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

National SME Fair to boost growth of business

A five-day National SME Fair-2018 began in the city on Wednesday amid expectations that it will give a boost to the growth of small and medium enterprises in the country.The sixth edition of the fair would create an avenue for the stakeholders, including entrepreneurs, financial institutions and government agencies, to...

Govt may opt to stop supply to pvt refineries after May 15

The government may opt to stop supplying natural gas condensate to private refineries in the country after May 15 in a bid to limit their operations and ensure smooth commissioning of a state-run condensate fractionation plant.The Energy and Mineral Resources Division (EMRD), which is under the Ministry of Power, Energy...

Science ministry seeks 19pc hike in budgetary allocation

The ministry of science and technology has sought a budgetary allocation of Tk 124.41 billion for the next fiscal year, an increase of 18.46 per cent from the current fiscal.The ministry received Tk 105.11 billion under the original ADP for the current fiscal year 2017-18. "We have sought a bigger...

Leaders of Newspapers Owners' Association of Bangladesh participating in pre-budget discussion with NBR chairman

Leaders of Newspapers Owners' Association of Bangladesh (NOAB) participating in a pre-budget discussion with National Board of Revenue (NBR) chairman Md Mosharraf Hossain Bhuiyan in the capital on Wednesday — FE photo

Govt may reduce tax slab for individual taxpayers

The National Board of Revenue (NBR) may reduce the tax slab for individual taxpayers to bring more people under tax net instead of increasing the tax-free threshold, said its chief Wednesday. "The government considers to slash the minimum tax slab to 5.0 per cent from existing 10 per cent for...

Ctg Port gets rail-mounted gantry crane

CHATTOGRAM, Apr 4: Chattogram Port has got its maiden rail-mounted gantry crane, which will double the port's existing capacity of handling the Dhaka ICD-bound containers.Sources at the port said, the rail-mounted gantry (RMG) vrane, imported from China, was unloaded on Monday and will be installed at the country's main seaport...

BD to receive 85.11m Euro from IDB for rural, urban housing

Bangladesh will receive 85.11 million Euro in loan from the Islamic Development Bank (IDB) for rural and urban housing.A loan agreement was signed with the Jeddah-based lending agency on Tuesday. Finance Minister AMA Muhith and President of IDB Bandar MH Hajjar inked the agreement on the sidelines of the 43rd...

BB asks banks to reduce interest rates on lending

The commercial banks have been advised to reduce interest rates on lending along with providing long term repayment facility to ship building industry, officials said.The central bank issued a circular letter in this connection Wednesday and advised the managing directors and chief executive officers of all scheduled banks to follow...

News Briefs-(05-04-2018)

Khondoker Rashed Maqsood NRBC Bank gets new MD Khondoker Rashed Maqsood has joined the NRB Commercial Bank Ltd. as its Managing Director and CEO. Earlier, he was the managing director & Citi country officer for CitiBank N.A. Bangladesh for over six years. Prior to that, he was working at Citi...

Dhaka wants developed nations to show greater ‘energy responsibility’

Energy Adviser Dr Tawfiq-E-Elahi Chowdhury said on Wednesday developed countries should demonstrate greater 'energy responsibility' towards a demand side control of power wastage and make frontier technologies for smart and renewable energy available to developing countries, reports UNB.He was addressing the Asian and Pacific Energy Forum in Bangkok."Prime Minister Sheikh...

Denmark imposes tax on former Uber drivers

COPENHAGEN, Apr 4 (Reuters): Denmark's tax authorities are demanding nearly 1,200 former Uber drivers to pay an additional $1.9 million in taxes for 2014 and 2015, after finding tax avoidance among close to all the drivers controlled.

Peugeot to build new van at Vauxhall plant

LUTON, England, Apr 4 (Reuters): Peugeot-maker PSA has unveiled plans to raise output at its British Vauxhall van plant, in a pre-Brexit show of confidence that will raise pressure on sister brand Opel's German workforce to offer concessions in labour talks.PSA, which last year acquired Opel/Vauxhall from General Motors, will...

Anbang Insurance Group to get $9.7b fund

SHANGHAI, Apr 04 (AFP): Anbang Insurance Group said Wednesday that China's government will inject 60.8 billion yuan ($9.7 billion) into the troubled conglomerate, whose rapid acquisition binge triggered a takeover by regulators worried about the firm's solvency. China's insurance regulator announced an unprecedented commandeering of Anbang in February, and a...

S Korea's online shopping posts double-digit growth

SEOUL, Apr 04 (Xinhua): Online shopping in South Korea posted a double-digit growth in February as demand for food delivery services increased during the period of the Winter Olympics, a government report showed Wednesday. Shopping in the cyberspace amounted to 7.9 trillion won (7.5 billion U.S. dollars) in February, up...

Skills shortage retards Portugal’s economic growth

LISBON, Apr 04 (AFP): When French technology consultancy Altran needed to hire staff for a new centre in Porto, it held a recruitment fair on board a boat docked in the northern Portuguese city's colourful riverside area. Dozens of recent graduates mingled with Altran staff as they enjoyed sweeping views...