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

Pvt millers call for tax on raw jute exports

Private jute millers have requested the government to impose duty on exports of raw jute so that India is forced to review its anti-dumping duty on import of jute goods from Bangladesh. In a letter to the ministry of textiles and jute on Tuesday, they said that if the government...

New rail to roll across historical frontier dists

New railroads will link historical frontier districts where Bangladesh's first capital as seat of the government-in-exile was established, officials said.Under this plan, Bangladesh Railway (BR) moves to construct a new rail line between Darshana and Meherpur through Damurhuda and Mujibnagar to facilitate cheaper travel to the historical sites.They said the...

Work on rebasing GDP gets momentum

The Planning Division arranges a seminar today (Thursday) to highlight and discuss the necessity of rebasing of the country's Gross Domestic Product (GDP).The seminar on 'Rebasing and Revision of GDP: Bangladesh Perspective' will be held at the NEC Conference Room in the city's Sher-e-Bangla Nagar area, reports BSS.Planning Minister AHM...

BCS (Taxation) Assoc elects office bearers

Bangladesh Civil Service (Taxation) Association recently elected tax commissioner Md Selim Afzal and additional commissioner Md Nuruzzaman Khan its president and secretary general respectively.The association also elected tax commissioner Md Rezaul Karim its treasurer in the election held on December 30 last at a city hotel.Tax member Rowshon Ara Akter...

Airports lack proper websites despite thrust on digitalisation

Despite the government's thrust on digitalisation and wooing more foreign tourists, none of Bangladesh's airports has a proper website where passengers can get information before starting their travel, reports bdnews24.com.Aviation experts and people in the tourism sector say it is a must for the airports to have updated information on...

News Briefs-(04-01-2018)

Dairy farmers’ group forms executive body The National Dairy Development Forum was launched through the formation of a 13-member executive committee. Lawmaker Umme Kulsum Srity has been nominated as president, while Mohammad Anisur Rahman, Director of BRAC Dairy and Food, as General Secretary. The executive committee has been formed at...

Pakistan allows use of yuan for trade, investment

ISLAMABAD, Jan 3 (AFP): Pakistan will allow the Chinese yuan to be used for imports, exports and financing transactions for bilateral trade and investment activities, in a move economists said Wednesday would simplify a massive Chinese investment project.Both public and private sector enterprises may use the yuan for bilateral trade...

Race for 'smart' hits fever pitch at electronics show

SAN FRANCISCO, Jan 3 (AFP): Giving gadgets brains will be a hot theme at the Consumer Electronics Show set to open in Las Vegas, with device makers big and small touting hardware with "smarts."Whether it's a doorbell or refrigerator, a TV set or a toothbrush, chances are it will be...

Dominion Energy to buy Scana Corp in $14.6b deal

NEW YORK, Jan 3 (Reuters): Dominion Energy Inc said on Wednesday it will buy troubled utility Scana Corp in an all-stock deal worth about US $14.6 billion, including debt.Scana shareholders will receive 0.6690 shares of Dominion Energy for each share held, or the equivalent of about $55.35.The offer represents a...

Thai Dec headline CPI rises 0.78pc, below forecast

BANGKOK, Jan 3 (Reuters): Thailand's headline consumer prices rose again in December, but were below forecasts and the central bank's target range, commerce ministry data showed on Wednesday, giving policymakers room to keep interest rates low.The headline consumer price index rose 0.78 per cent in December from a year earlier,...

China's Didi Chuxing buys control of Brazil's app 99

SAO PAULO, Jan 3 (Reuters): China's ride-hailing application Didi Chuxing has agreed to acquire a majority stake in Brazilian app 99, newspaper Valor Economico said on Wednesday, citing sources familiar with the talks.According to the paper, Didi valued 99 at $1 billion, and acquired stakes owned by current shareholders Riverwood...

Sri Lanka's economy to grow 5-5.5pc

COLOMBO, Jan 3 (Reuters): Sri Lanka's economic growth in 2018 will bounce back to between 5-5.5 per cent this year from last year's estimate of less than 4 per cent due to a recovery in the global economy, Central Bank Governor Indrajit Coomaraswamy said Wednesday."Economic growth is expected to pick...

UK would continue to welcome foreign investment, trade minister Fox says

BEIJING, Jan 3 (Reuters): British trade minister Liam Fox said on Wednesday that London would continue to welcome foreign investment, after a US panel rejected a Chinese acquisition of a US money transfer company on national security concerns. Fox was on a visit to China, the latest instalment in long-running...

Lankan central bank sees recovery in 2018, cautious on easing

COLOMBO, Jan 3 (Reuters): Sri Lanka's economic growth in 2018 is forecast at between 5-5.5 per cent, bouncing back from an anticipated four-year low of less than 4.0 per cent last year, central bank Governor Indrajit Coomaraswamy said on Wednesday. The turnaround was expected in the wake of a stronger...

HK retail sales see highest growth in nearly three years

HONG KONG, Jan 3 (Reuters): Hong Kong's retail sales rose for the ninth month in November in their best growth since February 2015 on strong consumer demand and improved tourism, in particular from mainland China.November retail sales grew 7.5 per cent from a year earlier to HK$38.7 billion ($4.95 billion)...