Election process, reform to run simultaneously
Chief Adviser Muhammad Yunus says election process and state-level reforms will run simultaneously to ensure free and fair elections for transfer of power.In his address to the nation on Sunday evening to mark 100 days of the interim administration, the head of post-uprising government said Election Commission formation will take...
Read more
Soured loans make quantum leap
Bangladesh's banking sector sees classified loans make a quantum leap to Tk 2.85 trillion, largely for a redefined default-counting system applicable to term credits that is also revealing 'hidden' debts.Such all-time high figure of NPLs, obtained in September data, compels banks to limit their credit supply to the borrowers. Besides,...
Read more
NBR extends income tax return time by one month
The National Board of Revenue (NBR) has extended the time for submitting tax return for individuals by one month to December 31, following requests of different professional bodies. The original deadline for individual tax return submission was November 30, said a press statement.Meanwhile, 3,75,000 taxpayers submitted their tax returns online....
Read more
UK backs BD in repatriating laundered money
As Bangladesh sought support for bringing back billions of dollars laundered abroad during the past regime, visiting UK under- secretary for the Indo-Pacific Catherine West extended her government's full backing for repatriation of the stolen money.West made the commitment when she called on Chief Adviser of the interim government of...
Read more
Labour unrest puts huge strain on RMG industry
The labour unrest that broke out in Ashulia in late August and spilled over to Gazipur has put enormous impacts on the billion-dollar garment industry, according to sector insiders.The impacts include shift in work orders to other places inside and outside the country and also a halt in massive investment...
Read more
