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

Move to open direct banking channel with Russia

A move is underway to establish direct banking channel between Bangladesh and the Russian Federation, aiming to facilitate bilateral trade between the two countries, officials said. In the absence of a direct banking channel, Bangladeshi businesses have to use a third country to export goods to Russia, which does international...

Project cost up by 17pc despite completion of construction

Roads and Highways Department (RHD) has revised the 3rd Karnaphuli bridge project, raising its cost by around 17 per cent though the construction work was completed eight years ago.The department proposed 16.9 per cent increase in the project cost from its earlier revision and 82 per cent increase from the...

Fake audit reports hamper tax collection, says NBR chief

Tax evasion by many a company forging financial statements is one of the key reasons behind the prevalence of black money in the country, the National Board of Revenue (NBR) chairman said on Tuesday."Many people who become rich overnight by evading taxes siphon off a large sum of money to...

90 migrant workers fall victim to employer’s whim in Qatar

About 90 Bangladeshi migrant workers have been facing an uncertain future in Qatar as they were left jobless after the company they worked for stopped paying their wages over five months ago, according to fellow workers who returned home recently.Each of them spent more than Tk 400,000 on securing jobs...

India for early Bimstec meet to boost connectivity

India is likely to urge Nepal to soon hold the fourth summit of the seven-member grouping of BIMSTEC.The summit of the Bay of Bengal Initiative for Multi-Sectoral Technical and Econ-omic Cooperation (BIMSTEC) will help fast-track regional connectivity projects and push Indian Act East Policy, according to a report by economictimes.indiatimes.com....

News Briefs(9-5-2018)

Retired jute mill workers demand duesCHATTOGRAM, May 8: About one thousand workers, employees and officers of state-owned jute mills are deprived of post-retirement provident fund, gratuity and other benefits even after five years. They said families of 992 persons who retired from Amin Jute Mills, Gul Ahmed Jute Mills, Baghdad-Dhaka...

Modhumoti Digital Banking at seven UDC Agent Points

Mohammad Mobasher Hasan, Upazila Nirbahi Officer, Saltha, Faridpur, along with Moklesur Rahman, Senior Vice-President and Head of Agent Banking Operation of Modhumoti Bank Limited, and others inaugurating Modhumoti Digital Banking at seven UDC Agent Points at a ceremony in Saltha on Tuesday

Md Mehmood Husain inaugurating operations of Bondhu Agent Banking

Managing Director and CEO of NRB Bank Ltd Md Mehmood Husain inaugurating the operations of Bondhu Agent Banking as the chief guest at a ceremony at Amtoli Bazar, Bijoy Nagar, Brahmanbaria, recently

BD earns $13.5b remittance in 2017, says IFAD report

Bangladesh has fallen behind its three other South Asian neighbours -- Pakistan, Nepal and Sri Lanka -- in growth of remittance inflow in the last one decade, reports UNB.However, the country was ahead of its closest neighbour India in the inward remittance growth during the same period, according to a...

China vice premier to visit US for talks

WASHINGTON, May 08 (AFP): China's top economic official will visit Washington next week to continue trade discussions, the White House said Monday, as threatened tariffs on billions of dollars of goods could be imposed this month. The visit by Vice Premier Liu He-considered President Xi Jinping's right-hand man on economic...

Sterling slips as investors trim their holdings before BoE meeting

LONDON, May 08 (Reuters): Sterling slipped on Tuesday as investors continued to trim their pound holdings before a Bank of England (BoE) meeting on Thursday, when the central bank is expected to keep interest rates on hold, and as worries about Brexit negotiations resurface.The pound, which has fallen heavily in...

Debt a concern for Africa: IMF

LIBREVILLE, May 08 (AFP): Growth across sub-Saharan African will rise to 3.4 per cent this year from 2.8 per cent in 2017, but in the continent's poorest countries, debt is a major burden, the IMF said on Tuesday. Top performers are Benin, Burkina Faso, Ethiopia, Ghana, Ivory Coast, Rwanda, Senegal...

Turnbull govt pledges tax cuts, cheaper beer in budget

SYDNEY, May 08 (AFP): Australia's conservative government pledged tax cuts for low and middle earners, cheaper beer, and billions of dollars for new roads and rail lines in a pre-election budget Tuesday. The set of measures are widely seen as the unofficial start of campaigning ahead of national polls due...

Italian govt bonds surge to six-week high

LONDON, May 08 (Reuters): Italian government bond yield rose sharply on Tuesday, lifting southern European peers, as the possibility of an early Italian election increased with the country's largest anti-establishment parties polling strongly.President Sergio Mattarella called on Monday for Italy's bickering parties to rally behind a "neutral government", but Italy's...

German industrial outputs rise in March

FRANKFURT AM MAIN, May 08 (AFP): Industrial production in Germany bounced back in March from a February slip, official data showed Tuesday, soothing fears of sharp slowdown after a year of unexpectedly strong growth.Output among industrial firms in Europe's powerhouse added 1.0 percent month-on-month, federal statistics authority Destatis said.Capital goods...