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

Non-coarse rice prices start creeping up as OMS goes on

Prices of rice, especially those of fine quality, increased again at the retail level, straining purses of fixed-earning consumers.Factory-gate and city wholesale prices of coarse rice also increased, but its impact on the retail markets remains minimal, according to the traders. Low rice production in the Aman season, poor market...

Survey on marine resources likely to end in April

The ongoing survey on marine resources in the Bay of Bengal is expected to be complete in April. The Department of Fisheries (DoF) has been carrying out the survey under the project titled 'Bangladesh Marine Fisheries Capacity Building' since late 2016. RV Meen Shandhani, a research and survey vessel, is...

GP, Banglalink pay Tk 1.52b in 4G VAT

Two leading mobile phone operators -- Grameenphone and Banglalink -- have paid Tk 1.52 billion in Value Added Tax (VAT) on their spectrum acquisition fee for 4G, reports BSS. Bangladesh Telecommu-nication Regulatory Commission (BTRC) deposited the amount to the Large Taxpayer Unit (LTU) of the National Board of Revenue (NBR),...

Dhaka calls for strengthening Bimstec

Bangladesh High Commissioner to India Syed Muazzem Ali on Monday said the Bimstec must redouble its efforts to be more effective and result-oriented in integrating the economies of its seven member-countries for the welfare of their people, reports UNB."Time has come for us to seriously re-look at how we want...

Govt plans to install 20m pre-paid power meters in three years

The government plans a move to install 20 million (two crore) pre-paid meters to ensure hundred per cent pre-paid metering system in the next three years to reduce the system loss, ghost billing, consumers' sufferings and other anomalies in the power sector, reports BSS."We have installed 800,000 pre-paid meters across...

Bashundhara LP Gas holds distributors' conference

Bashundhara LP Gas Distributors' Conference titled 'Shwarnali Din' was held at a hotel in Cox's Bazar recently, says a statement. Bashundhara Group officials and about 250 distributors and their family members from Chittagong and Comilla divisions joined the conference.Vice Chairman of Bashundhara Group Shafiat Sobhan attended the function as the...

Uber, Ola drivers start strike in India

MUMBAI, Mar 19 (Reuters): Drivers for app-based cab aggregators Uber and Ola started an indefinite strike across India on Monday, demanding extra pay as a surge in the number of cabs on the two platforms, coupled with cutbacks in incentive payments, have stung drivers.The strike, which began at midnight on...

Sri Lanka Feb tourist arrivals up 19.3pc

COLOMBO, Mar 19 (Reuters): Tourist arrivals in Sri Lanka jumped 19.3 per cent in February from a year earlier, while the number of visitors in the first two months rose 13.8 per cent year-on-year, government data showed on Monday.Tourist arrivals in 2017 had risen 3.2 per cent to a record...

S'pore fines StanChart more than $4.0m over money laundering breaches

SINGAPORE, Mar 19 (Reuters): The Monetary Authority of Singapore (MAS) imposed penalties of S$5.2 million (US $3.95 million) on the Singapore branch of Standard Chartered Bank (SCBC) and S$1.2 million on Standard Chartered Trust (Singapore) Ltd (SCTS) for anti-money laundering breaches and countering financing of terrorism (AML/CFT) requirements.In a statement...

Customer get-together of Social Islami Bank Limited

Managing Director and CEO of Social Islami Bank Limited Quazi Osman Ali (2nd from left) speaking as the chief guest at a customer get-together at CSS Ava Centre in Khulna recently