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Jun 21 2017 Oil prices recover from 10-month lows

Oil prices rose on Thursday after US crude and gasoline stockpiles fell, but worries over whether OPEC-led output cuts would be able to rein in a three-year glut continued to drag.
The market largely shrugged off comments overnight from Iran's oil minister that members of the Organization of Petroleum Exporting Countries (OPEC) are considering deeper cuts [...]


Jun 21 2017 Toddler slips into pond, dies

A toddler drowned in a pond in Roshunia area of Sirajdikhan upazila on Wednesday.
Local people said Alisha, 2, daughter of Muktar Hossain of the area, slipped into the pond nearby the house while she was playing.
Later, locals rescued her and rushed to Upazila Health Complex where doctor declared her dead.
Sirajdikhan Upazila Health Officer Dr Dulal [...]


Jun 21 2017 Asian stocks go up

Asian stocks advanced on Thursday as oil prices struggled to climb off a 10-month low hit overnight on concerns over a supply glut and falling demand.
MSCI's broadest index of Asia-Pacific shares outside Japan .MIAPJ0000PUS climbed 0.3 per cent.
Japan's Nikkei .N225 fell 0.1 per cent, with shares in auto air bag maker Takata Corp plunging 50 [...]


Jun 21 2017 Madrasa teacher found dead

A madrasa teacher was found dead near a fish enclosure at Matiadanga village in Satkhira sadar upazila on Wednesday.
Local people spotted the body of Ibrahim Khalil, 40, a teacher of Brahmarajpur NBBK Al-Madina Dakhil Madrasa, at the fish enclosure and informed police, reports UNB.
Police recovered the body and sent it to Sadar hospital morgue for [...]


Jun 21 2017 IS blows up Mosul mosque

Islamic State militants on Wednesday blew up the Grand al-Nuri Mosque of Mosul and its famous leaning minaret, Iraq's military said in a statement, as Iraqi forces seeking to expel the group from the city closed in on the site.
It was from this medieval mosque three years ago that the militants' leader Abu Bakr al-Baghdadi [...]


Jun 21 2017 Negative remittance inflows may affect future growth

The current negative growth in remittance inflows might have some adverse effects on domestic demand, the central bank said, thereby possibly affecting country's economic growth.
From the demand side, strong private-sector-credit growth and capital-machinery-import growth indicate buoyant domestic demand, according to the latest quarterly report of the Bangladesh Bank (BB).
"However, the negative growth in remittance inflows [...]


Jun 21 2017 Old VAT law stays, govt ditches debated new one

The process is all but complete to postpone enforcement of the new VAT and Supplementary Duty Act 2012 at the instruction of the prime minister, amid raging criticism of its possible fallout.
Officials said the National Board of Revenue (NBR) completed all necessary groundwork to defer enforcement of the new law that bears some fiscal measures, [...]


Jun 21 2017 One more NBFI gets BB licence

The Bangladesh Bank has issued an operating licence to a new non-banking financial institution (NBFI) named Alliance Leasing and Finance Company Limited. The central bank issued the licence under Article 4(1) of the Financial Institution Act 1993, said a circular dated June 20, 2017.—FE Report
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Source: The Financial Express


Jun 21 2017 Govt issues SRO on cut in rice import duty

The revenue board cut the import duty of rice to 10 per cent from 25 per cent Wednesday to rein in prices of the staple in the local market.
The Internal Resources Division (IRD) issued a Statutory Regulatory Order (SRO) making the reduced duty effective from June 21, 2017.
Husked (brown) rice, semi-milled or wholly-milled rice, whether [...]


Jun 21 2017 Excise duty, uniform VAT rate cause furore among MPs

Lawmakers from both sides in parliament continued Wednesday criticism of the proposed budget 2017-18 particularly for proposing excise duty on bank-account balance and Tk 20 billion allocation for feeding scam-hit state-owned banks (SoBs).
"The bank interest rates on deposit are quite low. Furthermore, the government is going to impose excise duty on bank balance, which is [...]