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

Work on savings tools' database begins in July

The government will input all data about investors in savings tools in a central-database repository for modernising management of its borrowing instruments as a sustainable source of deficit financing.Officials said the inputting will begin in July in the next financial year, and on completion of the database building, the savers...

NBR mulls advance appraisal of returns

The income tax authority has planned to launch a set of measures, including advance or provisional assessment of tax returns, to gear up its revenue collection, said officials concerned.Under the measures, tax returns of the previous year will be assessed, in case of not submission of returns in the current...

DIFE asks shops, showrooms to comply with labour law

The government has initiated a move to enforce working hours, overtime allowance and holiday-related provisions of the labour law in all the business establishments across the country, officials said. The Department of Inspection for Factories and Establishments (DIFE) has already issued a notice to hundreds of shops and showrooms, asking...

Target to train 50,000 on remittance management

A total of 15,000 migrant workers and their family members have been trained on remittance management so far under the first phase of a scheme."We are going to train 35,000 more to scale up the campaign on remittance utilisation, investment and savings drive among the remittance earners and senders," a...

Auto exhibitions begin in city on March 22

An array of exhibitions of motor, bike and auto parts will be held at the International Convention City Bashundhara (ICCB) in the capital on March 22-24.The Conference and Exhibition Management Services Ltd (CEMS)-Global has organised the three-day exhibitions -- '13th Dhaka Motor Show', '4th Dhaka bike Show', '3rd Dhaka Auto...

Robi to adopt ADR to resolve VAT-related disputes

Robi Axiata has pledged to adopt Alternative Dispute Resolution (ADR), an out-of-the-court settlement, to resolve its VAT-related disputes with Large Taxpayers Unit (LTU) regarding renting of commercial space.The second largest mobile phone operator placed an application Wednesday to the Customs, Excise and VAT appellate tribunal, seeking its approval to resolve...

'Improve investment climate in Sylhet'

SYLHET, Mar 14: Speakers at an exchange of views meeting stressed the need for improving the investment climate in Sylhet and other regions of the country in order to increase the export volume.A group of officials from the EU Delegation in Bangladesh joined the meeting organised by the Sylhet Chamber...

China Jan-Feb non-financial ODI up 25.2pc

BEIJING, Mar 14 (Reuters): China's non-financial outbound direct investment rose 25.2 per cent year-on-year to $16.82 billion in the first two months of 2018, the Commerce Ministry said on Wednesday.China's outbound investment fell 29.7 per cent in 2017 as regulators clamped down on fund outflows, suspecting some overseas deals were...

German Feb harmonised annual inflation 1.2pc

BERLIN, Mar 14 (Reuters): Germany's consumer prices, harmonised to compare with other European countries, rose by 0.5 per cent in February from the previous month and were up by 1.2 per cent from the previous year, the Federal Statistics Office confirmed on Wednesday.On a non-harmonised basis, consumer price inflation for...

News Briefs-(15-03-2018)

Wartsila celebrates 20 yrs of presence in BangladeshWartsila, a leading equipment and technology provider in power, energy and marine sector, celebrated its 20 years of business presence in Bangladesh. To mark the occasion, the Finnish company organised a function at Radisson Water Garden Hotel in the city on Tuesday, which...

Dr Shirin Sharmin Chowdhury handing over a cheque for Tk 0.4 million to woman entrepreneur

Jatiya Sangsad Speaker Dr Shirin Sharmin Chowdhury handing over a cheque for Tk 0.4 million to woman entrepreneur Labonno Reza, a client of South Bangla Agriculture and Commerce (SBAC) Bank, at the Bankers-SME Women Entrepreneurs Conference at Shishu Academy in the city recently in presence of Bangladesh Bank Governor Fazle...

atiya Sangsad Speaker visiting stall of Midland Bank Limited

Jatiya Sangsad Speaker Dr Shirin Sharmin Chaudhury visiting the stall of Midland Bank Limited at the 'Banker-SME Women Entrepreneur Conference' at Shishu Academy in the city recently while Bangladesh Bank Governor Fazle Kabir and Managing Director of Midland Bank Ahsan-uz Zaman looking on

Beijing-Washington trade ties should not be a zero-sum game: China

BEIJING, Mar 14 (Agencies): US-China trade relations should not be a zero-sum game, China said on Wednesday, as US President Donald Trump seeks to impose tariffs on up to $60 billion of Chinese imports.Foreign Ministry spokesman Lu Kang told a daily news briefing that China would take firm measures to...

UK economy will face sluggish growth due to Brexit fallout

LONDON, Mar 14 (AFP): Britain's economy will face sluggish growth in the coming years on the back of Brexit fallout, finance minister Philip Hammond revealed Tuesday in a key budget update. Gross domestic product (GDP) is projected to grow 1.5 per cent this year, Chancellor of the Exchequer Hammond said,...

S Arabia to keep Apr crude oil exports under 7.9m bpd

DUBAI, Mar 14 (Reuters): Saudi Arabia plans to keep its crude oil production in April below 10 million barrels per day (bpd), and maintain exports under seven million bpd, the energy ministry said on Wednesday, as the top OPEC producer wants to end a global supply glut and boost prices.Saudi...