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

Proposed taxes to push up cement prices by 10pc

The production cost of cement might go up by 10 per cent if the government imposes advance tax (AT) on the import of raw materials as proposed in the national budget for 2019-20, cement manufacturers said on Monday. Such a hike in cement prices would lead to an increase in...

Formulate guideline to reduce poverty, inequality: DBM

Terming the proposed budget anti-people, a civil society platform said on Monday some major issues including growing income inequality, poverty and corruption have not been reflected properly in it.They also urged the government to formulate an effective guideline to reduce poverty and inequality in the society.As there is a policy...

BD women migrate to India crossing border

A large number of Bangladeshi women migrate to India for jobs by crossing border from Kalia upazila in Narail district, according to a recent research finding.It showed that women workers travel to the neighbouring country with the assistance of middlemen or sub-agents. They are engaged in household works, kitchen porters,...

Capital dredging of Karnaphuli likely to be completed in 2022

CHATTOGRAM, June 24: The long-awaited capital dredging of Karnaphuli River is likely to be completed in 2022.Chattogram Port Authority (CPA) in association with Bangladesh Navy (BN) under a project worth Tk 2,420 million (Tk 242 crore) started the capital dredging of Karnaphuli in November.However, dredging of the river, lifeline of...

Nasrul for removing TIN requirement for lifeline subscribers

State Minister for Power, Energy and Mineral Resources Nasrul Hamid requested on Monday the finance ministry to withdraw the budget proposal for submission of Tax Identification Number (TIN) by lifeline subscribers to get power connection, reports BSS."The lifeline subscribers are extremely poor as they usually consume electricity below 50 units...

Northern General Ins gets new chair, vice chairman

Abdul Matin Ayub Ali Chowdhury Engineer Abdul Matin and S. M. Ayub Ali Chowdhury have been elected Chairman and Vice Chairman of Northern General Insurance Co. Ltd.They were elected during a meeting of the board of directors of the company in the city recently, says a statement.Engineer Matin is one...

BKB clients repaying loans

Bangladesh Krishi Bank (BKB) clients repaying loans as the bank arranged camps in all its 1,036 branches across the country on the occasion of 'Modhumela' recently. Some 60,994 borrowers repaid loans of about Tk 3.38 billion, including classified loans of Tk 772.5 million

Executive Committee Chairman of Standard

Executive Committee Chairman of Standard Bank Limited Kamal Mostafa Chowdhury presiding over the committee's 133rd meeting at the bank's head office in the capital on Monday. The bank's Managing Director and CEO Mamun- Ur- Rashid, committee members and senior executives were present

Director General of BWDB

Director General of Bangladesh Water Development Board (BWDB) Md Mahfuzur Rahman recently visiting a place of Sirajganj district where crossbars and spars have been built by the board to protect the area on the bank of Jamuna from river erosion and flood water