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DSEX dips below 5,400 after one yr

Stocks plummeted Sunday, extending the losing streak for the 13 straight sessions, much to the chagrin of investors.The core index of the major bourse dipped below 5400-mark after a year on the day.Market insiders said investors were mostly on selling spree fearing further fall of stock prices while disappointing earnings...

'Micro-merchants' have limited access to finance

Bangladesh has over 1.1 million 'micro-merchants' engaged in fast-moving consumer goods (FMCG) trade with estimated annual sales of over US$ 18.35 billion a year, according to a study conducted by the United Nations Capital Development Fund (UNCDF).According to the National Industrial Policy 2016, micro-enterprises will be those which employ maximum...

Banks' VAT collection from overseas ads under scrutiny

The VAT authorities have made an initiative to scrutinise major commercial banks' VAT collection from overseas payment of advertisement bills on Facebook, YouTube and other online networks.To this end, the Large Taxpayers' Unit (LTU) under the Value Added Tax (VAT) wing recently wrote to the managing directors of 17 large...

Govt will eradicate drug menace: PM

Prime Minister Sheikh Hasina said on Sunday the government will eradicate the drug menace from the country as it did in the case of militancy, reports UNB."We've contained militancy. Now, we've taken an initiative to save the country from drug menace. You've noticed that drives against drugs have already started,"...

Tanners, bidi makers seek cut in VAT, duty

Leaders of Bangladesh Tanners Association (BTA) on Sunday placed some proposals before the government to help promote the country's tannery industry.At a meeting with Finance Minister AMA Muhith at his secretariat office, the association leaders also demanded that the government provide them with some facilities for tanning rawhides and skins....

Nonprofits trim operations, facing funding headwinds

Stories of Bangladesh's growth and prosperity have swayed the donor community to commit less aid for legions of non-governmental organisations (NGOs) in the country, forcing the nonprofits to trim operations."We're seeing the impact at the field level," said Asif Saleh, a senior director for strategy, communications and empowerment at BRAC....

Vehicles crossing another lane of Fatehpur Flyover in Feni

Vehicles crossing another lane of Fatehpur Flyover in Feni, opened to traffic on Sunday afternoon to ease the persisting gridlock on the Dhaka-Chattogram Highway — Focus Bangla

News Watch (21-5-2018)

Another lane to ease Dhaka-Ctg tailbacks FENI, May 20: Another lane of the Fatehpur railway overpass on the Dhaka-Chattogram highway was opened to traffic on Sunday, aiming to ease traffic congestion on the busiest highway of the country. The highway has been experiencing severe tailbacks for more than a week....