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

NBR to settle long-standing BPC VAT dues thru' book adjustment

The revenue authority is set to settle the long-standing Value Added Tax (VAT) worth Tk 35.64 billion dues from Bangladesh Petroleum Corporation (BPC) through book adjustment after all its efforts to realise the outstanding amount proved unsuccessful. Four marketing companies --- Padma Oil Company, Meghna Petroleum, Jamuna Oil and Standard...

Prices of essentials to remain stable in Ramadan, says Tofail

Prices of essential commodities will remain stable in the local market during the upcoming month of Ramadan as the country has a sufficient stock to meet demand, Commerce Minister Tofail Ahmed said Sunday."We have a sufficient stock of essential items to fulfill the demand during the fasting month of Ramadan,"...

Move to declare selected eateries 'safe food zone'

The government has taken a move to ensure food safety for the consumers by declaring selected hotels and restaurants 'safe food zone'. To this end, the ministry of food (MoF) has formulated some guidelines to be followed by the hotel and restaurant owners in order to ensure food safety in...

Discount on Novoair tickets for City Bank card members

City Bank American Express Debit and Credit Card members will now get 10 per cent flat discount on base fare of air tickets on all domestic and international routes when they purchase tickets from Novoair website www.flynovoair.com, says a statement. City Bank has recently signed an agreement with Novoair to...

Steel use in BD not up to billing: Amu

Appollo Ispat Complex, one of the leading steelmakers of the country, has launched its advanced radiant tube furnace (RTF) super galvanising factory in Narayanganj.The Tk 2.04 billion project will produce 72,000 tonnes of corrugated and galvanised steel sheets per annum.Industries Minister Amir Hossain Amu inaugurated the environment-friendly plant as the...

Teletalk to offer 4G service in Aug

State-owned mobile network operator (MNO) Teletalk will start offering 4G service in August this year although three private MNOs launched this service in February.The 23rd meeting of the Parliamentary Standing Committee on the Ministry of Posts, Telecommunications and Information Technology was informed on Sunday that Teletalk has adopted a plan...

BARVIDA seeks specific duty treatment for hybrid cars

Traders of reconditioned vehicles on Sunday placed a number of demands, including raising the depreciation rate of old and reconditioned cars up to 50 per cent depending on their age in the upcoming budget. They also called for rearranging the cylinder capacity (CC) slabs and specific duty treatment for the...

Digital Innovation Fair begins in Rajshahi

RAJSHAHI, Apr 1 (BSS): A three-day 'Divisional Digital Innovation Fair-2018' began at Rajshahi College playground on Sunday. Latest ICT products, multi-media classroom, mobile banking and e-learning materials have been put on display at 54 stalls and three pavilions at the fair. Speakers at the inaugural ceremony said the digitisation of...

Green Delta Capital Limited and Spectra Group exchanging documents

Managing Director and CEO of Green Delta Capital Limited Md Rafiqul Islam and Group Chairman of Spectra Group Khan Md Aftabuddin exchanging documents after signing a mandate under which GDCL will act as mandated lead arranger to raise up to US$ 40 million through syndicated loan and equity for 35...

Omar Farooque along with others cutting a cake in celebration of bank's stepping into sixth year

Managing Director of Union Bank Limited Omar Farooque along with others cutting a cake in celebration of the bank's stepping into sixth year at its head office at Gulshan in the city on Sunday

News in Brief -(02-04-2018)

Sweden introduces aviation taxSTOCKHOLM, Apr 01: Sweden introduced a new aviation tax on Sunday that will add an extra charge to all passenger flights from the country in a bid to lessen air travel's impact on the climate. "The objective of the tax is to minimise the carbon footprint of...

China’s new tax cuts to benefit some sectors

BEIJING, Apr 01 (Agencies): China's new value-added tax (VAT) reform measures are expected to reduce the burden on a range of sectors in the real economy, analysts said. China will cut VAT rates as part of a tax reduction package amounting to 400 billion yuan (about 63.6 billion U.S. dollars)...

Participants of a five-day credit management training programme of SBAC Bank

Managing Director & CEO Md Golam Faruq, Additional Managing Director Mostafa Jalal Uddin Ahmed, Principal and General Manager Md Nazrul Islam and Head of Human Recource Division Md Ghulam Nabi of SBAC Bank posing for photo with the participants of a five-day credit management training programme at bank's head office...