All Finance

Muktijoddha Mancha organises human chain rally against Pakistan

Water level in Sylhet decreases, misery increases

Rain brings relief in different places including Dhaka

Government employees want 60 percent salary hike

Siam to star opposite Mithila Palkar in a Bollywood film

VAT on edible oil imports reduced by 10 percent

Own Correspondent, Dhaka, March 17: Reducing value added tax (VAT) on edible oil imports by 10 percent, the VAT has now been set at 5 percent. The newly fixed 5 percent VAT will remain in force till June 30.

Prime Minister Hasina calls on Saudi Arabia to invest heavily in Bangladesh

Dhaka, March 16: Prime Minister Sheikh Hasina has called on Saudi Arabia to invest heavily in the special economic zone. "I welcome Saudi investment in Bangladesh," she said.

Cabinet instructs to reduce duty on daily commodities including oil at import stage

Dhaka, March 14: The Cabinet has directed the Ministry of Commerce and the NBR to consider reducing tariffs on various commodities, including oil, at the retail level as well as at the import level.

9 organizations bag HSBC Business Excellence Award

Own Correspondent, Dhaka, March 14: Nine organizations of the country have bagged the Hong Kong and Shanghai Banking Corporation (HSBC) Business Excellence Award.

Saudi Arabia eager to take bandwidth from Bangladesh

Dhaka, March 13, 2022: Posts and Telecommunications Minister Mustafa Jabbar has said that Saudi Arabia is interested in buying bandwidth from Bangladesh.

The Philippines will co-operate in the production of exportable pineapple and G-9 bananas

Dhaka, March 12: The Philippines will assist in the production of high quality exportable pineapple varieties MD-2, G-Nine banana, Delmon tea and Macapuno coconut in Bangladesh. A memorandum of understanding will be signed between Bangladesh and the Philippines soon. The information was given during a meeting between Agriculture Minister Dr Md Abdur Razzak and Philippine Agriculture Minister William D. Darr before the closing day session of the 36th Asia-Pacific Regional Conference of the Food and Agriculture Organization (FAO) at Hotel Intercontinental in Dhaka on Friday.

Prime Minister expects large-scale UAE investment in Bangladesh

Own Correspondent, Dhaka, March 11: Prime Minister Sheikh Hasina has called upon the UAE business community to invest in large scale in Bangladesh's specialized economic zones and high-tech parks, especially in readymade garments, leather goods, jute and jute products, food products and ICT and ITES (IT related services).

Government withdraws VAT on edible oil, sugar and gram

Dhaka, March 10: VAT on edible oil, sugar, gram has been revoked to keep prices of essential commodities at a tolerable level. Finance Minister AHM Mustafa Kamal told reporters after a meeting of the Cabinet Committee on Procurement of the Secretariat on Thursday.

FBCCI signs MoU with Dubai International Chamber

Dubai, March 10: A Memorandum of Understanding (MoU) has been signed between the Federation of Bangladesh Chambers of Commerce and Industry (FBCCI) and the Dubai International Chamber of Commerce and Industry to increase trade and investment between the UAE and Bangladesh.

Impact of Russia-Ukraine war on Bangladesh garment industry: 166 containers stuck

Own Correspondent, Chittagong, March 7: The beginning of the Russian military operation in Ukraine has had an impact on the world economy. Its impact is visible in Bangladesh as in other countries. The impact of the Russian invasion has been felt in many areas, including fuel, oil and gas. It has also affected the garment industry, one of the most important sectors in Bangladesh. Garment exports are getting stuck in private container depots (offdocks) in Chittagong due to the announcement of closure of shipments to Russia by big international shipping companies.

South Korea proposes to build metro rail in Chittagong in PPP

Seoul, March 5: Metro rail is going to be in Chittagong port city with special interest of Prime Minister Sheikh Hasina. Feasibility study is being discussed in this regard. During the talks, South Korea proposed to invest in the construction of a metro rail in the port city on the basis of public-private partnership (PPP). As per the proposal, they have expressed interest in starting the survey work soon.

LPG rate rises to eight-year high

Dhaka, March 4: The price of LPG is increasing rapidly in the world market. The price of this fuel is increasing due to the effect of Russia-Ukraine war. At present, propane, one of the main components of LPG, costs USD 895 per metric ton and butane at USD 920 per metric ton. This price is the highest in the last eight years. Prices were one-third lower at this time last year.

Money transaction for Rooppur nuclear project halted following Russia's message

Own Correspondent, Dhaka, March 4: Western sanctions on several Russian banks have created uncertainty over money transactions for Bangladesh's Rooppur nuclear power plant project.

Exports from Bangladesh to India's Tripura are increasing

Own Correspondent, Dhaka, March 2: Bangladesh's import-export with the Indian state of Tripura is increasing. Especially in the last few years, the import-export figure is surpassing the previous years.

Remittance inflow dips to 1.5 billion dollars in February

Own Correspondent, Dhaka, March 2: In February, the second month of the year, expatriate Bangladeshis sent 149 crore 60 lakh US dollars in foreign exchange or remittances to the country. In Bangladeshi currency, the amount is Rs 12,865 crore (calculating 1 USD= Rs 86).