soaring energy prices mainly driven by Russia's war in Ukraine.Annual inflation in the eurozone's 19 countries rose to 9.1%, up from 8.9% in July, according to the latest figures released...

High-speed broadband internet by 2023: Jabbar

NETROKONA, Sept 2 (BSS): Minister for Posts and Telecommunications Mustafa Jabbar said that there would be no place in the country without high-speed broadband internet connection after 2023."There will be no area in the country without high-speed broadband internet connection after 2023. It will not be possible to accelerate the...

Govt approves proposal for appointing vendors for EFDs

The government has approved a proposal in principle for appointing service providing vendors for supplying, using Electronic Fiscal Devices (EFDs) and collecting information on realised VAT at the retail level in a bid to boost revenue collection, reports BSS.The approval came in the 19th meeting of the Cabinet Committee on...

Exxon, Shell sell California oil assets for $4b to IKAV

HOUSTON, Sept 2 (Reuters): Exxon Mobil Corp and Shell Plc on Thursday confirmed the sale of their California oil joint-venture Aera to German asset manager IKAV for $4 billion, ending a 25-year-long partnership that was one of the state's largest oil producers.The sale reflects the two companies move out of...