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

High Boro input costs, falling Aman price deal double blow to farmers

Spiralling input costs for Boro cultivation coupled with a big drop in Aman paddy price have left farmers in dire straits this year. As a result, the Boro cultivation acreage might decline in this Boro season, which could prompt price volatility in coming months, experts said.Boro and Aman yields account...

Apparel sector leaders pay tribute to Annisul Huq

Leaders of the country's apparel industry paid tribute on Sunday to late mayor Annisul Huq and recalled his great contributions to society and the business arena.Annisul Huq, the mayor of Dhaka North City Corporation (DNCC) who also served as president of the country' apex trade body FBCCI, the BGMEA and...

City Bank wins best digital bank award

City Bank has been named the 'Best Consumer Digital Bank in Bangladesh 2018' by Global Finance. This is for the fourth time, the bank recently received such accolade from this North America based top financial publication known for recognising fintech innovations worldwide, said a statement. City Bank's robust, state-of-the-art digital...

Shakhawat Hossain receiving the National Export Trophy

Managing Director of Paramount Textile Shakhawat Hossain receiving the National Export Trophy for the year 2015-2016 from Prime Minister Sheikh Hasina at a programme organised jointly by the commerce ministry and EPB in the city on Sunday

Chinese people pay 31.6b yuan less in first month after income tax reform

BEIJING, Dec 02 (Xinhua): Chinese people have found the tax expenses on their October pay slips drop drastically after new tax brackets were adopted on Oct 1, according to the State Administration of Taxation (SAT).The tax reduction amounts to 31.6 billion yuan in total while more than 60 million people...

Nilufer Zafarullah, MP, inaugurating Midland Bank's branch at Maligram Bazar

Midland Bank Limited Chairman Nilufer Zafarullah, MP, inaugurating the bank's branch at Maligram Bazar of Bhanga Upazila in Faridpur district recently in presence of the bank's Managing Director & CEO Md. Ahsan-uz Zaman, directors and senior executives, and local elite

Myanmar holds commerce fair in Yangon

YANGON, Dec 02 (Xinhua): The Myanmar Commerce Fair-2018 kicked off at Yangon Convention Center on Saturday, aiming to promote economic development of the country.Efforts are being accelerated to promote the private sector development, to create economic opportunities as well as to attract more foreign investment in the country, Union Minister...

India's total tax collection stands at $14.7b in Nov

NEW DELHI, Dec 02 (Xinhua): The Goods and Services Tax (GST) collected in India during the month November aggregated around $14.7 billion (Rs 97,637 crore), said official data released by the country's Finance Ministry on Saturday.Out of the total amount, around $2.5 billion (Rs 16,812 crore) was Central GST, i.e....

Lagarde urges G20 members to fix trade to boost growth

WASHINGTON, Dec 02 (Xinhua): International Monetary Fund (IMF) chief Christine Lagarde on Saturday said there is "an urgent need" to de-escalate trade tensions, reverse recent tariff increases and modernise the rules-based multilateral trade system.In a statement issued at the conclusion of the Group of 20 (G20) Summit in Buenos Aires,...

SBP hikes interest rate to 10pc

ISLAMABAD, Dec 02 (Reuters): The State Bank of Pakistan (SBP) hiked its key interest rate by 150 basis points to 10 per cent, citing rising inflation and high current account and fiscal deficits."Continued inflationary pressure (and rising inflationary expectations) needs to be checked," the central bank said in a statement...