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

Biman aims to lift its market share

Kamrun Nahar State-run carrier Biman has taken initiatives including purchase of new aircraft and change in networking approach to raise its market share to 30 per cent from the present 20 per cent by 2027, a Biman official has said. Besides, the national flag carrier has planned to purchase five...

Commerce minister Tofail Ahmed

Commerce minister Tofail Ahmed launched a new car brand of Tata Motors on Saturday in Dhaka.

NBR yet to realise Tk 218b VAT, SD arrears from Petrobangla

FE ReportNo visible progress has yet been made despite the government's efforts to realise Tk 218 billion in arrears from Petrobangla.Over last several months, National Board of Revenue (NBR) was trying to realise Value Added Tax (VAT) and Supplementary Duty (SD), which remained unpaid for long, from state-run Petrobangla. Recently,...

Govt moves to strengthen district chambers

The government has taken initiatives to strengthen district chambers aiming to help the country's trade and business flourish, officials said. Most of the district chambers in the country have been facing different problems, which hinder their activities, they said. The Federation of Bangladesh Chambers of Commerce and Industry, the country's...

Most software companies can't thrive as expected

Most of the country's software development firms are unable to flourish at expected level due to some factors including scarcity of skilled manpower and lack of policy support from the government, says a study.Other factors include preference to foreign software developers over local ones, absence of intellectual property rights (IPR)...

PKB seeks to weigh up a provision of bank act

Arafat AraThe authorities concerned are seeking to weigh up a certain provision of Probashi Kallyan Bank (PKB) Act-2010 for converting the bank into a commercial one instead of amending the law.To this effect, PKB in a letter has already sought necessary steps from Financial Institutions Division (FID) under the Ministry...

BB seeks Tk 25.60b as export subsidy

FE Report The Bangladesh Bank (BB) has sought a sum of Tk 25.60 billion from the government to meet the demand for cash incentive/subsidy made by local exporters, officials have said.The central bank recently sent a letter to the Ministry of Finance (MoF), seeking the release of the third tranche...

Poor penetration rate displeases distributors

Bangladesh will have to go a long way before attaining a satisfactory smartphone users' base, say mobile phone distributors.According to them, only 30 per cent of the people in the country use smartphones.Transsion Bangladesh Limited CEO Rezwanul Haque said even though there are around 100 million mobile phone users in...